FBN Secures $50M, Expands AI to Boost Farm Profitability

Farmers Business Network (FBN), a leading agricultural technology platform, has announced $50 million in new funding to support its mission of empowering family farms. The company's farmer network has grown to over 117,000 farms, representing 187 million acres across the U.S. and Canada.

FBN's digital platform offers an Amazon-like e-commerce experience, providing farmers with more than 7,200 products and direct-to-farm delivery. The company's Finance platform has now extended nearly $3 billion in total financing to growers, helping them access the resources they need to succeed.

To further enhance its services, FBN is increasing its strategic investment in advanced AI development. The company has launched "Norm", the first Large Language Model (LLM) to answer farmers' agronomy questions, and future versions are expected to include personalized support for crop marketing, finance, and risk management. These AI-powered tools aim to reduce operating costs and improve the overall customer experience for FBN's members.

By leveraging technology and data-driven insights, FBN is committed to putting farmers first and ensuring every dollar they spend goes as far as possible. The company's focus on efficiency, convenience, and innovation positions it as a trusted partner for the agricultural community.