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Farmers Business Network Secures $50M to Advance Ag Commerce

Farmers Business Network has secured $50 million in new funding to accelerate the expansion of its AI-powered digital platform, furthering its mission to support family farms across North America.

San Mateo, Calif.-based Farmers Business Network’s (FBN) plans to use the funding for develop products, advanced AI tools and marketplace enhancements, according to a press release from GNN today. The funding was backed by GV (Google Ventures), Temasek, Arteqin, Colle Capital and T. Rowe Price.

FBN’s network includes more than 117,000 farms covering 187 million acres in the U.S. and Canada.

The company’s e-commerce platform offers more than 7,200 products with fast, direct-to-farm delivery, while its finance division has provided nearly $3 billion in loans to growers, according to the release. FBN’s new AI tools include Norm, a large language model assisting farmers with agronomy and crop marketing queries.

As part of its platform evolution, FBN is expanding its private-label crop protection products under the Willowood USA and Farmers First brands, opening its marketplace to third-party sellers, and enhancing offerings in livestock, seed and Canadian operations, according to the release. These initiatives aim to reduce farm operating costs by 20% or more and deliver long-term value to members through digital innovation.

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US “Flash Drought” Worst in 133-160 Years + Disease taking a Bite out of US 2025 Corn/Soybean Crops

Video: US “Flash Drought” Worst in 133-160 Years + Disease taking a Bite out of US 2025 Corn/Soybean Crops


A dry August and a “flash drought” in the ECB (Eastern Corn Belt) the driest top 10 to 15 years in 150 to 160 years (Ohio the driest in 133 years) plus disease is taking a bite out of the 2025 U.S. corn and soybean crops.
It's going to be an early harvest. This could be the start of the 89-year drought cycle that may have been delayed until 2026 as La Nina maybe returning.
The USDA September crop report is all about record corn ears and record soybean counts but the October USDA crop report will be about pod and ear weights.
Stats Canada reported higher forecasts for the 2025 Canadian Prairies all wheat and canola crops vs. last year based on satellite imagery but are they overestimating production?
The 2025 Great ON Yield Tour and Quebec crop tours are projecting corn and soybean crops below the 10-year average.
China's Vice Commerce Ministry Li Chenggang visits Washington this week as we continue to connect the dots is a positive sign towards a China/U.S. trade deal. But will U.S. farmers have a winter without China as they buy more soybeans from Uruguay/Argentina? U.S. Northern Plain soybean farmers are seeing red with flat prices at $8.97/bu!
U.S. corn exports on record pace up 99% vs. last year.
Fund short covering continues in corn futures bottom is in!