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Company News

The Seam Joins AgLaunch for Its 2020 Virtual Field Day

The uncertainty and volatility of a global health crisis has further heightened the hardships of the agriculture world, the ramifications of which are being felt at the farm gate and in under-resourced communities.

That said, struggle often leads to innovation, and there is a unique chance for farmers to pursue new opportunities.

The 2020 AgLaunch VIRTUAL Field Day highlighted the farmers, entrepreneurs and communities that are working together to make the agricultural value chain more sustainable and resilient, while also demonstrating that a strong network of farmers is positively impacting rural and urban communities from health care to education.

The Seam was honored to take part in this event, and our CEO Mark Pryor spoke on agtech, focusing on traceability, transparency and sustainability throughout the industry.

Watch the video below. Mark’s segment begins at 34:25.

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Company News

A Tribute to Joe Tubb of PCCA

Among Joe Tubb’s many professional accomplishments is his contribution to The Seam. We are incredibly grateful for his collaboration, mentorship and support in helping to shape our company into what it is today.

Take a look at this excerpt from PCCA. We wish you all the best in retirement, Joe!

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Peanuts

APSA 2020 Pre-Harvest Meeting Recap

The 2020 Pre-Harvest Meeting, conducted by the American Peanut Shellers Association and the National Peanut Buying Points Association, was held Wednesday, August 12. While the format was forced to go virtual this year, attendees were still presented with great information on a wide range of industry topics.

Congressmen Austin Scott (R-GA) and Drew Ferguson (R-GA) shared a few insights from the Hill, including an update on future relief packages and upcoming hearings on support programs for growers, as well as an update on trade.

Karl Zimmer (CEO, Premium Peanut) spoke about the impact of aflatoxins on peanuts and the effects on international trade. Aflatoxins are causing increased issues with trade into the EU, with a higher percentage being tested now due to not meeting the EU aflatoxin specs. Japan also reported issues with not meeting specs. This is causing a $120 million impact to the peanut industry, or an impact of $84/acre, as exports account for 25% of the peanut sales. Zimmer also spoke on the efforts of the Aflatoxin Task Force to counter the effects on trade and further aflatoxin research.

Attendees also heard from brands, including Jif and Hershey’s. New information and insights were provided on sustainability and the impact of aflatoxin from the brands (see below).

The annual meeting was rounded out with a crop update from each producing state and an update from The Peanut Institute.

The Seam is proud to be a longstanding member of the American Peanut Shellers Association, the National Peanut Buying Points Association and many other organizations that are working tirelessly to move the industry forward.

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AgTech

Beyond TP and Sanitizers: Why a Virtual Exchange Platform Serves the Food Industry Year Round

Just because it felt like 40 days of blizzard shopping during the pandemic stock-up this spring doesn’t mean that blizzards won’t send shoppers scrambling again to empty store shelves. And don’t forget hurricane season is here, along with back-to-school season and autumn rife with concerns about ongoing spread of COVID-19. In short, the food industry needs to prepare for any eventuality.

The new Food Industry Exchange, an electronic, subscription-based sustainable marketplace developed for FMI-The Food Industry Association powered by The Seam is a valuable tool in shoring-up supply chains in anticipation of disruption. The Food Industry Exchange launched during the early weeks of the pandemic, when demand at retail was swelling and foodservice vendors were faced with high levels of supplies. Since then, the platform has addressed the urgent needs of retailers, wholesalers, suppliers and, ultimately, consumers.

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Company News

Commodity Futures Trading Commission Technology Advisory Committee Holds 2020 Meeting

The Commodity Futures Trading Commission is hosting its Technology Advisory Committee (TAC) public meeting via phone conference July 16, 2020 at 10:00 a.m. At this meeting, the TAC will hear presentations from the TAC subcommittees on automated and modern trading markets, distributed ledger technology and market infrastructure, virtual currencies and cybersecurity. The TAC meeting agenda includes key issues that will be discussed and the speakers for each panel.

The Seam CEO Mark Pryor will be presenting Thursday at the Technology Advisory Committee (TAC) public meeting of the Commodity Futures Trading Commission (CFTC). As a Distributed Ledger Technology (DLT) sub-committee member, Mark will join Shawnna Hoffman, Global Cognitive Legal Leader, IBM, and Yesha Yadav, Professor of Law, Vanderbilt University Law School as lead participants.

Viewing/Listening Instructions: Watch the live webcast (including audio) at www.cftc.gov. To listen to the live audio feed (no video), call the toll or toll-free numbers below. Call-in participants should be prepared to provide their first name, last name, and affiliation.

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Company News

The Seam Announced as Field to Market’s Newest Technology Partner

Field to Market’s Sustainability Metrics and Algorithms Now Integrated into The Seam’s Software Solutions

Field to Market

MEMPHIS, Tenn., June 18, 2020 – The Seam, a leading provider of food and agriculture software solutions, today announced its approval as a Qualified Data Management Partner with Field to Market: The Alliance for Sustainable Agriculture, completing an integration of sustainability metrics powered by Field to Market’s Fieldprint® Platform into The Seam’s latest technology suite. As the Alliance’s newest technology partner, The Seam now offers farmers a unified solution for measuring their sustainability performance and operational efficiency.

This integration is made possible through Field to Market’s Fieldprint Application Programming Interface, which connects sustainability metrics and algorithms from the Fieldprint Platform directly into The Seam’s software solutions, allowing farmers to assess the environmental performance of their management practices against regional, state and national benchmarks for key sustainability indicators.

“We are proud to be recognized as a Qualified Data Management Partner by Field to Market,” said Mark Pryor, Chief Executive Officer at The Seam. “Through this integration, we can provide producers with enhanced, science-based tools that are simple and streamlined for continuous, overall improvement in sustainable farming.”

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Company News

MBJ Straight Talk: The Food Supply Chain

The food supply chain was the topic of the latest edition of the Memphis Business Journal‘s weekly Straight Talk webinar series.

Panelists included Rick James, owner of the local Cash Saver grocery stores; Dr. Ernest Nichols, associate professor in the Department of Marketing & Supply Chain Management at the University of Memphis; and Mark Pryor, CEO of The Seam, a leading provider of commodities trading and agriculture software solutions. The series is moderated Meagan Nichols, MBJ’s managing editor.

The following is an excerpt from the MBJ:

Nichols said that even slight bumps to the chain can affect the whole industry.

Pryor’s company, The Seam, along with The Food Industry Association (FMI), established the Food Industry Exchange, launched in early May, to address such issues.

“The problem that was needing to be solved is the supply chain disruption,” Pryor said. “We had suppliers with excess capacity because the schools are closed. Restaurants are closed. There [are] no sporting events. There are no events in general, and you’d had perishable products and things like that, and no home for it.

“And then on the flip side, you had retailers like Rick [James] saying that the shelves were getting bare in certain cases because of the run on the stores for various things, and people were stockpiling,” Pryor continued. “So, what was needed was a platform to digitally introduce suppliers — the sellers — with buyers — the wholesalers and retailers that have certain needs. So, it’s actually a two-way marketplace.”

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Company News

Cotton Industry Veteran Joins The Seam to Direct Operations, Projects

MEMPHIS, Tenn., June 3, 2020 – The Seam, a leading provider of commodities trading and food and agriculture software solutions, today announced the appointment of Bill Turner as Director of Project Management and Operations. Turner reports to Mark Pryor, Chief Executive Officer at The Seam.

“We are excited to have Bill on board our growing team, as we engage and expand our work in various agricultural sectors,” said Pryor. “Bill brings an incredible amount of experience and knowledge to the company, with more than 35 years in the cotton merchandising industry. We look forward to his continued success on behalf of our customers and industry partners.”

As Director of Project Management and Operations, Turner is responsible for supporting and enabling The Seam’s projects, programs and structured work efforts, including customer service. He also works in collaboration with the information technology and marketing teams to ensure alignment on deliverables and strengthen business development initiatives.

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AgTech Company News

FMI and The Seam Partner to Create Digitized Food Supply Chain Platform

Food Industry Exchange sponsored by FMI powered by The Seam launches

MEMPHIS, Tenn., May 6, 2020 – FMI—The Food Industry Association and The Seam, a leading provider of commodities trading and agriculture software solutions, today announced the launch of the Food Industry Exchange sponsored by FMI powered by The Seam. The sustainable marketplace was created to immediately address the urgent needs of retailers and wholesalers by showcasing products and services available in a digital space and on an ongoing basis.

The primary purpose of the platform is to bring vast efficiencies to the food supply chain, while also serving as a critical tool in times of need. Retailers requiring additional resources to fulfill needs at grocery stores, are connected with sellers that have capacity of products, transportation services, labor, and warehousing services.

Not only specific to the COVID-19 pandemic, the platform also fills long-term needs of FMI retailers/wholesalers for product discovery and procurement now, in future times of disruption and in good, blue-sky days.

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AgTech Company News

Forbes Technology Council Pros Predict the ‘Next Big Thing’ in Cybersecurity and Encryption

Our CEO, Mark Pryor, shared his insight into what’s ahead in cybersecurity and encryption. Here’s what he had to say to the Forbes Technology Council:

“Fueled by the rise of distributed applications, new advancements in encryption technologies allow private data to be stored on public, decentralized networks. Exciting developments in proxy re-encryption (PRE) make this possible, and usability is critical. Data owners can grant or revoke access to their encrypted data without having to worry about the complexities of encryption and key management.”

Read more via Forbes.