Are you an entrepreneur who has created an innovative solution for a problem farmers, ranchers or rural communities have? American Farm Bureau and Farm Credit are looking for 10 such businesses to award a total of $165,000 in startup funds.
Applications for the 2022 Farm Bureau Ag Innovation Challenge will be accepted until Aug. 20, 11:59 p.m. EDT. The challenge is looking to reward entrepreneurs who are addressing traditional challenges farmers face on their operations, such as access to labor, optimizing yield, or reducing operating costs, or new issues facing agriculture.
Prizes will be awarded as follows: $50,000 to the top challenge winner; $20,000 to the challenge runner-up; $15,000 each to two finalists; $10,000 to six semi-finalists; an additional $5,000 to the People’s Choice chosen by public vote (all 10 contestants are eligible).
Ten semi-finalist teams will compete at the 2022 AFBF convention in Atlanta in January. The final four teams will give live presentations to compete for top honors.