Blue Diamond AlmondFacts SepOct 2023_web

CORNERING THE MARKET

Reducing Farm Production Costs through the Grower Connect Marketplace

In the face of skyrocketing farm production costs, it has become imperative for Blue Diamond Growers to take proactive measures to help our growers remain profitable. The increasing pressure brought about by rising input costs threatens the financial stability of our growers. According to Market Insider , the cost of agricultural inputs, including seeds, fertilizers, pesticides and machinery, has been steadily increasing over the past decade. Since 2019 production costs have increased approximately 20%, a trend that is likely to continue. To address this challenge, our corporate procurement team is poised to launch the innovative Grower Connect Marketplace (GCM). This groundbreaking marketplace aims to reduce farm production costs by leveraging the collective buying power of like-minded cooperatives and

utilizing group purchase organizations to negotiate the best terms. The primary objective of the GCM is to provide a platform where growers can access a wide range of products and supplies at competitive prices. By consolidating the purchasing power of multiple cooperatives, we will be able to negotiate better deals with suppliers, resulting in cost savings for our growers. Additionally, our website and mobile application have been designed to provide a user- friendly experience, ensuring convenience and ease of use for growers when procuring their required inputs. We are excited to announce that a soft launch of the GCM is scheduled just in time for our annual meeting on November 15th, 2023. This soft launch will allow our team

This is a design draft of the GCM website, which will look similar to the above.

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ALMOND FACTS

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