Frequently Asked Questions
GrainBridge will create a digital grain marketing platform that combines individual production, economic, and grain account data with an electronic marketplace for improved decision support in one simple and convenient tool.
GrainBridge’s legacy software product will be accessed in the same manner it is today. If changes are made, users will be promptly notified.
No. This joint venture was created with you, the farmer, as the focus. Success in the ag industry begins with success on the farm, and both ADM and Cargill are committed to bringing tools and information to you, so you can be more efficient and make faster, better decisions.
Make no mistake, ADM and Cargill are still competitors, and ADM and Cargill will continue to compete vigorously, with each other and other grain buyers to purchase grain. The joint venture will focus on innovative technology for the farmer.
The joint venture will create digital tools that will consolidate and simplify your production grain farming information. From input costs to production data to contract management and “what-if” scenarios that can help you make better grain marketing decisions based on your unique situation, the joint venture is solely focused on increasing farmer profitability.
With significant experience and depth of working along the grain supply chain, both companies will bring their respective historical insights to the digital application. This will help you visualize opportunities to sell for higher profits.
No. This technology will be designed to aggregate information for you, not share it with either company. Only you will see your account information. Neither Cargill nor ADM, nor any other partner or participant, will have access to any customer’s information that they are not already providing.
GrainBridge, LLC will focus on grain marketing information consolidation, basic transaction functionality and decision support. The evolution will largely depend on what the market demands to determine how comprehensive this platform may become.
The joint venture’s online tools will provide the convenience of transactional information including grain sales, deliveries and payment information from ADM and Cargill in a single platform. Your ADM and Cargill representatives can help inform you in how to use new application developments to your best advantage.
The new applications will be most attractive to U.S. farmers who sell to ADM, Cargill and any other participating grain business. However, all farmers will be able to access the application.
The platform will be offered to farmers at no cost.
The data accessed through the GrainBridge platform will be between the company providing it and the customer receiving it. The customer will control whom else has access to their data.
The first digital application from GrainBridge will provide three areas of information to farmers: account management, e-commerce and decision support.
Account management will provide secure and private access to contracts, scale tickets and payment information. E-commerce will allow farmers to enter into and maintain their grain contracts. The decision support tool will provide information, such as changing break-even levels, price targets, total current grain and risk management positions, and more.
Year after year, many farmers miss the best opportunities to make grain marketing decisions that would result in higher profit margins. This new technology will provide a system that seamlessly connects dynamic production agriculture with markets to help farmers easily visualize higher profit opportunities.
The new technology platform will paint a clear picture of the personalized costs involved with growing a crop, dynamic production estimates, and available market opportunities to best help farmers decide when and how to sell grain.
Despite the number of technologies available in agriculture, there is no single tool available to improve grain marketing to the extent we believe is possible. In short, new tools in the marketplace have been exciting, but haven’t gone far enough, fast enough, to truly help farmers. Both ADM and Cargill have the resources and shared vision to change that.
In the industry, there is no shortage of data or technology available. However, there is no one solution that can provide farmers aggregated data and insights that can drive smarter, more sound grain marketing decisions. That’s why GrainBridge, LLC will be inviting other grain businesses to participate in the development and delivery of this new technology to their respective customers.
By building off the current GrainBridge legacy platform and talent, as well as the long-standing relationships ADM and Cargill have with their customers, the joint venture will be able to offer more complete, modern and holistic technologies faster than it would by using outside technology.
No. GrainBridge will provide a digital platform that will provide access to a user’s transactional information, such as contracts and scale tickets — from ADM, Cargill and other grain companies — but the customer data will only be accessible by the company that provided it.
GrainBridge is committed to bringing more and better information and opportunities to farmers. Therefore, we need to include other grain originators in the efforts of the joint venture.
When it is ready, yes. However, we are actively inviting participants to join us now as GrainBridge, LLC starts this new phase.
The platform will be available to grain buyers and originators in multiple ways, including license.
We expect to have those details available upon closing of the deal.
GrainBridge, LLC will provide the necessary security confirmations to ensure you are satisfied with the information you may be providing through this platform.
There will be materials available to share with your customers if you choose to join GrainBridge, LLC.
We’re excited to talk with you and explore opportunities for your company to participate in GrainBridge, LLC. However, we need to hold off on detailed discussions until after regulatory approvals are received and the deal closes.
The transaction is subject to regulatory approval and is expected to close in the next few months.
GrainBridge will be a joint venture initially formed and funded by ADM and Cargill that will focus on innovative technology to give farmers the power to make better grain marketing decisions and improve overall farm profitability.
Farmers rapidly adopt technology that brings efficiency and value to their business. Until now, though, technology has offered few advancements in improving how farmers make selling decisions, or execute those decisions. ADM and Cargill believe that attempts to do so have not progressed far enough or fast enough, and that GrainBridge can have a meaningful impact on farmers’ success.
This will initially be a 50-50 joint venture, owned by ADM and Cargill. It will be managed by a board of directors, equally split between ADM and Cargill appointees.
Upon closing, pending final regulatory approvals. We expect that final approval to happen within the next several months.
More information is available from your ADM or Cargill representative, and at ABetterGrainFuture.com.
GrainBridge, LLC will be inviting other grain companies, including co-ops, to utilize the new GrainBridge software, further increasing simplicity and convenience for you.