MEMPHIS, Tenn., October 3, 2017 – The Seam, a leading provider of agribusiness software and trading solutions, today announced the launch of new business intelligence tools to provide peanut farmers and handlers with actionable data for changing or improving practices both on and off the farm.
Instant grading and inspection information is now available to peanut farmers through automated text messaging and includes foreign materials, grade, moisture levels and other attributes. A new online Producer Portal provides access to graphical metrics and more detailed intelligence, including inspection certificates, contract documents, farm purchase reports, electronic warehouse receipts and so forth. This technology, which is the first of its kind in the peanut industry, comes at the optimal time with this year’s historic-sized crop.
“Just as businesses rely on instant, meaningful data for making sound decisions, so do farmers,” said Mark Pryor, Chairman and CEO at The Seam. “This technology provides the insights needed to quickly adjust practices ‘on-the-spot’ for increasing efficiency and value, thereby saving time and money. We’re excited to get this software into the hands of more producers and handlers, as it pushes us another step toward our mission of investing in the industry, providing modernization to agriculture and being a truly collaborative partner to our customers.”
The new business intelligence tools were added to The Seam’s Peanut Commodity Management Platform, which was released a year ago. This web-based platform provides purchasing, inventory management, logistics, receipting, document digitization and more, while integrating with USDA and other industry systems and organizations.
By the numbers:
- 5: the number of shelling plants using the platform.
- 42: the number of peanut buying point customers in Alabama, Florida, Georgia and North Carolina.
- 100s: The number of SMS text alerts being sent daily to farmers with real-time, actionable data.
- 1000s: the number of producers the software is currently available to.
- 1,000,000 tons: the amount of farmer stock peanuts The Seam is anticipating to process through its platform during this year’s historic harvest.
About The Seam
The Seam was founded by leading global agribusiness companies and specializes in commodity trading and management systems. In December 2000, it began operating the world’s first online, anonymous exchange for cotton trading. Since that time, the company has leveraged its software and application development expertise in agriculture to expand into other commodity segments, including peanuts, cocoa, grains and dairy. As a proven leader in the agritech and fintech space, The Seam has cleared or processed more than $8 billion through its platforms. For more information, visit www.theseam.com.