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By Margy Eckelkamp, The Scoop magazine

On Friday, March 25 after 5 pm eastern time, Farmers Edge announced its founder Wade Barnes will no longer lead the company as CEO.

His tenure will officially end when the board finds his successor, but until then, he'll to function the CEO role and help with the transition. After that time, he'll retain his seat on the board of directors and "will continue to be involved in helping steer the business," as stated in the company's news release.

Founded in 2005, Farmers Edge went public in March of 2021. At the time it went public, the company's market capitalization was $612.5 million, but had dropped to $115.2 million in November 2021.

From tech analyst Shane Thomas of Upstream Ag Insights, "The consistent topic I have brought up when writing about Farmers Edge has been around execution. One year into Farmers Edge foray into public markets, execution of their targets has remained elusive"

Thomas highlighted how in 2021 Farmers Edge lost more acres in its digital agronomy portfolio than had been added.

To view the complete report, click here.

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