CHS Inc. on Aug. 6 announced a new agreement with agricultural e-commerce business AgVend, Austin, Texas, that will allow CHS wholesale crop protection customers to place orders, view transaction and invoice history, and reorder on the AgVend platform.
The initial launch of the partnership is planned for September 2024 and will focus on crop protection products, but CHS said it plans to expand the experience into other agriculture and energy products, including crop nutrients, propane, refined fuels, and lubricants.
“This collaboration makes sense, as many of our wholesale customers already use AgVend as a business partner and see value in the solutions they provide,” said Gary Halvorson, Executive Vice President, Enterprise Customer Development, at CHS. “These customers have also expressed how much they value their connection with CHS and have encouraged us to find ways to collaborate with AgVend.”
As part of the collaboration, ag retailers using producer financing programs from CHS Capital will also soon be able to see loan information, including balances and related details, in the AgVend platform. Since launching their first platform in 2020, AgVend’s technology is used by more than 25% of the North American ag retail market.
“Our collaboration with CHS marks the introduction of a new product suite designed to enable distributors, manufacturers, and other third parties to offer their AgVend Network customers an easier way to do business,” said Alexander Reichert, AgVend CEO and Co-Founder. “We are thrilled to collaborate with CHS, which shares our vision of how digital connectivity can create a more dynamic and resilient ag supply chain.”