— Midwestern BioAg has completed a $15 million funding round, according to a recent filing with the Securities and Exchange Commission.
Earlier this year, the Madison-based agriculture company announced a partnership with General Mills in which MBA would provide mentorship to farm operators on “leading regenerative soil management practices” like crop rotation and other strategies.
This fits into a project from General Mills to transform 34,000 acres in South Dakota into an organic farm by 2020. The property, Gunsmoke Farms, is owned by global investment company TPG.
As part of the partnership, MBA is providing skills-based education “which will serve as a regional educational hub for farmers to learn how to implement organic and regenerative agriculture practices,” per a release from General Mills.
MBA provides a full-farm management system which includes products to re-enrich soil with minerals important for growing crops. The company sells these products in 29 states and 3 Canadian provinces.
General Mills announced in 2016 a similar partnership with Wisconsin-based Organic Valley, the largest organic co-op in the country.
See the SEC filing: http://www.sec.gov/Archives/edgar/data/1612631/000161263118000009/xslFormDX01/primary_doc.xml
See more on the partnership: http://www.generalmills.com/en/News/NewsReleases/Library/2018/March/organicacreage
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