MEMPHIS, Tenn., March 10, 2020 – The Seam, a leading provider of commodities trading and agriculture software solutions, today announced the general release of the U.S. Cotton Trust Protocol, an integrated technology platform that allows U.S. cotton farmers to assess and verify production practices, environmental footprint and measurement of progress toward long-term sustainability goals.
The Trust Protocol was initiated by the National Cotton Council, which represents all U.S. cotton industry segments, including producers, ginners, warehousing, merchants, cooperatives, manufacturers and cottonseed. The Seam was named technology partner of the initiative in November 2018 by the National Cotton Council and the COTTON USA Sustainability Task Force. Mark Pryor, Chief Executive Officer at The Seam, was also named to the inaugural Board of Directors of the Trust Protocol in December 2019 as an advisor.
“We are honored to play a role in the development of technology that fuels the overall mission and message of U.S. agriculture sustainability,” said Pryor. “Working with the National Cotton Council, our goal was to provide a farmer-friendly platform for the cotton industry that promotes economic and environmental stewardship through quantifiable metrics and insights. We look forward to expanding our platform to other agricultural crops, including peanuts and soybeans, in the near future.”
Approximately 300 U.S. cotton producers have enrolled in the platform pilot that began in June 2019. The general release, which launches in April for the 2020 crop, will include a new bale registration and verification process that links actual cotton production to the sustainability profile of the grower. As a qualified data management partner with Field to Market, The Seam has also developed a new integration module for the Fieldprint® Platform, which allows science-based metrics and outcomes within a unified experience.
Through robust data metrics, analysis and insights, the Trust Protocol adds confidence and transparency throughout the supply chain – ensuring U.S. cotton remains the responsible choice for textile manufacturers, brands and retailers.
“The Seam has played a key role on the technology side of developing the U.S. Cotton Trust Protocol, a program designed to confirm and increase awareness of the fact that U.S. cotton producers are farming responsibly and striving for continuous improvement,” said Ken Burton, the Trust Protocol’s executive director. “The Seam helped immensely in the development of the Trust Protocol, and the company continues to refine the way data is utilized within this industry-leading initiative.”
About the U.S. Cotton Trust Protocol
The Trust Protocol, a collaborative effort of the U.S. cotton industry, is a new standard developed to foster a further awareness and reduction of U.S. cotton’s environmental footprint by enabling producers to assess their performance against specific sustainability goals. The Trust Protocol is governed by a multi-stakeholder board comprised of producers, ginners, merchandisers, cooperatives, textile manufacturers, retailers, conservation and civil society organizations, technical and agronomic scientists. For more information, including how to enroll, visit TrustUSCotton.org.
About The Seam
Based in Memphis, Tennessee, The Seam was founded by leading global agribusiness companies and specializes in commodity trading and agriculture software solutions. In December 2000, it began operating the world’s first online exchange for cotton trading. Since that time, the company has leveraged its trading and agriculture technology expertise to expand software services into other crops, including peanuts, soybeans, grains and dairy. As a proven leader in agtech, The Seam has cleared or processed more than $9 billion through its platforms. For more information, visit www.theseam.com.