Farmers Edge Inc. and its Board of Directors announced that Wade Barnes, who founded Farmers Edge in 2005, is stepping down as Chief Executive Officer. The Board of Directors has commenced a search for his successor. In the meantime, Mr. Barnes will continue to work with the Company, execute its previously announced strategic initiatives and ensure a smooth transition over the next couple of months.

He will maintain his seat on the Board of Directors where he will continue to be involved in helping steer the business.