The company will use the capital to accelerate the growth of both its FBN Direct and FBN Financial platforms, hire over 350 new team members in the next year and make investments in technology and data science, expanding its financial offerings with new land, operating and equipment loan and insurance products. IP investment in FBN Direct will focus on crop protection, seed breeding and biologicals, and robotics with on-farm research and development.
The funds will also support FBN’s Gradable® platform to measure and verify the carbon score of grain and other crops. With the Gradable platform, farmers can also connect with grain buyers who are looking to source low-carbon, higher-premium bushels.
<a href="https://www.finsmes.com">FBN Direct</a>