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Farmers Business Network acquires Australia’s Farmsave
Farmers Business Network (FBN), the independent farmer-to-farmer network, has acquired Farmsave Holdings Pty Ltd (Farmsave), an online agricultural inputs platform that provides real-time input pricing transparency and services to thousands of independent Australian farmers.
Headquartered in Perth, Australia, Farmsave gives farmers across the continent access to competitive prices on key farm chemicals from a range of suppliers and arranges delivery of goods directly to local depots and farms, say FBN officials. Currently serving over 5,000 Australian farms, Farmsave boosts farmers’ bargaining power and drives down input costs, say FBN officials.
“We’re thrilled to be working with Farmsave in one of the world’s key agricultural economies,” said Amol Deshpande, CEO and cofounder of FBN, in an FBN news release. “Farmsave’s focus on transparent pricing and putting the power of choice in the hands of farmers aligns perfectly with our values. Together FBN and Farmsave can bring badly needed competition to Australia and help farmers level the playing field in this vital market.”
FBN expects to announce a range of new offerings to Farmsave’s existing members – and all Australian farmers – in the months ahead.
“Both Farmsave and FBN are built on one core principle, which is to give growers the power they deserve,” said Dirk Butter, founder and director of operations at Farmsave, in an FBN news release. “Farmsave has a strong track record in delivering value to farmers and now it’s time to accelerate. By becoming part of FBN’s growing global network, we will be opening up a suite of products to assist with agronomic and operational planning, driving profits to our customer’s bottom line.”
A recent spate of consolidation among global chemical manufacturers and national retailers has resulted in dwindling choice for farmers and inelastic pricing across Australia. With limited independent information sources for chemical prices or trends, farmers have been unable to purchase inputs with confidence, say FBN officials. With this consolidation and a murky economic outlook, more than ever, Australia farmers need to minimize their input costs and maximize return on investment (ROI) for their farms, say FBN officials.
“Farmsave was built in collaboration with farmers for farmers,” Butter said in an FBN news release. “We found the team at FBN shares this vision at an even larger scale, which makes our team excited for the next chapter.”
Terms of the acquisition were not disclosed.