The Farmers Business Network announced this week it has raised $20 million in additional funding, led by Acre Venture Partners. The independent farmer-to-farmer network says it will use the funds to further expand its farmer network, farm analytics and FBN Procurement Services. Launched commercially in 2015 and originating from farmers, the FBN network now encompasses more than 2,500 farms operating nearly nine million acres in 31 states. The company says the FBN network levels the playing field for farmers by networking farms together and enabling transparent national access to manufacturer direct prices on farm inputs. The new round of fundraising brings total funding to nearly $48 million for the services.
From the National Association of Farm Broadcasting news service.