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ADM News
ADM and Farmers Business Network® Launch Joint Venture 'Gradable' to Accelerate Adoption of Regenerative and Sustainable Ag Practices
Expansion of the technology platform will support farmers and buyers in meeting rising demand for sustainable farm products.
www.adm.com
Farmers Business Network and ADM have announced the launch of a joint venture, Gradable, creating a new company to expand the Gradable technology platform and enable more farmers and buyers to confidently pursue and derive value from grain produced using sustainable and regenerative practices.
First introduced in 2020, the Gradable platform tracks sustainable and regenerative agricultural practices and outcomes, making it easier for farmers to earn financial rewards. For grain buyers, Gradable provides reliable farm-level data, allowing them to easily identify and purchase grain that helps them meet growing customer demand for sustainably produced products.
Gradable, whose partners include ADM, POET, and Attebury Grain, LLC, is a leading grain procurement platform in North America, with over 20,000 farmer users across more than 12 million acres. It has scored more than 200 million bushels of corn and soybeans, analyzed 48 million acre-years of agronomic events, and facilitated over $30 million in financial incentives for sustainable practices each year. The new 50-50 joint venture will enable Gradable to expand and reach new partners and customers at every stage of the grain supply chain – from growers to grain buyers.
Expanding Value Creation for Farmers, Grain Buyers and End Customers
The demand for sustainably produced crops is increasing steadily, driven by consumer preferences, corporate commitments and initiatives, and public policy. To meet this demand, Gradable will expand across ADM's hundreds of facilities spanning the U.S. and Canada; increase the number of commercial partners and countries served; and have capabilities to help the supply chain meet global demand needs for more sustainable food, feed, fuel and industrial products.
About the Gradable Digital Platform
The Gradable technology platform was developed to provide a modern digital infrastructure to strengthen the relationship between grain buyers and farmers, as a new era emerges requiring efficient, transparent, and secure grain transactions for production agriculture. Gradable’s digital infrastructure connects farmer and buyer experiences into a single, secure technology platform. Gradable also lays the groundwork for increased farmer participation in new sustainability demand by allowing them to seamlessly collect and calculate verifiable production data – including carbon scores – empowering them to monetize these downstream benefits in the market.
www.adm.com