October 10, 2022

 

US AFBF: New competitor joins semi-finalist teams in Ag Innovation Challenge

 

 

The American Farm Bureau Federation, in partnership with Farm Credit, has announced a change in the 10 semi-finalist teams in the 2023 Farm Bureau Ag Innovation Challenge.

 

California, US-based Vence was acquired by another company and no longer qualifies for the competition.

 

Iowa-based ChopLocal is now one of the 10 semi-finalist teams.

 

"We congratulate the owners of Vence and wish them all the best as they move forward with this exciting opportunity," said AFBF president Zippy Duvall. "Recognising entrepreneurs who are committed to helping rural communities and supporting farmers and ranchers in their mission to provide the food, fuel and fiber we all rely on remains a cornerstone of the Ag Innovation Challenge."

 

The competition provides an opportunity for individuals to showcase ideas and business innovations in agriculture. This is the ninth year of the challenge, which was the first national business competition focused exclusively on rural entrepreneurs launching food and agriculture businesses.

 

The 10 semi-finalist teams will compete at the AFBF Convention in San Juan, Puerto Rico, on January 6 to advance to the final round where the four finalist teams will receive an additional US$5,000 for a total of US$15,000 each. The final four teams will compete live in front of Farm Bureau members, investors and industry representatives on January 8, to win three top titles and prizes.

 

The semi-finalist teams will also participate in pitch training and mentorship from Cornell University's SC Johnson College of Business faculty prior to competing at AFBF's Convention.

 

Additionally, they will have the opportunity to network with industry leaders and venture capital representatives from the Agriculture Department's Rural Business Investment Program.

 

- AFBF

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