ADM (Chicago) and FBN (Farmers Business Network; San Carlos) have signed an agreement to expand the availability of FBN’s digital farm business management platform, Gradable, to ADM’s network of farmers across America North. This will allow 55,000 producers to access a complete digital solution to manage their activities and measure sustainable production data.
Through the Gradable platform, farmers can identify areas where they can increase their profitability, including measurement, reporting and verification capabilities that will enable them to participate in regenerative agriculture programs and new markets for low-carbon cereals. They can also:
- Access a complete digital view of their business, with the potential ability to manage contracts, settlements, and scale tickets in one place
- Receive agronomic advice and training on maximizing environmental market outcomes
- Verify and maintain records of regenerative farming practices, such as cover crops, reduced tillage, and nutrient management
- Access operating capital lines with potential discounts for adopting regenerative practices
“ADM is at the forefront of decarbonizing our industry, meeting the demand for sustainably produced food, beverages and consumer products from seed to store shelf,” said Greg Morris, president of ADM’s Agricultural and Oilseed Services business, in a press release. “Last year, we committed to reducing our scope 3 emissions by 25% by 2035. Last May, we committed $20 million in incentives for farmers who use cover crops to improve the soil health, prevent runoff and reduce carbon emissions. Now we’re taking another big step by partnering with FBN to expand our suite of digital tools and provide our farmer partners with a cutting-edge platform to measure and verify regenerative farming practices and help them run their businesses. . We are excited to work with more farmers to find new opportunities for them to benefit from growing differentiated and sustainably produced crops.
Gradable will also enable increased farmer participation in new sustainability markets by allowing them to transparently collect and calculate verifiable production data, allowing them to monetize these benefits downstream in the marketplace.
“NBF’s Gradable is not only the leading digital innovation farmers need to identify profit-making opportunities, but it’s also the carbon accounting system upon which a low-carbon agricultural economy can be built, with the potential to decarbonize food and energy supply chains. gigatonne scale,” FBN CEO Amol Deshpande said in a press release. “The combination of ADM’s scale and expertise and FBN’s digital technology with the ability to efficiently, accurately and consistently calculate and verify regenerative farming practices is powerful and promises to serve as a catalyst for the development of premium markets that reward farmers for sustainable production. This level of transparency is then transferred to consumers, supporting the demand for sustainable consumption. »