KBHB BIG 81
LISTEN LIVE
Bob Looby 6:00am - 11:00am
KBHB ON DEMAND
facebook



ADM, Cargill partner in marketing software for farmers


SD Ag Connection - October 30, 2018

WAYZATA, MN - Archer Daniels Midland Company and Cargill have agreed to form a technology joint venture, Grainbridge LLC. The joint venture intends to provide grain marketing decision support, e-commerce and account management software for North American farmers.

This includes the development of digital tools designed to help farmers across the U.S. and Canada consolidate information on production economics and grain marketing activities into a single digital platform, at no cost to them.

"Farmers can more effectively market grain and improve their profitability using technology and data analytics," said Roger Watchorn, president of Cargill's North American agricultural supply chain. "They need digital tools that seamlessly connect their production and cost-of-production data from a variety of sources already used on their farms-but those tools simply aren't available today. Together, Cargill and ADM's unique technology capabilities, grain handling operations and years of farm consulting experience allow us to more quickly create the digital tools that will drive efficiency and profitability for farmers."

"Farmers deserve the convenience of technology that gives them the power to make quick, effective and fact-based grain marketing decisions," said Wes Uhlmeyer, president, ADM Grain.

"This new joint venture will provide for these needs with a single, powerful, easy-to-use platform for farmers to manage their accounts, make grain marketing decisions and execute transactions. We're particularly excited to work with Cargill on this joint venture to offer an unparalleled array of tools that provide farmers across the country access to powerful decision support, business intelligence and transactional efficiency. While remaining strong competitors, we recognize the need to advance technology for farmers and believe that together we can accomplish that common goal," said Uhlmeyer.

One of the first tools being developed by Grainbridge will give farmers secure access to their combined ADM and Cargill transactions, including contracts, scale tickets and payment information. This dashboard is being designed to provide farmers with insights into their current grain position and real-time opportunities.



kbhbradio.com
Phone number: 605-347-4455
E-mail: [email protected]
Address: 1612 Junction Avenue, Suite #1
Sturgis, SD 57785
  BIG 81 ON FACEBOOK
  WEATHER
  MARKET NEWS
.