Bonanza Bean

What Bonanza Bean does

Bonanza Bean LLC is a privately held, vertically integrated kidney bean processor headquartered in Morris, Minnesota. Founded in 2008 with capital from fourteen investors, the company operates a single-site, purpose-built processing facility that takes in raw beans from local growers, cleans and sorts them using color sorting and magnetic separation technology, dries product via high-capacity drying equipment, and ships finished dark red and light red kidney beans — along with dry bean seeds for growers — in totes ranging from 50 to 3,000 pounds via truck, rail, or sea to domestic and international buyers. The company is federally licensed under the United States Warehouse Act, HACCP-certified, and SQF Level 2-certified, enabling it to serve as a credit-eligible collateral storage point for grower financing while meeting food safety requirements of global food industry buyers.

The business model is B2B and sales-led, with a small named management team: Dan Schaefer as founder, Chief Managing Officer and Chairman; Cork Fehr as Sales Manager handling domestic accounts; Echo Hacker as Office Manager, HACCP team leader, and international sales lead; and Andy Hacker as Operations Manager. Customer segments span growers/farmers (upstream supply and service relationships), food industry buyers (downstream commercial customers), and consumers (end-market pull-through via health and recipe content on the company website). Pricing is quote-based on bulk volumes and is not publicly disclosed; the company does not publish unit prices, SKU catalogs, or contractual terms.

Since inception, Bonanza Bean has self-reports continuous year-over-year growth and has expanded from a U.S.-only truck delivery operation into a global supplier, though no revenue figures, headcount totals, customer counts, or capital raised beyond the 2008 founding round have been disclosed. Product breadth has grown from dark red kidney beans at launch to include light red kidney beans and dry bean seeds, and the company has incrementally added storage and cleaning capacity each year to support throughput. There is no evidence of acquisitions, secondary funding rounds, public market activity, or affiliation with a private equity sponsor; ownership remains with the founding investor group and board of directors.

Name

Bonanza Bean

Legal name

Bonanza Bean LLC

Website

https://bonanzabean.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

Bonanza Bean is a privately held kidney bean processor in Morris, Minnesota that cleans, sorts, and supplies dark and light red kidney beans, dry bean seeds, and processing services to growers and food industry buyers worldwide via truck, rail, and sea.

Ownership category

akta.pro rank

Product category

Edible Beans (Dry Kidney Beans)

NAICS

Dry Pea and Bean Farming (111130)

SIC

Canned, Frozen & Preservd Fruit, Veg & Food Specialties (2030)

akta.pro primary industry

Canned Beans, Legumes & Pulses Manufacturing (AFAKACAC)

akta.pro secondary industry

Dry Bean Farming (Kidney, Pinto, Navy, Black, etc.) (AFAGABAF)

Keywords

• Kidney bean processing
• Dry bean supply
• Edible bean distribution
• Seed bean sales
• Agricultural commodities

Headquarters

HQ city

Morris

HQ country

United States

HQ region

North America

Offices1 record

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. Kidney Bean Sales: Direct sale of processed dark red and light red kidney beans to buyers and consumers. The company performs every step from growing beans to preparing them for consumption. Products delivered via truck, train, or sea in totes ranging from 50 to 3,000 pounds.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Bonanza Bean is a Morris, Minnesota-based kidney bean processor and supplier. The company conditions, cleans, sorts, and packages dark red and light red kidney beans for food manufacturers, distributors, and retailers, and supplies certified seed beans to growers. Its operations integrate optical sorting, magnetic separation, and drying technology to deliver food-grade and seed-grade beans from a single facility.

Product overview

Bonanza Bean operates as an edible bean processing company offering a portfolio of kidney bean products and agricultural services. The core offerings include dark red kidney beans and light red kidney beans as the primary agricultural products, complemented by dry bean seeds for growers and comprehensive processing services including cleaning, color sorting, magnetic separation, and drying. The company functions as a unified operation that performs every step from growing beans to preparing them for consumption, serving farmers, commercial clients, and consumers through a vertically integrated approach.

Differentiator

Problem solved

Functional benefit

Products and services

• Dark Red Kidney Beans

Quantifiable outcome

• Continuous substantial growth each year since inception in 2008

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators3 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Best Cooking Pulses, Inc. Canadian specialty pulse processor and packager offering cleaned, processed, and packaged dry beans, lentils, and peas to food manufacturers globally. Comparable mid-sized pulse processor with international sales reach.
• Columbia Bean & Produce Co. Idaho-based dry bean processor and seed company that contracts with growers, processes, and ships bulk edible beans domestically and internationally. Directly comparable in operational model and product mix.
• Cascade Seed Company: Washington-based specialty dry bean processor with cleaning, packaging, and seed operations; comparable mid-sized processor operating in the U.S. edible bean market.
• Treasure Valley Seed Company: Pacific Northwest dry bean processor and seed supplier serving commercial buyers; comparable mid-size regional processor with similar cleaning, color sorting, and bulk shipping operations.
• Kelley Bean Company: One of the largest U.S. dry edible bean processors and seed suppliers, operating a network of processing facilities across the Western U.S. Directly comparable to Bonanza Bean in kidney bean processing, cleaning, and grower contracting.

Broad incumbents

• Bunge Limited: Global agribusiness and food ingredients company involved in grain, oilseed, and pulse origination and processing. Comparable as a large buyer/processor in the broader dry bean and pulse supply chain.
• Scoular Company: U.S.-based agribusiness that trades and processes specialty grains and pulses including dry edible beans, providing comparable supply chain and origination services to food industry buyers.
• ADM (Archer Daniels Midland): Global agribusiness conglomerate with edible bean origination and processing as part of a much broader agricultural ingredients portfolio. Overlaps with Bonanza Bean on bulk dry bean supply to food manufacturers but at far greater scale.
• Cargill, Incorporated: One of the world's largest privately held agribusinesses with origination, trading, and processing capabilities spanning multiple commodities including pulses. Provides relevant market-pricing and scale benchmarks.

Emerging players

• TruLeaf Sustainable Agriculture: Pulse-focused company developing branded, value-added pulse ingredients and products. Partial overlap as an emerging player in the broader kidney bean and pulse supply chain Bonanza Bean serves.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/wix
• YouTubeyoutube.com/user/Wix
• Facebookfacebook.com/wix
• Instagraminstagram.com/wix
• LinkedInlinkedin.com/company/bonanza-bean

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Bonanza Bean