The American Farm Bureau Federation will accept applications through Aug. 20 for the 2022 Farm Bureau Ag Innovation Challenge. This national business competition showcases U.S. startup companies addressing traditional or new and emerging challenges faced by America’s farmers, ranchers and rural communities.
The winner of the Farm Bureau Entrepreneur of the Year will receive $50,000. The runner-up will receive $20,000 and a People’s Choice winner will receive $5,000. Farm Bureau will award a total of $165,000 in startup funds provided by sponsors, which include Farm Credit, Bayer Crop Science, John Deere, Farm Bureau Bank, Farm Bureau Financial Services and FMC Corporation.
From the pool of entrepreneurs, 10 semifinalist companies will be selected to compete at the AFBF Convention in January 2022. The 10 semifinalist teams will be announced Oct. 5 and awarded $10,000 each. In the final round, four teams will receive an additional $5,000 and compete in front of Farm Bureau members, investors and industry representatives.
Entrepreneurs must be Farm Bureau members to qualify as top 10 finalists. Nonmembers can join a state Farm Bureau of their choice.
For more information, and to apply, visit AFBF's website, www.fb.org/land/ag-innovation-challenge-2022.