Farmmi, Inc. (FAMI): History, Ownership, Mission, How It Works & Makes Money

Ever wonder how your favorite dried mushrooms make it from the farm to your table? This article dives into Farmmi, Inc. (NASDAQ: FAMI), a Nasdaq-listed company established in 2003, exploring its history, ownership structure, and mission to promote edible mushroom products and agricultural technology worldwide. But how exactly does Farmmi operate, and more importantly, how does it generate revenue in the competitive agricultural market?

Farmmi, Inc. operates as an agricultural products supplier, processor, and retailer of edible mushrooms and other agricultural products, selling its products both online and offline. The company has established a global presence, with products marketed under the 'Farmmi' and 'Forasen' brands in China, Southeast Asia, Japan, North America, Europe, and the Middle East. Demonstrating its commitment to international expansion, Farmmi established FARMMI USA INC. in 2023, a wholly-owned subsidiary, to expand its growth in the North American market, following the establishment of FARMMI CANADA INC.

Farmmi's core mission is to promote edible mushroom products and agriculture technology worldwide, while exporting high-quality agricultural products from North America to the large consumer market in China and other significant geographic markets. To ensure the safety and premium quality of its products, Farmmi has invested in and manages a network of standardized family farms, enabling it to exercise better control over food safety at the source.

Farmmi emphasizes rigorous quality standards, operational excellence, and strategic partnerships in warehousing and logistical services to maintain a reliable supply chain across global markets. The company has been expanding its logistics capabilities, opening a new 49,800 square feet warehouse in Somerset, New Jersey in March 2025, and establishing a large warehouse and logistics base in Los Angeles, California in 2024, with a total area of 636,000 square feet.

Farmmi, Inc. (FAMI) History

Farmmi, Inc. Founding Timeline

Year established

The company was established in 1998.

Original location

The company is based in Lishui, Zhejiang, China.

Founding team members

The key person associated with the founding and leadership of the company is Yefang Zhang, who serves as the Chairwoman and CEO.

Initial capital/funding

Information regarding the specific initial capital or funding is not readily available in the provided context.

Farmmi, Inc. Evolution Milestones

Farmmi, Inc. Transformative Moments

• Going Public (2015): The IPO marked a pivotal moment, providing capital for expansion and increasing the company's visibility in the global market.
• Diversification of Product Line: Expanding beyond Mu Er mushrooms to include other agricultural products allowed Farmmi to tap into new markets and reduce reliance on a single product.
• Strategic Partnerships: Forming alliances with key distributors and customers enhanced Farmmi's market penetration and strengthened its supply chain.
• Adaptation to Digital Commerce: Embracing e-commerce enabled Farmmi to reach a broader audience and capitalize on the growing trend of online food shopping.

Understanding the mission, vision, and core values that drive Farmmi, Inc. can provide additional insight into the company's strategic direction. Learn more at: Mission Statement, Vision, & Core Values of Farmmi, Inc. (FAMI).

Farmmi, Inc. (FAMI) Ownership Structure

Farmmi Inc.'s ownership structure reflects a mix of individual and institutional investors, influencing its governance and strategic direction.

Farmmi Inc.'s Current Status

Farmmi Inc. is a publicly traded company, listed on the Nasdaq Stock Market under the ticker symbol FAMI. This means that ownership is distributed among public shareholders, who can buy and sell shares of the company on the open market.

Farmmi Inc.'s Ownership Breakdown

The ownership of Farmmi Inc. can be broken down into several key categories. Please note that precise, up-to-date ownership percentages can fluctuate and are typically detailed in the company's filings with the Securities and Exchange Commission (SEC). As of the latest available data for the fiscal year 2024, the ownership structure generally includes:

Farmmi Inc.'s Leadership

The leadership team is responsible for the strategic direction and operational management of the company. Key members as of April 2025 typically include:

• Chairwoman and Chief Executive Officer (CEO): Leads the company's overall strategy and operations.
• Chief Financial Officer (CFO): Manages the company's financial operations, including accounting, reporting, and investor relations.
• Board of Directors: Oversees the company's management and ensures that the company is acting in the best interests of its shareholders.

For detailed insights into Farmmi's financial performance, see Breaking Down Farmmi, Inc. (FAMI) Financial Health: Key Insights for Investors.

Farmmi, Inc. (FAMI) Mission and Values

Farmmi, Inc. aims to deliver high-quality agricultural products while adhering to rigorous safety standards and fostering sustainable practices. The company is committed to enhancing shareholder value and contributing to the well-being of the communities it serves.

Farmmi, Inc.'s Core Purpose

Official mission statement

Farmmi, Inc.'s mission statement focuses on:

• Supplying superior quality agricultural products.
• Adhering to strict safety protocols.
• Promoting sustainable practices.
• Enhancing shareholder value.
• Contributing positively to the communities they operate in.

These elements underscore Farmmi's dedication to excellence, responsibility, and community engagement. Further details can be found at Mission Statement, Vision, & Core Values of Farmmi, Inc. (FAMI).

Vision statement

While a specific formal vision statement may not be explicitly publicized, Farmmi, Inc.'s overarching vision can be inferred from their actions and strategic goals:

• To be a leading global supplier of agricultural products, recognized for quality and safety.
• To expand its market presence through strategic partnerships and innovative product development.
• To maintain a sustainable and ethical approach to business, ensuring long-term growth and positive impact.

Company slogan/tagline

As of now, Farmmi, Inc. does not have a widely publicized official slogan or tagline. However, their commitment to 'quality, safety, and sustainability' effectively encapsulates their core values and guiding principles.

Farmmi, Inc. (FAMI) How It Works

Farmmi, Inc. operates as an agriculture products supplier, processor, and retailer, primarily dealing in edible fungi products like shiitake and wood ear mushrooms, along with other agricultural goods.

Farmmi, Inc.'s Product/Service Portfolio

Farmmi, Inc.'s Operational Framework

Farmmi, Inc.'s operations encompass sourcing, processing, and distribution of agricultural products. The company focuses on:

• Supply Chain Management: Farmmi manages its supply chain to ensure a consistent supply of high-quality agricultural products.
• Processing: The company processes raw agricultural products to meet market standards and customer specifications.
• Distribution and Sales: Farmmi distributes its products through a network of wholesalers, retailers, and direct sales channels, both domestically and internationally.
• Quality Control: Implementing stringent quality control measures throughout the production process to ensure product safety and customer satisfaction.

For more insights into the company's financial standing, you can check Breaking Down Farmmi, Inc. (FAMI) Financial Health: Key Insights for Investors.

Farmmi, Inc.'s Strategic Advantages

Farmmi, Inc. aims to leverage the following strategic advantages:

• Established Brand: Building a recognized brand in the agricultural products market, particularly for edible fungi.
• Quality Assurance: Ensuring high standards of product quality and safety to build customer trust and loyalty.
• Market Diversification: Expanding into new markets and product categories to reduce dependence on specific regions or products.
• Strategic Partnerships: Forming alliances with distributors, retailers, and other partners to enhance market reach and penetration.
• Scalable Operations: Implementing scalable operational processes to accommodate growth and changing market demands.

Farmmi, Inc. (FAMI) How It Makes Money

Farmmi, Inc. generates revenue primarily through the sale of agricultural products, especially edible fungi like mushrooms, both online and offline.

Farmmi, Inc.'s Revenue Breakdown

Detailed revenue breakdowns for Farmmi, Inc. are not readily available for the 2024 fiscal year in the provided search results. Financial data often requires direct access to company filings or financial databases.

To illustrate, if such data were available, it might look something like this:

Farmmi, Inc.'s Business Economics

Farmmi, Inc.'s business economics are influenced by several factors:

• Pricing Strategies: Farmmi likely employs a mix of cost-plus and market-based pricing. Given the agricultural nature of its products, seasonal variations and market demand play crucial roles.
• Supply Chain Management: Efficient supply chain management is vital. This includes sourcing, processing, and distribution to maintain product quality and minimize costs.
• E-commerce Impact: With a growing emphasis on online sales, Farmmi can leverage e-commerce platforms to reach a broader customer base and potentially increase profit margins by cutting out intermediaries.
• Global Market Dynamics: Export sales are subject to international trade policies, currency fluctuations, and the specific demands of different markets.

To gain more insight into the company's values, read more here: Mission Statement, Vision, & Core Values of Farmmi, Inc. (FAMI).

Farmmi, Inc.'s Financial Performance

Evaluating Farmmi, Inc.'s financial performance involves looking at key metrics that, unfortunately, are not available in the provided search snippets for the 2024 fiscal year. Generally, the analysis would include:

• Revenue Growth: Assessing the year-over-year changes in revenue to understand the company's ability to expand its sales.
• Gross Margin: Examining the percentage of revenue exceeding the cost of goods sold, reflecting production efficiency and pricing strategy effectiveness.
• Operating Income: Analyzing earnings before interest and taxes to gauge operational profitability.
• Net Income: Reviewing the bottom-line profit after all expenses, including taxes and interest, are factored in.
• Cash Flow: Studying the cash flow statement to understand the company's liquidity and ability to fund operations and investments.

For accurate financial insights, consulting Farmmi, Inc.'s official financial statements or reputable financial analysis platforms is essential.

Farmmi, Inc. (FAMI) Market Position & Future Outlook

Farmmi, Inc. is strategically positioned to capitalize on the growing global demand for agricultural products, particularly edible fungi. However, the company faces challenges typical of the agriculture industry, including market competition and operational risks. More insights about company's financial standings can be found at: Breaking Down Farmmi, Inc. (FAMI) Financial Health: Key Insights for Investors.

Competitive Landscape

Opportunities & Challenges

Industry Position

Farmmi, Inc. holds a niche position within the agricultural sector, specifically focusing on the production and sale of edible fungi. To strengthen its standing, Farmmi could consider:

• Enhancing product diversification: Expand into value-added mushroom products to increase profit margins.
• Strengthening international partnerships: Forge alliances to facilitate market access and distribution in key regions.
• Investing in R&D: Develop innovative cultivation techniques and new mushroom varieties to gain a competitive edge.