In Illinois, Archer Daniels Midland Company and Cargill, Incorporated formed Grainbridge LLC, a technology joint venture intended to provide grain marketing decision support, e-commerce and account management software for North American farmers.
“Farmers can more effectively market grain and improve their profitability using technology and data analytics,” said Roger Watchorn, president of Cargill’s North American agricultural supply chain. “They need digital tools that seamlessly connect their production and cost-of-production data from a variety of sources already used on their farms – but those tools simply aren’t available today. Together, Cargill and ADM’s unique technology capabilities, grain handling operations and years of farm consulting experience allow us to more quickly create the digital tools that will drive efficiency and profitability for farmers.”
This new venture will develop digital tools designed to help farmers consolidate information on production economics and grain marketing activities into a single digital platform, at no cost to them.