FBN meaning in Business ?
Answer: What is Farmers Business Network mean?
Farmers Business Network (FBN) is a farmer-to-farmer network and e-commerce platform based out of San Carlos, California. The company was co-founded by Amol Deshpande and Charles Baron, and launched as a startup in 2014. Deshpande currently serves as CEO. As of 2020, FBN has approximately 13,000 farmers in their network between the U.S. and Canada.
In 2016, FBN launched an online input buying system called FBN Direct. The platform aggregates data on seed prices and performances to assist farmers in agronomic resource management.
The company introduced their first non-GMO corn and soybean seed offerings with F2F Genetics Network in August 2018. Some farmer members have reported saving thousands of dollars through the purchase of FBN seeds. Later in 2018, FBN announced a partnership with Amazon.
In 2019, U.S. Secretary of Agriculture Sonny Perdue attended FBN’s annual Farmer2Farmer conference in Omaha, Nebraska, and gave a keynote speech. The event saw nearly 4,000 attendees.
In 2020, the Wall Street Journal reported that the Canadian Competition Bureau was investigating allegations that Bayer, BASF, and Corteva engaged in anti-competitive practices toward FBN in Canada.
Early financial backers for FBN included Kleiner Perkins and GV.
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