FOR IMMEDIATE RELEASE
September 14, 2004
(877) 438-5729 x5013
Farms.com Ltd. acquires AgFreight.com
Ames, Iowa - Farms.com Ltd., a leading information and marketing company that provides innovative solutions to the North American Agriculture and Food industry announced that it has acquired the business of AgFreight.com, the leading online freight matching service for bulk agriculture commodities.
The AgFreight.com website has been in operation since 1999 and helps ag truckers find loads to run their operations more efficiently. Shippers of ag commodities, such as grain, feed and fertilizer can post their loads on the website for free and truckers contact them to arrange for more efficient transportation of their products. Currently, the AgFreight.com website has a large searchable database of load listings and is used by hundreds of shippers and truckers across North America. There is also an extensive list of information such as commodity prices, highway conditions and fuel prices.
“Strategically, AgFreight.com is a great fit for the Farms.com business, says Joe Dales, Vice President of Farms.com, “transportation and logistics are very important in agriculture and the internet is an excellent way to host and use information. This online service will be a great benefit to our customers helping them save time and money. We plan to build on the technology with new applications and increase the numbers of load postings and truckers using the website.”
Farms.com Ltd. (www.farms.com) is a leading marketing and information company with a family of operations that provide innovative solutions to the agriculture and food industry. Farms.com can be accessed through their leading agriculture information portal, which has business services and resources for agribusiness, livestock and crop producers. PigCHAMP, Inc. (www.pigchamp.com) is the leading swine industry software and knowledge management company. The Farms.com livestock business offers marketing services, through its subsidiary, M&F Trading, which include cash trading of swine and commodity risk management consulting services. The company operates across North America with offices located in Ames, Iowa, Clinton, North Carolina and London, Ontario Canada.
For more information, contact:
Senior Vice President