The Seam announced today that Coastal Growers and Tifton Peanut Company have entered into multi-year agreements for its cloud-based, peanut management platform.
Owned by a cooperative of farmers, Coastal Growers is building a new 400,000-square-foot, state-of-the-art peanut shelling operation in Atmore, Alabama, slated for completion in 2022. State officials said the $87 million project will create more than 150 local jobs. Six buying point affiliate organizations will begin utilizing the platform beginning with the approaching harvest.
Tifton Peanut Company, which maintains five shelling, warehousing, buying point and seed treatment locations across Tifton, Georgia, has also signed on with The Seam for operations specific to plant number 4.
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.
Delta Peanut selects The Seam Commodity Management Platform for U.S. operations
MEMPHIS, Tenn., July 18, 2019 – The Seam, a leading provider of trading and agribusiness software solutions, today announced that it will be working with Delta Peanut, LLC, a new peanut shelling operation based in Jonesboro, Arkansas, and the first shelling facility to open in the area in more than 50 years. The company has entered into a multi-year agreement with The Seam and its peanut commodity management platform.
The Seam’s platform is designed with foundational technology such as document digitization, real-time data for decisioning and embedded integrations with the United States Department of Agriculture (USDA) and Federal-State Inspection Service, among others.
“Launched in 2016, our cloud-based platform has been transformational for participating shelling organizations, buying point businesses, manufacturers and peanut farmers,” said Mark Pryor, Chairman and CEO at The Seam. “We are thrilled to have Delta Peanut join our expanding ecosystem. With a state-of-the-art shelling operation right in our backyard, there are immense opportunities to collaborate and innovate further.”
