ADM and Farmers Business Network® Launch Gradable Joint Venture to Accelerate Adoption of Regenerative and Sustainable Ag Practices
ADM and Farmers Business Network (FBN) have launched Gradable, a joint venture to expand their technology platform for sustainable and regenerative agriculture. The platform tracks farming practices, enabling farmers to earn rewards and buyers to identify sustainably produced grain. Gradable currently has over 20,000 farmer users across 12 million acres, scoring 200 million bushels of corn and soybeans annually. It facilitates $30 million in incentives for sustainable practices yearly.
The 50-50 joint venture aims to expand Gradable's reach, serving partners throughout the grain supply chain. It will expand across ADM's facilities in the U.S. and Canada, increase commercial partnerships, and help meet global demand for sustainable food, feed, fuel, and industrial products. ADM's regenerative agriculture efforts enrolled 2.8 million acres last year, highlighting the growing importance of sustainable farming practices.
ADM e Farmers Business Network (FBN) hanno lanciato Gradable, una joint venture per ampliare la loro piattaforma tecnologica per l'agricoltura sostenibile e rigenerativa. La piattaforma monitora le pratiche agricole, consentendo agli agricoltori di guadagnare premi e ai buyer di identificare i cereali prodotti in modo sostenibile. Gradable conta attualmente oltre 20.000 agricoltori utenti su 12 milioni di acri, con un punteggio di 200 milioni di bushel di mais e soia all'anno. Facilita 30 milioni di dollari in incentivi per pratiche sostenibili ogni anno.
La joint venture 50-50 mira ad ampliare la portata di Gradable, servendo partner lungo l'intera filiera dei cereali. Si espanderà attraverso gli impianti di ADM negli Stati Uniti e in Canada, aumenterà le partnership commerciali e contribuirà a soddisfare la domanda globale di cibo, foraggio, carburante e prodotti industriali sostenibili. Gli sforzi di agricoltura rigenerativa di ADM hanno coinvolto 2,8 milioni di acri lo scorso anno, evidenziando l'importanza crescente delle pratiche agricole sostenibili.
ADM y Farmers Business Network (FBN) han lanzado Gradable, una empresa conjunta para expandir su plataforma tecnológica para la agricultura sostenible y regenerativa. La plataforma rastrea las prácticas agrícolas, lo que permite a los agricultores ganar recompensas y a los compradores identificar granos producidos de manera sostenible. Gradable cuenta actualmente con más de 20,000 agricultores usuarios en 12 millones de acres, calificando 200 millones de bushels de maíz y soja anualmente. Facilita 30 millones de dólares en incentivos para prácticas sostenibles cada año.
La empresa conjunta del 50-50 tiene como objetivo ampliar el alcance de Gradable, sirviendo a socios a lo largo de toda la cadena de suministro de granos. Se expandirá a través de las instalaciones de ADM en los EE. UU. y Canadá, aumentará las asociaciones comerciales y ayudará a satisfacer la demanda global de alimentos, piensos, combustibles y productos industriales sostenibles. Los esfuerzos de agricultura regenerativa de ADM inscribieron 2.8 millones de acres el año pasado, destacando la creciente importancia de las prácticas agrícolas sostenibles.
ADM과 Farmers Business Network (FBN)은 Gradable을 출시했습니다. 이는 지속 가능한 및 재생 가능한 농업을 위한 기술 플랫폼을 확장하기 위한 합작 투자입니다. 이 플랫폼은 농업 관행을 추적하여 농부들이 보상을 받을 수 있도록 하고, 구매자들은 지속 가능하게 생산된 곡물을 식별할 수 있도록 합니다. Gradable은 현재 20,000명 이상의 농부 사용자를 보유하고 있으며, 1,200만 에이커의 토지를 관측하고, 매년 2억 부셸의 옥수수와 콩을 평가합니다. 이는 매년 3천만 달러의 인센티브를 지속 가능한 관행에 대해 제공합니다.
이 50-50 합작 투자는 Gradable의 범위를 확장하고 곡물 공급망 전반에 걸쳐 파트너를 지원하는 것을 목표로 합니다. 이는 ADM의 미국 및 캐나다 시설로 확장하고 상업 파트너십을 증가시키며 지속 가능한 식량, 사료, 연료 및 산업 제품에 대한 글로벌 수요를 충족하는 데 도움을 줄 것입니다. ADM의 재생 농업 노력은 작년에 280만 에이커에 등록되어 지속 가능한 농업 관행의 중요성이 커지고 있음을 강조했습니다.
ADM et Farmers Business Network (FBN) ont lancé Gradable, une coentreprise visant à étendre leur plateforme technologique pour l'agriculture durable et régénératrice. La plateforme suit les pratiques agricoles, permettant ainsi aux agriculteurs de gagner des récompenses et aux acheteurs d'identifier les céréales produites de manière durable. Gradable compte actuellement plus de 20,000 agriculteurs utilisateurs sur 12 millions d'acres, notant 200 millions de boisseaux de maïs et de soja chaque année. Cela facilite 30 millions de dollars en incitations pour des pratiques durables chaque année.
La coentreprise 50-50 vise à élargir la portée de Gradable, en servant des partenaires tout au long de la chaîne d'approvisionnement en céréales. Elle s'étendra aux installations d'ADM aux États-Unis et au Canada, augmentera les partenariats commerciaux et contribuera à répondre à la demande mondiale de produits alimentaires, d'aliments pour animaux, de combustibles et de produits industriels durables. Les efforts d'agriculture régénérative d'ADM ont enregistré 2,8 millions d'acres l'année dernière, soulignant l'importance croissante des pratiques agricoles durables.
ADM und das Farmers Business Network (FBN) haben Gradable ins Leben gerufen, ein Joint Venture zur Erweiterung ihrer Technologieplattform für nachhaltige und regenerative Landwirtschaft. Die Plattform verfolgt landwirtschaftliche Praktiken, sodass Landwirte Belohnungen verdienen und Käufer nachhaltig produzierte Getreide erkennen können. Gradable hat derzeit über 20.000 Landwirte auf 12 Millionen Acres und bewertet jährlich 200 Millionen Scheffel Mais und Sojabohnen. Es ermöglicht jährliche 30 Millionen Dollar an Anreizen für nachhaltige Praktiken.
Das 50-50-Joint-Venture zielt darauf ab, die Reichweite von Gradable zu erweitern und Partner in der gesamten Getreideversorgungskette zu unterstützen. Es wird sich auf die Einrichtungen von ADM in den USA und Kanada ausweiten, kommerzielle Partnerschaften ausbauen und dazu beitragen, der globalen Nachfrage nach nachhaltigen Lebensmitteln, Futtermitteln, Brennstoffen und industriellen Produkten gerecht zu werden. Die regenerativen Landwirtschaftsmaßnahmen von ADM umfassten im letzten Jahr 2,8 Millionen Acres, was die wachsende Bedeutung nachhaltiger Landwirtschaftspraktiken unterstreicht.
- Joint venture between ADM and FBN to expand sustainable agriculture technology platform
- Gradable has over 20,000 farmer users across 12 million acres
- Platform scores 200 million bushels of corn and soybeans annually
- Facilitates $30 million in incentives for sustainable practices yearly
- Expansion across ADM's facilities in U.S. and Canada
- ADM's regenerative agriculture efforts enrolled 2.8 million acres last year
- None.
Insights
The launch of the Gradable joint venture between ADM and FBN is a strategically significant move in the agricultural sector. With over 20,000 farmer users across 12 million acres and
Gradable's technology platform represents a significant advancement in agricultural sustainability tracking. By facilitating the scoring of over 200 million bushels of corn and soybeans and analyzing 48 million acre-years of agronomic events, it provides unprecedented data granularity for the industry. This level of detail is important for verifying sustainable practices and could become the industry standard for sustainability certification. The platform's expansion through this joint venture could accelerate the adoption of regenerative agriculture practices, potentially leading to improved soil health, reduced environmental impact and increased farmer profitability. However, the success of this venture will depend on its ability to scale rapidly and integrate seamlessly with existing agricultural operations across diverse regions.
The formation of the Gradable joint venture is a timely response to growing market trends. Consumer demand for sustainably produced crops is rising, driven by environmental concerns and corporate sustainability commitments. This venture positions ADM and FBN at the forefront of this trend, potentially capturing a significant share of the sustainable grain market. The platform's ability to facilitate over
Expansion of the technology platform will support farmers and buyers in meeting rising demand for sustainable farm products
First introduced in 2020, the Gradable platform tracks sustainable and regenerative agricultural practices and outcomes, making it easier for farmers to earn financial rewards. For grain buyers, Gradable provides reliable farm-level data, allowing them to easily identify and purchase grain that helps them meet growing customer demand for sustainably produced products.
Currently, Gradable, whose partners include ADM, POET, and Attebury Grain, LLC, is a leading grain procurement platform in
“Gradable is rapidly becoming one of the industry’s leading and largest technology platforms enabling sustainability scoring at scale. We welcome all partners from the CPG and grain buying industries and look forward to serving new markets and more farmers,” said Steele Lorenz, the newly appointed CEO of Gradable.
Expanding Value Creation for Farmers, Grain Buyers and End Customers
The demand for sustainably produced crops is increasing steadily, driven by consumer preferences, corporate commitments and initiatives, and public policy. To meet this demand, Gradable will expand across ADM's hundreds of facilities spanning the
“We're excited to partner with an agricultural leader like ADM to launch Gradable, providing thousands of farmers with powerful sustainability solutions,” said FBN CEO Diego Casanello. “By combining our expertise, Gradable will enhance insights, incentives, and support to help growers profitably adopt regenerative practices. We believe Gradable can become the industry-leading platform."
“ADM’s regenerative agriculture efforts enrolled more than 2.8 million acres last year, and we know that’s just the beginning,” said Greg Morris, president of ADM’s Ag Services and Oilseeds business. “The continued expansion of this work requires a strong technology platform that enables farmers to easily participate and provides farm-level data for grain buyers and end customers. This new joint venture paves the way for the continued growth of Gradable, opening the door for even more farmers, commercial grain partners, and end customers to benefit from regen ag practices and the growing demand for sustainably sourced products.”
About the Gradable Digital Platform
The Gradable technology platform was developed to provide a modern digital infrastructure to strengthen the relationship between grain buyers and farmers, as a new era emerges requiring efficient, transparent, and secure grain transactions for production agriculture. Gradable’s digital infrastructure does this by connecting farmer and buyer experiences into a single, secure technology platform. Gradable also lays the groundwork for increased farmer participation in new sustainability demand by allowing them to seamlessly collect and calculate verifiable production data – including carbon scores – empowering them to monetize these downstream benefits in the market.
About Steele Lorenz, Gradable CEO
Steele Lorenz has been named as Gradable's CEO. Since 2023, Lorenz served as Senior Director of Strategy and Business Operations at FBN; prior to that, he launched and led FBN’s Sustainability Business. He previously founded the irrigation provider, MyRain.
Forward-Looking Statements Regarding ADM
Some of the above statements constitute forward-looking statements. ADM’s filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, ADM assumes no obligation to update any forward-looking statements.
About FBN
Farmers Business Network, Inc. (FBN®) is a pioneering digital marketplace and farmer-to-farmer network dedicated to empowering family farmers globally while promoting sustainable agriculture. With over 87,000 members, FBN's Farmers First® promise unites growers and ranchers in their quest to maximize profitability and increase food production. FBN leverages data, AI and direct-to-farm delivery to simplify the agricultural supply chain, boosting convenience and transparency, reducing farm input costs, enhancing access to capital and services, and providing personalized insights. Combining Midwestern agricultural expertise with Silicon Valley innovation, FBN operates from principal offices in
About ADM
ADM unlocks the power of nature to enrich the quality of life. We’re an essential global agricultural supply chain manager and processor, providing food security by connecting local needs with global capabilities. We’re a premier human and animal nutrition provider, offering one of the industry’s broadest portfolios of ingredients and solutions from nature. We’re a trailblazer in health and well-being, with an industry-leading range of products for consumers looking for new ways to live healthier lives. We’re a cutting-edge innovator, guiding the way to a future of new consumer and industrial solutions. And we're a leader in sustainability, scaling across entire value chains to help decarbonize the multiple industries we serve. Around the globe, our innovation and expertise are meeting critical needs while nourishing quality of life and supporting a healthier planet. Learn more at www.adm.com.
Source: Corporate Release
Source: ADM
View source version on businesswire.com: https://www.businesswire.com/news/home/20240819257378/en/
Keith Chapman, FBN Media Relations
Keith@chappublicrelations.com
Jackie Anderson, ADM Media Relations
media@adm.com
Source: ADM
FAQ
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