AFBF Encouraging Ag Businesses To Apply For Innovation Challenge

The American Farm Bureau Federation, in partnership with Farm Credit, is accepting applications now through July 31 for the 2021 Farm Bureau Ag Innovation Challenge. The Challenge showcases U.S. startup companies addressing challenges faced by American farmers.

Dana Mohr with Coeur D’Alene-based HydroSide won the 2020 Ag Innovation Challenge. He noted winning transformed his business.

“It’s hard to place a value on relationships and credibility. And so, for us, the money was fantastic. Really, of even greater value was relationships that flowed out of the challenge because the credibility we gained was something that’s hard to quantify.”

Mohr added the challenge improved his business beyond just the prize money.

“We had just completed a complete redesign of our product. And that demanded that we really reassess our business plan. Really, the process and the competition demanded that we look at that through a fresh lens. And, it really allowed us to put it under some great scrutiny specific to the industry, which was amazing.”

The award for the Farm Bureau Entrepreneur of the Year was recently increased to $50,000 for 2021. Farm Bureau will award a total of $145,000 in startup funds to ten businesses.

Click Here to learn more or apply.

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