A Silicon Valley startup is pitting itself against major seed companies, alleging that those companies are price gouging in the Heartland. Farmers Business Network鈥檚 stated motive is to help farmers by crunching numbers and providing transparency, but it is positioning itself to become a player in the seed business, too.
In the age of endless comparable-pricing data, row-crop farmers can鈥檛 turn to the internet to find who is selling the cheapest seeds, something that can easily cost tens of thousands of dollars for large operations.
This is where Farmers Business Network comes in. Farmers pay FBN between annually, and send in seed invoices and precision ag data like crop yields and crop performance. In return, FBN aggregates members鈥� information to show how much certain seeds and other inputs, like fertilizer, are selling for all over the country. It also highlights how well crops are growing in particular states or counties.
Large ag companies like John Deere and Bayer already mine some of that data from farmers, though it isn鈥檛 clear how all of it is used.
FBN claims one thing is clear from the nearly 8,000 members who farm more than 31 million acres in the U.S. and Canada: There are major discrepancies in ag chemical prices and region-wide fluctuations for seed prices.

FBN鈥檚 head data scientist Matt Meisner called this 鈥渮one pricing,鈥� where the exact same seeds from a certain parent company were reliably more expensive in high-yield areas like central Illinois and northern Indiana.
鈥淵ou know, we expected there to be differences. I think we were surprised at the magnitude and the impact it has on the growers,鈥� he said.
Harvest Public Media couldn鈥檛 independently confirm FBN鈥檚 claims, as the company wouldn鈥檛 provide a statistically significant amount of its members鈥� seed-pricing data. FBN said it wanted to keep its members鈥� data secure.
Harvest also reached out to the companies at the top of the seed chain that FBN points to for alleged zone pricing: Bayer, Corteva Agriscience, Syngenta and AgReliant Genetics. Bayer responded in an email without specifically addressing questions about 鈥渮one pricing,鈥� instead generally listing things it offers beyond just seeds and chemicals, like 鈥渆lite genetics,鈥� seed treatments and technical support.
鈥淓ach year we gather farmer and dealer feedback about our products to understand how we can serve them better,鈥� Bayer said. 鈥淥ur goal is to understand grower needs and develop a portfolio of products and solutions that provide greater choices in seeds and traits that deliver with the highest performance and yield potential to support greater farmer profitability.鈥�
Others, like Corteva and Syngenta, referred Harvest to the American Seed Trade Association, which advocates for seed retailers around the nation.
As it turns out, ASTA also represents Farmers Business Network.
ASTA President and CEO Andy LaVigne said he hadn鈥檛 seen FBN鈥檚 data on zone pricing, but noted that seed pricing is complex. It changes depending on the time of year farmers buy seed, how much they buy and what protection plans they purchase.

That doesn鈥檛 fully address FBN鈥檚 allegations that farmers in specific high-yield regions pay more for the same seed varieties, though.
But trust 鈥� in a local dealer or major seed company 鈥� means something, LaVigne said.
鈥淭hat seed company is evaluated by that farmer every single harvest. And if they鈥檙e not delivering, that farmer is going to go somewhere else 鈥� there鈥檚 good relationships out there for generations,鈥� he said.
Farmers have the right to ask their seed companies for more transparency, LaVigne said, 鈥渁nd I think seed companies will be ready to have that conversation. You know, as I鈥檝e talked to them and they realize that as farmers are getting additional information. I guess I don鈥檛 see this as that unusual of a situation.鈥�
The trust issue
Former FBN data scientist Nick Fabina said he wasn鈥檛 surprised that the company wouldn鈥檛 share member data with Harvest Public Media.
鈥淔BN is very careful with how they handle farmer data because it鈥檚 just so important to farmers,鈥� said Fabina, who was with FBN from its launch in 2014 through 2016. 鈥淭here鈥檚 a lot of financial information in there, there鈥檚 a lot of personal information.鈥�
Fabina said that, at the beginning, many of the employees had agriculture backgrounds and farmers鈥� best interests at heart. But the company has grown significantly from the handful of people working in a garage: It now has more than 100 scattered across the United States.
It also has financial backing to the tune of hundreds of millions of dollars from big-name investors like T. Rowe Price, GV (formerly known as Google Ventures) and Temasek Holdings, owned by the government of Singapore.
Plus, FBN is jumping into the business it is trying to disrupt, selling seeds under the brand F2F Genetics Network. It has plans to grow that side of the business, raising questions whether farmers will be able to trust the accuracy of its seed-pricing reports.

Farmer Aaron Phipps has been an FBN member for three years and said he still stands behind the company because he said the information has been solid so far and helps him bargain with his local suppliers.
鈥淭he marketers know everything and we know nothing,鈥� said Phipps, who farms in eastern Illinois about two miles from the Indiana border. 鈥淲e鈥檝e got no point of reference when we go into negotiate with suppliers, and say 鈥楬ey, this is where the market鈥檚 at.鈥� We had no clue.鈥�
Armed with data from FBN, Phipps said he told his local chemical supplier that he was paying more for some items than FBN showed was average, 鈥渁nd oddly enough, that was the first year that my chemical bill wasn鈥檛 10% to 15% more than I thought it was going to be.鈥�
As Farmers Business Network continues to expand its membership and offerings, Phipps is concerned that, eventually, it could be bought by one of the major agribusinesses it criticizes.
鈥淏ecause then I no longer feel that they鈥檙e independent enough to make good decisions off of,鈥� he said.
But, he added, if that happens, something will likely replace it.
鈥淚 think now that we鈥檝e seen what can be done,鈥� he said, 鈥淚 think that the genie is out of the bottle and you can鈥檛 stuff this toothpaste back in the tube.鈥�
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