Perth, Australia and San Carlos, Calif. — Farmers Business Network (FBN), the independent farmer-to-farmer network, announced its acquisition of 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. Currently serving over 5,000 Australian farms, Farmsave boosts farmers’ bargaining power and drives down input costs.
FBN expects to announce a range of new offerings to Farmsave’s existing members – and all Australian farmers – in the months ahead.
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. 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.
Terms of the acquisition were not disclosed.