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FARMERS BUSINESS NETWORK ACQUIRES AUSTRALIA'S FARMSAVE
Source: Farmers Business Network news release

Perth, Australia and San Carlos, CA - Farmers Business Network (FBN), the independent farmer-to-farmer network, announced today its acquisition of Farmsave Holdings Pty Ltd (Farmsave), an online agricultural inputs platform that provides real-time input pricing transparency and services to thousands of independent Australian farmers.

Headquartered in Perth, Australia, Farmsave gives farmers across the continent access to competitive prices on key farm chemicals from a range of suppliers and arranges delivery of goods directly to local depots and farms. Currently serving over 5,000 Australian farms, Farmsave boosts farmers' bargaining power and drives down input costs.

"We're thrilled to be working with Farmsave in one of the world's key agricultural economies," said Amol Deshpande, CEO & Co-Founder of FBN. "Farmsave's focus on transparent pricing and putting the power of choice in the hands of farmers aligns perfectly with our values. Together FBN and Farmsave can bring badly needed competition to Australia and help farmers level the playing field in this vital market."

FBN expects to announce a range of new offerings to Farmsave's existing members - and all Australian farmers - in the months ahead.

"Both Farmsave and FBN are built on one core principle, which is to give growers the power they deserve," said Dirk Butter, Founder and Director of Operations at Farmsave. "Farmsave has a strong track record in delivering value to farmers and now it's time to accelerate. By becoming part of FBN's growing global network, we will be opening up a suite of products to assist with agronomic and operational planning, driving profits to our customer's bottom line."

A recent spate of consolidation among global chemical manufacturers and national retailers has resulted in dwindling choice for farmers and inelastic pricing across Australia. With limited independent information sources for chemical prices or trends, farmers have been unable to purchase inputs with confidence. With this consolidation and a murky economic outlook, more than ever, Australia farmers need to minimize their input costs and maximize return on investment (ROI) for their farms.

"Farmsave was built in collaboration with farmers for farmers," Butter said. "We found the team at FBN shares this vision at even a larger scale, which makes our team excited for the next chapter."

Terms of the acquisition were not disclosed. To receive information on future updates regarding the partnership between FBN and Farmsave in Australia, sign up here.

About Farmer's Business Network, Inc.

Farmer's Business Network, Inc. is an independent farmer-to-farmer network, built by and for over 11,500 farmers (in North America), representing Farmers FirstŪ. FBN members receive input price and performance transparency, comprehensive farm benchmarking and analytics based on over 230 million acre-events of real-world precision agronomic data. The FBN Direct e-commerce platform provides transparent pricing on ag chemicals, fertilizers, seeds, and technology helping farmers reduce operating costs. FBN Crop Marketing provides farms premium contracts, production contracts, risk management, and price intelligence.

FBN has grown to cover more than 38 million acres of member farms in the U.S. and Canada. Blending the best of Midwestern agricultural roots and Silicon Valley technology, the company has offices in San Carlos, Calif., Chicago, Ill., Sioux Falls, S.D. and a Canadian Headquarters in High River, Alberta.

To learn more, visit: www.fbn.com.


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