Farmers Business Network was founded in 2014 by Amol Deshpande and Charles Baron. After a $300 million funding round pushed the company to a $3.9 billion valuation in 2021, CEO Deshpande told Bloomberg "we're certainly of a scale where we can IPO, without a shadow of a doubt," but said the company has not settled on a firm timeline, adding that "we are always talking about [going public], especially with the market being good, but a 100% of the focus right now is on the core operations of the business." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Farmers Business Network, or FBN, is an agtech platform that allows independent farmers to share data and communicate on a transparent information network. The platform aggregates information about seed and equipment prices, and has partnered with Amazon to build an online marketplace. In 2020, FBN acquired three agtech companies: Farmsave, Cibus, and Haplotech. The company has raised more than $900 million in venture capital funding from investors including Fidelity Management & Research Company, LN Mittal Family Office, Tudor Investment Corporation, BlackRock, T. Rowe Price Associates, and DBL Investors.