Farmsave
A broker of agricultural chemicals for the broadacre farming market in Australia.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
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Farmsave, established in 2006 by founder Dirk Butter, operated as a managed marketplace for broadacre agrochemicals based in Perth, Australia. The company's primary function was to serve as a cross-border agricultural brokering platform, aiming to reduce chemical input costs for its farmer members. The business model involved enabling farmers to place orders for specific products by brand and quantity. Farmsave would then aggregate these orders to negotiate discounted prices with suppliers and dealers. This approach allowed the company to earn a marginal commission on each completed transaction.
The platform's core offering was an application that allowed users to find quotations and compare prices for agricultural chemicals. By consolidating demand, Farmsave provided a mechanism for farmers to achieve cost savings that might not be available to them individually. The company facilitated the delivery of these goods to rural depots near order clusters, where farmers could then collect their purchases. Before its acquisition, the platform had attracted over 5,000 farmer members across Australia. Farmsave's operations were backed by a seed funding round of $40,000 from the accelerator muru-D in April 2017.
A significant milestone in the company's history was its acquisition by the US-based Farmers Business Network (FBN) on July 21, 2020. This event marked FBN's expansion into the Australian market, leveraging Farmsave's existing network and similar business philosophy. Following the acquisition, the Farmsave brand was discontinued, and its employees transitioned to become the FBN Australia team. The company's Australian Business Number (ABN) was subsequently cancelled on October 28, 2022.
Keywords: agricultural chemicals, agtech, farmer marketplace, crop inputs, farm supplies, procurement platform, price comparison, bulk buying, agricultural procurement, Australian agriculture, farm business, supply chain tech, broadacre farming, agrochemical sourcing, farmer network, cost savings, online marketplace, rural depots, farm inputs, Dirk Butter