B.F

What B.F does

B.F. S.p.A. is an Italian agro-industrial group operating as an integrated platform spanning the full agricultural value chain from seed genetics to branded consumer food products. The group, listed on the Milan Stock Exchange (ticker: BF), originates from a land reclamation company founded in 1871 and has consolidated into a multi-subsidiary structure controlling Bonifiche Ferraresi (7,750 hectares of farmland — Italy's largest agricultural company by Utilized Agricultural Area), BF Agricola (livestock), SIS (seed production including the proprietary Senatore Cappelli ancient wheat variety), Consorzi Agrari d'Italia or CAI (distribution network across nine Italian regions), IBF Servizi (precision farming technology via the AGRONICA platform), BF Agro-Industriale (retail commercialization), BF Educational (training and research), and BF International (overseas expansion through the BFuture Farm model). Consumer-facing output is sold under the Le Stagioni d'Italia brand and through Pastificio Fabianelli.

The group's technology stack combines precision agriculture (satellite monitoring via a Leonardo/e-GEOS partnership, GPS-connected machinery, AI-driven Decision Support Systems), proprietary seed genetics, and the AGRONICA digital farm management platform that automates prescription maps for seeding, nutrition, and sustainability reporting. Internationally, BF International directly manages approximately 400,000 hectares across 19 countries and is developing concession-scale projects in Algeria (36,000 hectares at Timimoun), Egypt (15,000 hectares at Dabaa), Senegal (10,000 hectares at Kaour), and Congo (10,000 hectares at Dolisie), often under Italy's Piano Mattei framework for African food security.

Revenue is generated through diversified streams: direct agricultural production and crop sales (cereals, legumes, rice, tomatoes), branded consumer food product sales through GDO and own channels, seed production and licensing, agricultural machinery and input distribution via CAI, recurring agritech services via IBF Servizi/AGRONICA, agritourism, and international agricultural development projects executed through government partnerships. As of December 31, 2025, consolidated production value reached €1,730 million, up from €1,120 million in 2022 (+54.5%) and €269 million in 2021, with 2022 EBITDA of €57 million. The group is led by Executive President and CEO Federico Vecchioni, with General Manager Domenico Pimpinella appointed in June 2025.

Name

B.F

Legal name

B.F. S.p.A.

Website

https://bfspa.it

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

B.F. S.p.A. is an Italian integrated agro-industrial group managing the full agricultural value chain from seed genetics (SIS) and farmland (Bonifiche Ferraresi, 7,750 hectares) to branded consumer foods (Le Stagioni d'Italia, Pastificio Fabianelli), with agritech services (AGRONICA), distribution (CAI), and international BFuture Farm projects across 19 countries.

Ownership category

akta.pro rank

Product category

Agribusiness

NAICS

Oilseed and Grain Farming (1111), Farm Machinery and Equipment Manufacturing (333111), Agricultural Implement Manufacturing (33311)

SIC

Agricultural Production-Crops (100), Farm Machinery & Equipment (3523), Wholesale-Farm Product Raw Materials (5150), Agricultural Services (700)

akta.pro primary industry

Starches, Flours & Milling Products Trading/Wholesale (AFAIAKAH)

akta.pro secondary industries

Farmer Cooperatives & Co-op Retail (AFABAJAB), Farm Finance, Input Procurement & Risk Tools (Budgeting, Inventory, Insurance Links) (AFAAAFAO), Custom Equipment Operation & Rental with Operator (Tractors, Implements) (AFACAAAH)

Keywords

• Agricultural production
• Seed manufacturing
• Precision farming services
• Branded food products
• Agribusiness distribution

Headquarters

HQ city

Jolanda Di Savoia

HQ country

Italy

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Agricultural Production: BF generates revenue through cultivation of owned and managed farmland producing cereals, legumes, and other crops. Bonifiche Ferraresi, with 7,750 hectares, is the largest Italian agricultural company by utilized agricultural area (SAU). Production includes ancient wheat (Senatore Cappelli), rice, legumes, tomatoes, oil, and eggs.
2. Seed Production and Commercialization: SIS (Società Italiana Sementi) operates as a leader in seed production, producing and commercializing seeds including the Senatore Cappelli ancient wheat variety. Seeds are supplied to BF group companies and external customers.
3. Food Product Sales: BF sells branded food products including pasta, rice, legumes, oil, tomatoes, honey, teas, eggs, and frozen foods (pizza) under the 'Le Stagioni d'Italia' brand through GDO (retail) and direct channels.
4. Agricultural Technology Services: IBF Servizi and AGRONICA provide precision farming services, digital farm management, satellite data analysis, and Decision Support Systems (DSS) to farmers and agricultural businesses.
5. Agricultural Machinery and Equipment: CAI distributes agricultural machinery, equipment, seeds, fertilizers, and crop protection products to farmers through its network of operational centers across Italy.
6. Feed and Livestock: F.lli Martini & C. S.p.A. (target acquisition) operates in feed production, livestock, and food sectors with approximately Euro 1.2 billion in consolidated production value.
7. International Agricultural Projects: BF International generates revenue through international agricultural development projects, including model farms in Algeria, Egypt, Senegal, Congo, and Ghana under the Piano Mattei framework.

Go-to-market motion3 records

Distribution channels7 records

Marketing channels7 records

Core offering

B.F. S.p.A. operates an integrated agro-industrial platform controlling the full value chain from seed genetics and proprietary agricultural production (7,750 hectares SAU) to branded food products and international farm development projects. It sells agricultural inputs and seeds to farmers and cooperatives through the CAI network, provides precision-farming technology services via the AGRONICA platform, and commercialises consumer food brands (Le Stagioni d'Italia, Pastificio Fabianelli) through large retail chains (GDO), agritourism, and e-commerce, while also developing BFuture Farm agro-industrial projects abroad.

Product overview

B.F. S.p.A. is an integrated agro-industrial group operating as a multi-subsidiary platform. The Group controls the entire agricultural and food value chain through specialized companies: Bonifiche Ferraresi (core agricultural operations with 7,750 hectares SAU), BF Agricola (livestock), BF Agro-Industriale (retail distribution), SIS (seeds), Consorzi Agrari d'Italia (farmer services network), IBF Servizi/AGRONICA (precision farming technology), BF Educational (training and research), BF International (global expansion via BFuture Farm model), and consumer brands including Le Stagioni d'Italia and Pastificio Fabianelli. The Group generates approximately €1.73 billion in production value and serves the entire agri-food chain from genome to shelf.

Differentiator

Problem solved

Functional benefit

Brands

• Bonifiche Ferraresi: Core agricultural company of the group, the largest Italian agricultural company by Utilized Agricultural Area (SAU) with 7,750 hectares
• BF Agricola
• BF Agro Industriale
• Consorzi Agrari d'Italia
• SIS - Società Italiana Sementi
• BF Agritur
• BF Educational
• BF International
• Le Stagioni d'Italia
• BF Bio
• BIA
• Pastificio Fabianelli

Products and services

• Bonifiche Ferraresi S.p.A. Società Agricola — Agricultural Production
• S.I.S. Società Italiana Sementi — Seed Production and Commercialization

Quantifiable outcome

• Production value increased from €269M (2021) to €1,120M (2022) - +316% growth
• +3 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature6 records

Partnerships

18 partnerships are on record, tiered core, flagship and major.

• Save the ChildrencoreStrategic or Co-development Partner · 3 April 2026Three-year collaboration expanding to Italy with Save the Children Light Points support and 'Step-up' pilot project for youth professional training with Income Share Agreement (ISA) mechanism. Includes modules on child rights, protection, health, and nutrition for BFuture Farm staff.
• F.lli Martini & C. S.p.A.coreStrategic or Co-development Partner · 15 December 2025BF International signed investment agreement to acquire 100% of F.lli Martini & C. S.p.A. through new Holdco. Target has €1.2 billion production value and €72 million EBITDA (2024). Operates in feed, livestock, and food sectors with over 100 years of history.
• AESAcoreTechnology or Integration · 13 November 2025AESA (subsidiary) is global leader in sustainable agricultural, rural, and climate resilience consulting. Present in over 120 countries, AESA supports BF International's global projects with technical expertise.
• African Union and African Development BankflagshipStrategic or Co-development Partner · 13 November 2025BF International presented BFuture Farm at COP30 with African Union and AfDB participation, part of Piano Mattei AREA action for strengthening agro-food ecosystems in Africa.
• IFAD (International Fund for Agricultural Development)flagshipStrategic or Co-development Partner · 31 October 2025IFAD (UN) and BF S.p.A. signed Letter of Intent to explore collaboration for sustainable agricultural development in developing countries, particularly Africa. Aims to strengthen food security, reduce import dependence, and create economic opportunities in rural areas.
• Republic of Senegal GovernmentflagshipStrategic or Co-development Partner · 10 April 2025MoU with Municipalità di Kaour for 10,000 hectare sustainable agricultural project. Includes model farm development, farmer training, and food sovereignty support for rice, corn, wheat, and oil palm cultivation.
• Republic of Congo GovernmentflagshipStrategic or Co-development Partner · 1 April 2025MoU with Congo Ministry of Agriculture for 10,000 hectare project in Dolisie area. Includes model farm, water infrastructure, and training programs for rice, soy, corn, and peanuts cultivation.
• Save the ChildrencoreStrategic or Co-development Partner · 1 January 2025BF International and Save the Children Italia framework agreement for community development projects integrating child rights perspective into BFuture Farms. Includes educational programs, professional training, and child welfare initiatives in Africa.
• Leonardo S.p.A.coreTechnology or Integration · 29 November 2024Leonardo and BF Spa signed MoU for joint initiatives in agroindustrial sector and climate change. Leonardo contributes satellite monitoring (e-GEOS), cyber security, and AI capabilities for precision agriculture. Collaboration includes global projects and multilateral development bank proposals, particularly in Piano Mattei countries.
• Villa Montepaldi / University of Florence / Future Food InstitutemajorStrategic or Co-development Partner · 8 November 2024BF Spa leading regenerative agriculture project at Villa Montepaldi (San Casciano Val di Pesa) in partnership with University of Florence and Future Food Institute. Twenty-year concession for national regenerative agriculture pole.
• BF Educational University PartnerscoreStrategic or Co-development Partner · 30 July 2024BF Educational programs partner with major Italian universities including Bologna, Napoli Federico II, Tuscia, Teramo, Padova, Firenze, Salerno, Bocconi, and University of Gastronomic Sciences Pollenzo for agritech training and research.
• Algerian Ministry of AgricultureflagshipStrategic or Co-development Partner · 6 July 2024BF International 36,000 hectare concession in Wilaya of Timimoun, Algeria. Partners include SIS for seeds, Consorzi Agrari d'Italia for machinery, Irritec for irrigation, Ocrim for processing plants, Farchioni Olii, Diagram for digitalization, Acea for water technologies.
• Filiera ItaliamajorStrategic or Co-development Partner · 15 December 2023BF International and Filiera Italia signed strategic investment program in Cairo for sustainable food security. Includes joint venture with Mostaqbal Masr for 15,000 hectare project in Dabaa region.
• SDF (Same Deutz-Fahr)coreTechnology or Integration · 20 April 2023SDF delivers 20 agricultural machines (DEUTZ-FAHR and SAME brands) to BF Spa. Partnership since August 2020 includes joint R&D for precision farming, AGRONICA platform integration, and training programs. Four tractors refueled with HVO biofuel during 'Seeds of Energy' project.
• ACEA S.p.A.majorStrategic or Co-development Partner · 1 January 2023ACEA and BF MoU for water resource protection and reuse in agro-industrial and energy sectors. Includes precision farming irrigation optimization, basin accumulation, and circular economy initiatives using wastewater from ACEA treatment plants for BF fertilizer production.
• EnicoreStrategic or Co-development Partner · 25 November 2022Eni and BF agreement to develop agro-industrial chain for energy use on Italian territory. Joint venture Agri-Energy (established January 2021) develops improved seeds for bio-refining. Project includes Brassica carinata cultivation on 90 hectares at Jolanda di Savoia for HVO biofuels.
• ColdiretticoreStrategic or Co-development PartnerBF maintains strategic partnership with Coldiretti, Italy's largest farmers association, for agricultural policy, young farmer programs (Giovani Impresa), and market development. Includes 100 scholarships for BF Educational courses.
• CIHEAM BaricoreStrategic or Co-development PartnerCIHEAM Bari as knowledge partner and public component executor for AREA action under Piano Mattei. BF International as private partner for agricultural development in Africa.

Scale indicators21 records

Recent moves11 records

Expansion highlights7 records

Direct peers

• Ebro Foods: Spanish listed agro-food group operating across rice, pasta and premium fresh/natural foods. Directly comparable to BF because both are publicly listed, vertically integrated grain-to-shelf operators with branded consumer portfolios and international sourcing footprints.
• Veronesi Holding: Italian privately held agro-industrial group active in animal feed (Veronesi, Mangimi), poultry (Aia) and food products, with significant international presence. Overlaps with BF's planned F.lli Martini feed/livestock acquisition and its broader Italian farm-to-food footprint.
• Barilla Group: World's largest pasta company and a leading Italian branded food group with integrated milling. Closest Italian peer to BF in pasta/branded foods and in its emphasis on Italian-origin supply chains and sustainable agriculture, though privately held and global in scale.
• Al Dahra Holding: UAE-based agribusiness focused on food security across MENA and Africa, with large-scale farming, animal feed and grains. Closest functional peer to BF International's BFuture Farm model of government-partnered agricultural concessions targeting food-importing regions.
• Deoleo: World's largest bottled olive oil company, selling Bertolli, Carapelli and Sasso brands. Comparable to BF in Mediterranean branded food, Italian-origin positioning, and GDO-led distribution, and is an obvious consolidation candidate against BF's Le Stagioni d'Italia oil line.
• De Cecco: Italian family-owned pasta and edible-oil producer with a strong premium, Italian-origin positioning. Comparable to BF in branded pasta and oils (Pastificio Fabianelli, Le Stagioni d'Italia) and in its emphasis on Italian durum-wheat sourcing.
• Inalca (Gruppo Cremonini): Italian food group active in beef processing, meat distribution and food service across multiple continents. Comparable to BF as a privately held Italian agro-industrial platform with significant international food-service and emerging-market exposure (Africa, MENA).

Broad incumbents

• Olam International: Singapore-headquartered global agri-food commodity trader and processor operating across 60+ countries. Comparable to BF International's global footprint (400,000 ha across 19 countries) and its model of operating large-scale farming and origination assets in frontier markets.
• BayWa AG: German listed conglomerate spanning agriculture, energy and building materials, with a large agricultural-inputs and trading business and renewable-energy activities. Directly comparable to BF's mix of farming, agri-input distribution (CAI), energy JV (BF Energy) and international projects.
• Bunge Limited: Global agribusiness and food company listed in the US, active in grain origination, oilseed processing and food ingredients. Comparable to BF as a large-scale, internationally diversified agro-industrial platform, although operating at a far larger scale and with a different product mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries13 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about B.F