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Russell Nemetz Farmer Business Network Helping Growers Maximize Profits
by Russell Nemetz, click here for bio

Program: Land & Livestock Report
Date: June 14, 2019

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There's a new tool called the Farmers Business Network available for farmers to help minimize operating costs and maximize profitability which is always important but especially in challenging economic times like we're seeing right now in farm country.

Charles Baron is co-founder of the Farmers Business Network and says FBN is now helping over 8,000 farmers in both Canada and the United States. He says one of the biggest things they've done which applies to almost every crop in every region is provide price transparency.

"Every grower has got to buy seed and chemicals and fertilizers and other primary inputs. And the challenge of those markets when you go to buy is that those prices are not often openly published or shared with farmers" said Baron. "So, it makes shopping around a challenge and it prevents the amount of competition that farmers should expect for their business. So, what FBN does and allows growers to actually share prices together they can share invoices and they can see what other farmers are paying around the country. They can see what other farmers are paying in their region. And then we actually have an e-commerce platform."

To learn more about the Farmers Business Network, visit www.fbn.com.

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