March 7, 2019

2 Min Read
Agribusiness Giants Cargill and ADM Team Up in Tech JV
ADM and Cargill are partnering in a joint venture, Grainbridge LLC, that will provide digital solutions for farmers. Image courtesy of Pixabay

American agribusiness firms Archer Daniels Midland (ADM) and Cargill are teaming up in a new joint venture, Grainbridge LLC, that will create a digtial platform to provide farmers in North America with information on production economics and grain marketing.

The companies announced Monday that the transaction forming the joint venture closed, allowing the newly-created business to commence work on the development of the technology. Grainbridge will produce a range of digital offerings, including tools that offer support for grain marketing decisions, e-commerce solutions, and software for account management. 

“We’re thrilled to launch GrainBridge, and begin the roll out of our technological solutions for farmers this summer,” the joint venture’s chief executive officer, Mark Frank, said in a press release. “Since we announced this venture last fall, we’ve been talking to farmers across the country, and it’s clear that people who grow our food are themselves hungry for technological solutions to help increase their efficiency and profitability.”

Grain companies, grain buyers, and technology and data providers can also join and use the open platform to provide farmers with information. The joint venture plans to use a number of measures to protect customer data and privacy of the platform’s users, according to Grainbridge. 

The new business is headquartered in Omaha, NE. Cargill and ADM did not reveal the terms of joint venture. 

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