WINNIPEG, MB, May 25, 2021 /CNW/ - Ag Growth International
Inc. ("AGI" or the "Company") (TSX: AFN) is pleased to announce the
signing of a partnership agreement with Bushel, Inc
("Bushel"). Headquartered in Fargo,
North Dakota, Bushel is a leading provider of software
technology solutions for growers, grain buyers, ag retailers,
protein producers, and food companies.
Bushel provides customers with solutions including the
automation of weigh scale tickets issued by grain elevators. In
addition, the Bushel platform automates the contracts and
settlements required to complete grain sales. These key
functionalities will be added to the AGI SureTrack® platform to
extend its capabilities, adding critical automation to ensure
seamless, accurate, and transparent transactions between buyers and
sellers of grain. In addition, AGI will have the opportunity to
leverage Bushel's strong relationships that include more than
60,000 farm-level users as well as 2,000 commercial-level
grain facilities who use the Bushel platform today.
"Our AGI SureTrack® customers will benefit greatly from our new
partnership with Bushel," stated Tim
Close, President & CEO of AGI. "The increased
functionality that Bushel brings to AGI SureTrack® will help
streamline key post-harvest grain selling and purchasing
activities, bringing a new level of automation to activities that
are commonly performed manually. The integration of weighing data
from scale tickets created at grain elevators into AGI SureTrack's
Grain Marketplace ecosystem is a significant extension of our
current capability and will be a major source of value for our
customers. We look forward to working with the entire Bushel team
to advance our exciting technologies."
"At Bushel, we value the strength in partnerships and
collaboration to unite market-leading solutions to create
better value for our customers," noted Jake
Joraanstad, Bushel CEO & co-founder. "Our connection
provides the critical grain sales data needed to reduce manual
entry and save time during the busiest times of the season.
Commercial grain facilities will have to field less phone calls as
all parties will have clear visibility to what was purchased
and sold. With privacy controls built-in, growers have the
opportunity to manage how their data is seen and shared with grain
facilities."
Bushel's platform reaches 40% of grain origination in
the United States, resulting in
one of the largest technology network effects among growers and
grain buyers in the U.S. today. Within Bushel's ecosystem, $22
billion of grain is contracted annually.
Bushel Company Profile
Bushel is an independently
owned software company and leading provider of software technology
solutions for growers, grain buyers, ag retailers, protein
producers, and food companies, headquartered in Fargo, N.D. Since launching in 2017, Bushel's
platform has grown rapidly, now powering nearly 2,000 grain
facilities across the U.S. and Canada with real-time business information for
their producers. Monthly, 60,000 producers utilize Bushel products
and services. Bushel is focused on building the digital
infrastructure that empowers the agriculture supply chain
with innovative software products and solutions.
AGI Company Profile
AGI is a provider of solutions for
the global food infrastructure, including seed, fertilizer, grain,
feed, and food processing systems. AGI has manufacturing facilities
in Canada, the United States, the United Kingdom, Brazil, India, France, and Italy and distributes its product
globally.
SOURCE Ag Growth International Inc. (AGI)