Farmers Business Network

Farmers Business Network is an independent ag tech platform and farmer-to-farmer network with a mission to power the prosperity of family farmers around the world, while working towards a sustainable future.

Farmers Business Network helps farmers optimize their financial performances.

FBN was co-founded in 2014 by Amol Deshpande and Charles Baron. The company is headquartered in Sioux Falls, South Dakota and San Carlos, California. FBN also has offices in Chicago; High River, Alberta, Canada and Perth, Western Australia, Australia

FBN utilizes data science and machine learning to provide members with unbiased and unprecedented insights about each of their fields, powered by billions of data points from our network.

FBN provides farmers with product performance, benchmarking and predictive analytics based on real world performance data. Its Farmers First® promise has attracted over 12,000 members to the network with a common goal of maximizing their farm’s profit potential.

FBN’s emerging Crop Marketing and Financial Services (“CMFS”) platform is providing the most technologically sophisticated platforms to help manage risk or get key financial services such as insurance or loans. The CMFS platform is also building robust capabilities around sustainability opportunities that are already resulting in premiums and incentives for farmers who participate in land stewardship.

The FBN network has grown to cover more than 40 million acres of member farms in the U.S., Canada and Australia. The company announced the launch of FBN in Australia following the acquisition of Farmsave, a leading Australian ag tech company.

 

FBN is backed by Kleiner Perkins, BlackRock, GV, DBL Partners, Temasek, Baron Capital Group, Balyasny Asset Management LP and others. The company raised $250M in Series F round on Aug 03, 2020. This brings FBN's total funding to $571.4M to date. The latest round values the company at a whooping $1.75B post-money.

 

 

  • Year founded: 2014
  • Funding Info: $571.4M over 8 Rounds (Latest Funding Type: Series F)
  • Yearly Revenue: NA
  • Employee Size: 501-1,000
  • Business Valuation: Valued at $1.75B as of August 03, 2020
  • City/Town: Sioux Falls
  • State: South Dakota
  • Country: United States
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