Expansion of the innovative Food Procurement System launched by The Seam in 2007 to assist USDA food assistance program recipients extends the company’s secure auction trading system to the full universe of food processors, manufacturers and consumers.

Institutions such as school systems, hospitals, restaurants, and other food providers can use the system to purchase products efficiently and competitively. Manufactures and suppliers benefit by having real time access to a system that provides business opportunities and the ability to respond immediately. Buyers and sellers benefit from liquidity that is uniquely provided by a technology-connected market.

The process of offering products to buyers is greatly simplified by utilizing the technology and clearing services of The Seam. All necessary elements for participation in the system are available online, and suppliers are paid electronically.

The flexibility and ease of use of The Seam’s auction trading system lowers costs for buyers and sellers while offering opportunities to generate additional revenue. A secure online environment allows buyers and sellers to trade with confidence on a playing field that is leveled by technology, transparency, and anonymity. The Seam has provided advanced online trading to the agricultural and food industries since 2000, trading and clearing over $4 billion in commodities. The Food Procurement System makes the same trading technology available to the food industry.

USDA has used the Food Procurement System to deliver more than 35 million pounds of food products to some 275 locations throughout the United States since the system was launched in November 2007.

The following links provider more information about participation in the Food Procurement System: