ForFarmers

What ForFarmers does

ForFarmers N.V. is a publicly listed European animal feed company headquartered in Lochem, Netherlands (Euronext Amsterdam: FFARM), operating compound feed mills and complementary feed production across the Netherlands, Germany, Poland, and the United Kingdom, with a workforce of approximately 2,900-3,000. The company develops and produces compound feed (mengvoer), young animal feeds, specialty feeds, liquid co-products, raw materials, seeds, and fertilizers, complemented by advisory services covering nutrition, animal husbandry, and farm business development, plus digital tools (on-farm data management, MyForFarmers portal) for goal-setting, monitoring, and benchmarking across a customer base of 28,500 farmers.

The business operates through country-specific operating companies (ForFarmers Nederland, ForFarmers team agrar in Germany, Tasomix/ForFarmers Polska in Poland, ForFarmers UK) and several sub-brands including Reudink (organic), Van Triest CirQlar (residual streams and co-products trading), PoultryPlus, Pavo, and Mühldorfer. Technology differentiation rests on circular feed formulations, biological manure acidification (reducing ammonia and methane emissions), and a digital farm data layer that supports CO2 reduction outcomes and processor-paid bonuses for dairy customers. The company holds Science Based Target initiative-validated sustainability targets.

ForFarmers monetizes primarily through transactional sale of feed tonnage, with advisory and digital services bundled in. Its go-to-market is direct, advisor-led field sales with daily farm visits and a decentralized regional structure. Recent strategy has been M&A-driven: acquisitions of Piast Pasze, Van Triest Veevoeders, Farmpasz, and Beukelaar Diervoeders, joint ventures with KPS Food Group in Poland and team agrar in Germany, and a 2025 Rabobank debt facility to fund the pipeline. Largest shareholder is Coöperatie FromFarmers U.A. (~46.69%). FY2025 results were record-setting: 10.6 million tonnes of volume, €611.2M gross profit, €145.9M underlying EBITDA (+44.7%), and €61.9M underlying net profit (+52.5%), with ROACE of 17.4% and a 50% dividend increase.

Name

ForFarmers

Legal name

ForFarmers N.V.

Website

https://forfarmersgroup.eu

Company type

Public

Founded year

1899

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

ForFarmers is a leading European animal feed company producing compound feed, specialty feeds, and co-products for approximately 28,500 livestock farmers across the Netherlands, Germany, Poland, and the UK, with bundled advisory services and digital farm management tools.

Ownership category

akta.pro rank

Headquarters

HQ city

Lochem

HQ country

Netherlands

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Feed Production and Sales: ForFarmers develops and produces compound feed and complementary feeds for livestock farmers. With annual feed output exceeding 10 million tonnes, the company generates revenue through the sale of feed products, residual streams (co-products), young animal feeds, specialty feeds, liquid co-products, raw materials, seeds, and fertilizers.
2. Advisory Services: ForFarmers provides advice on all aspects relevant to customers including nutrition, animal husbandry and business development. This is bundled with feed products as part of integrated solutions.
3. Co-products/Residual Streams Trading: Through Van Triest CirQlar, ForFarmers trades residual flows and co-products from the food industry for use in animal feed. This includes citrus pulp, corn-related streams, and other ingredients.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

ForFarmers develops and produces compound feed (mengvoer) and complementary feeds for livestock farmers across conventional and organic production systems. Its portfolio includes young animal feeds, specialty feeds, liquid co-products, raw materials, seeds, and fertilizers, delivered alongside advisory services on nutrition, animal husbandry, and farm business development. The company serves 28,500 customers with annual feed output exceeding 10 million tonnes across the Netherlands, Germany, Poland, and the United Kingdom.

Product overview

ForFarmers is a leading European animal feed company offering a broad portfolio of feed products, advisory services, and digital tools. Its core offering centers on compound feed (mengvoer), young animal feeds, specialty feeds, liquid co-products, raw materials, seeds, and fertilizers. These feed products are complemented by advisory services covering animal nutrition, husbandry, and farm business development, as well as digital tools for goal-setting, monitoring, and benchmarking. The company operates several sub-brands: Van Triest CirQlar (residual streams in NL/DE), CirQlar (UK), Reudink (organic feed), PoultryPlus, Mühldorfer Pferdefutter (horse feed), Thunderbrook (UK), and Pavo (horse nutrition). Acquired brands include Tasomix (Poland), Farmpasz, Beukelaar Diervoeders, and Piast Pasze. A joint venture with KPS in Poland combines Tasomix and KPS under ForFarmers Polska, and a separate JV with team agrar operates in Germany. The MyForFarmers digital portal enables customers to access orders, invoices, and receive personalized feed advice.

Differentiator

Problem solved

Functional benefit

Brands

• Van Triest CirQlar: Circular economy brand focused on trading residual flows and co-products for animal feed, operating in the Netherlands, Germany and UK.
• CirQlar
• PoultryPlus
• Agrisell
• Tasomix
• Mühldorfer Pferdefutter
• Thunderbrook
• Reudink
• Pavo

Products and services

• Compound Feed (Mengvoer) Compound feed developed and produced for livestock farmers (cattle, pigs, poultry), the central product in ForFarmers' portfolio.
• Young Animal Feeds Specialized feed formulations for young livestock to support healthy early development.
• Specialty Feeds Specialized feed formulations targeting specific animal health or performance requirements.
• Liquid Co-products Liquid co-products from the food industry used as ingredients in animal feed formulations.
• Raw Materials Individual raw material ingredients supplied to farmers and the feed industry.
• Agricultural Seeds Agricultural seeds supplied to support feed crop production.
• Fertilizers Fertilizer products for agricultural use.
• Advisory Services Advisory services covering nutrition, animal husbandry, and farm business development, complementing feed products and delivered through daily farm visits.
• Digital Tools and Benchmarking (MyForFarmers Portal) Digital customer portal and benchmarking tools that help farmers set goals, monitor results, access orders and invoices, and receive personalized feed advice.
• Van Triest CirQlar Co-products Trading Trading and valorization of residual streams and co-products for animal feed, including citrus pulp and corn by-products, operating in the Netherlands and Germany.
• CirQlar Co-products Trading (UK) Trading and valorization of residual streams and co-products for animal feed, operating in the United Kingdom.
• Reudink Organic Feed Organic and biological animal feed for dairy and livestock farmers, operating as a dedicated sub-brand in the Netherlands and Germany.
• PoultryPlus Poultry nutrition solutions brand offering feeds and programs for the poultry sector.
• Mühldorfer Pferdefutter (Horse Feed) Horse feed brand under ForFarmers serving the German market.
• Thunderbrook (Premium Horse Feed) Premium horse feed brand under ForFarmers, active in the United Kingdom.
• Pavo Horse Nutrition Horse nutrition brand associated with ForFarmers, serving the Dutch market.
• Tasomix Polish Feed Polish feed company acquired by ForFarmers; integrated into ForFarmers Polska and combined with KPS in a joint venture.
• ForFarmers team agrar (Germany) German feed operations operating as a joint venture, consolidated by ForFarmers from 1 March 2025.
• Piast Pasze (Poland) Polish feed company acquired by ForFarmers/Tasomix in Q4 2023 to strengthen position in the broiler sector.

Quantifiable outcome

• CO2 emissions reduced to 823 grams per kg measured milk for dairy farmers receiving ~70% of maximum CO2 bonus from processors
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Coöperatie FromFarmers U.A.coreStrategic or Co-development Partner · 16 April 2026Coöperatie FromFarmers holds the priority share and is the largest shareholder with 46.69% direct and indirect ownership. The cooperative supplies raw materials and maintains a close relationship agreement with ForFarmers. The relationship agreement outlines terms of cooperation and supply arrangements.
• Tate & LylecoreStrategic or Co-development Partner · 30 March 2026Van Triest CirQlar (ForFarmers) and Tate & Lyle expanded their distribution partnership for co-products to include Tate & Lyle's Großenbrode, Germany facility. Van Triest CirQlar manages distribution of citrus pulp (a co-product from pectin production) to livestock farmers in North Germany, handling planning, transport, sales, quality management, and administration. The partnership has existed since 1994.
• RemediiateminorStrategic or Co-development Partner · 1 January 2026ForFarmers is involved in micro-algae research with Remediiate as part of alternative protein solutions supporting sustainability ambitions.
• KPS Food GroupcoreStrategic or Co-development Partner · 1 January 2025ForFarmers announced a significant joint venture with KPS Food Group in Poland, where ForFarmers holds a 50.5% controlling stake in ForFarmers Polska combining Tasomix and KPS. KPS is a poultry production and processing company with approximately 2,000 employees, €250 million turnover, and €46 million EBITDA. The JV strengthens ForFarmers' position in the growing Polish poultry market through chain integration.
• ADM (Archer Daniels Midland)minorStrategic or Co-development Partner · 1 January 2025ForFarmers collaborates with ADM on reducing CO2 in the feed chain. This sustainability partnership aims to lower carbon emissions through the agricultural supply chain.
• BungeminorStrategic or Co-development Partner · 1 January 2025ForFarmers collaborates with Bunge to support CO2 reduction in the soy supply chain, working together on sustainable sourcing of soy ingredients for feed production.
• Van Triest VeevoederscoreStrategic or Co-development Partner · 28 June 2024ForFarmers acquired Van Triest Veevoeders, a family-run trading company specializing in residual flows and co-products for animal feed. The acquisition enhances ForFarmers' logistics, storage, and trading capacity in residual agricultural products across Netherlands, Belgium, and Germany, supporting sustainability strategy.
• Farmpasz (Poland)minorStrategic or Co-development Partner · 1 January 2024ForFarmers acquired Farmpasz in Poland as part of its expansion strategy in the Polish market.
• Beukelaar Diervoeders (Netherlands)minorStrategic or Co-development Partner · 1 January 2024ForFarmers acquired Beukelaar Diervoeders in the Netherlands to strengthen its position and capacity utilization in the broiler sector.
• team agrar (Germany)coreStrategic or Co-development Partner · 1 January 2024ForFarmers entered a joint venture with team agrar in Germany, consolidating the entity and expanding its presence in the German market. The integration is on schedule.
• Piast Pasze (Poland)minorStrategic or Co-development Partner · 26 July 2023ForFarmers/Tasomix agreed to acquire Piast Pasze in Poland, merging feed activities to increase production and strengthen position in the broiler sector. The transaction was expected to close in Q4 2023 pending approval, leveraging Piast's existing operations and technology.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• AB Agri: UK-based agricultural business (part of Associated British Foods) producing compound feed and animal nutrition products. Direct peer in the UK and European feed markets with comparable customer focus on livestock producers.
• Royal Agrifirm Group: Dutch agricultural cooperative supplying compound feed, premixes, and crop solutions to livestock farmers across Northwestern Europe. Strongly comparable cooperative structure and customer base, and a direct competitor in ForFarmers' home market.
• De Heus Animal Nutrition: Dutch-headquartered, family-owned global animal feed producer operating across Europe, Asia, and Africa. Direct competitor to ForFarmers in compound feed for poultry, swine, and ruminants, with comparable vertically integrated and export-oriented model.
• Nutreco: Global animal nutrition and aquaculture feed company (owned by SHV Holdings), directly competing with ForFarmers in compound feed and premixes across Europe and beyond. Highly comparable in customer base (livestock farmers) and product portfolio.
• Alltech: Global animal nutrition company producing feed additives, premixes, and complete feeds with strong presence in Europe. Comparable in feed formulation, specialty nutrition, and sustainability-led positioning.

Emerging players

• Hamlet Protein: Specialty producer of protein ingredients for young animal nutrition (piglets, calves, poultry). Comparable adjacency in specialty/young-animal feeds where ForFarmers also competes via its Jonkdiervoeders line.

Regional players

• Feed One: Japanese compound feed producer serving domestic livestock farmers. Comparable business model (compound feed manufacturing and distribution) but operates primarily in Japan rather than ForFarmers' European markets.

Broad incumbents

• ADM Animal Nutrition: Global agribusiness division of Archer Daniels Midland, supplying animal feed and pet food ingredients worldwide. Active sustainability partnership with ForFarmers, but operates across many broader segments beyond feed manufacturing.
• Cargill Animal Nutrition (incl. Provimi): Global agri-business giant whose animal nutrition arm (including former Provimi, where ForFarmers' CEO previously worked) supplies compound feed, premixes, and additives worldwide. Competes with ForFarmers across multiple European markets but is part of a much broader commodity portfolio.
• Charoen Pokphand Foods (CPF): Thai-headquartered fully integrated agri-food company with global animal feed operations. Comparable vertically integrated feed-and-poultry model (similar to the KPS JV logic), but primarily Asia-focused with limited European overlap.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/forfarmers
• YouTubeyoutube.com/@ForFarmersNL
• Facebookfacebook.com/ForFarmers
• LinkedInlinkedin.com/company/forfarmers-b.v.
• Instagraminstagram.com/forfarmersnl

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries15 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A10 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ForFarmers