Applications for the 2020 Farm Bureau Ag Innovation Challenge will be accepted through Oct. 14.
The sixth annual Farm Bureau Ag Innovation Challenge, hosted by the American Farm Bureau Federation in partnership with Farm Credit, is a national business competition for food and agriculture startups. Entrepreneurs will compete for $145,000 in startup funds.
Startup funds for the challenge are provided by Farm Credit, John Deere, Bayer Crop Science, Farm Bureau Bank and Country Financial.
"Rural entrepreneurs face a number of additional challenges compared to their urban counterparts," said AFBF President Zippy Duvall. "These include limited access to broadband, high transportation costs and a lack of access to business networks. We’re very interested to see how entrepreneurs working in food and agriculture will use startup funds provided by the challenge to take their businesses to the next level."
Ten semi-finalist teams will be announced on Nov. 22 and awarded $10,000 each. All of those teams will travel to AFBF’s convention in Austin, Texas, in January to compete in a live competition to be the Farm Bureau Entrepreneur of the Year.
To apply for the Farm Bureau Ag Innovation Challenge, competitors can do so online at fb.org/aginnovationchallenge. Detailed eligibility guidelines, competition timeline, videos and profiles of past challenge winners are also available at the same site.