Bushel
👤 Jake Joraanstad (Fargo mobile-app founder with Ryan Raguse. Built a scale-ticket app for one co-op, saw grain ran on paper, pivoted to Bushel.)🌐 site𝕏LinkedIn
A Fargo app agency built one grain-elevator app, then became the software running half of North America's grain trade.
Will it work? · our read
Half the grain. Revenue is undisclosed, and the grain majors that use Bushel also fund it — Cargill, The Andersons, Scoular. The network moat is real; the independence is not.
01How the money moves
A co-op or elevator puts its growers on Bushel
→
Farmers get tickets, contracts, balances — free
→
The facility pays for software and payments
02The numbers
50%+ of US/Canada grainStatedrevenue never disclosed
2025
Facilities pay; farmers use it free. Bushel already spans half of North America's grain, and the 90% of ag payments still on paper is the next thing it charges for.
Private and VC-backed; grain facilities pay for software and payments. Bushel has never published revenue; the grain-share figure is its own.
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See a full teardown, free → ImportYetiSourcesSources last checked 30 July 2026
Bushel updates payments platform (2025) — company: 3,500+ facilities, 50%+ of US/Canada grain, 100,000+ farmers.AgFunder: Jake Joraanstad on 10 years of agtech — the 'nobody wants to be the plumber' strategy.AgFunder: Bushel payments network — roughly 90% of ag payments still on paper checks.Bushel raises $26M (2023) — round led by Banc Funds; Cargill, The Andersons, Scoular invested.Agweek: Myriad Mobile becomes Bushel — the app-agency-to-grain pivot.
Revenue was never disclosed, so verified is false. The headline is Bushel's own 2025 claim — over 50% of US and Canadian grain origination, 3,500+ facilities, 100,000+ farmers (bushelpowered.com), sourced STATED, first-party but not audited. I opened every cited page and matched the figures. Bushel is private and VC-backed; its 2023 $26M round (led by Banc Funds) included the grain majors it serves — Cargill, The Andersons and Scoular. No first-party revenue dollar figure exists; I used no Latka/Growjo estimate as the headline. The 90% paper-check figure is Jake Joraanstad's, via AgFunder. We never score you.