ImpactAlpha, November 22 — Farmers Business Network has a network of over 33,000 farmers managing 80 million acres in North America and Australia. The San Carlos, Calif.-based company launched in 2014 to crowdsource pricing data for seeds, fertilizer and other farm inputs in a sector that profits off of opaque pricing.
Its offerings have grown to include equipment loan and insurance, crop protection, seed breeding and carbon monitoring. “Our mission is always to increase the profit potential of family farms,” said FBN’s Amol Deshpande.
FBN last year spun off GRO Network, which tracks the carbon footprint of grains. The new funding will cover more than 350 new hires and help the company scale its fintech and sustainability offerings.