Home Crop Monitoring Farmers Edge set to acquire CommoditAg

Farmers Edge set to acquire CommoditAg

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Farmers Edge introduced at this time that it has reached an settlement to acquire CommoditAg, a web based market for high-quality agriculture merchandise.

The acquisition will permit Farmers Edge to considerably broaden its roster of companies by empowering farmers to buy a variety of agricultural merchandise from trusted suppliers, whereas additionally advancing the corporate’s related digital ecosystem technique, says the corporate.

Underneath the phrases of the deal, anticipated to shut over the subsequent a number of days, CommoditAg will perform as an entirely owned subsidiary of Farmers Edge led by their current management crew.

Based in 2017, CommoditAg combines digital expertise and e-commerce capabilities with agriculture information. The corporate presently has 14 retail distribution companions, with over 500 places, servicing 170,000 prospects, representing a 70-million-acre footprint. The corporate gives a broad portfolio with greater than 200 manufacturers and merchandise from greater than 25 suppliers, together with crop safety, seed, fertilizer, micronutrients, biologicals, agricultural lubricants, animal vitamin, and extra.

CommoditAg presently has over 40 native success centres in 13 states with plans to broaden its footprint to over 75 per cent protection of the US enterprise by the top of 2021.

“We are thrilled to join a company that shares our vision and mission,” says John Demerly, CEO of CommoditAg. “Farmers Edge brings together all parties in the supply chain to the digital ecosystem, so farmers get seamless, transparent, and secure connections to their vendors and trusted advisors. We look forward to growing together, bringing new digital capabilities to the market, and driving innovation that supports our customers’ success.”

CEO and founding father of Farmers Edge, Wade Barnes says “CommoditAg is a trusted marketplace that thousands of farmers rely on every day, and we are incredibly excited to welcome them to the Farmers Edge family. By combining its robust e-commerce solution with the FarmCommand platform, we can deliver a best-in-class omnichannel experience, bring more value to our customers, reach a wider footprint, and accelerate Farmers Edge growth.”

Farmers Edge says {the marketplace} will create new worth for growers and companions, by providing progressive danger administration, grain advertising, and sustainability merchandise, resembling carbon offsets, custom-made for his or her operations.

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