Farm Bureau to award $145,000 in startup funds to rural entrepreneurs
For the seventh year, the American Farm Bureau Federation has partnered with Farm Credit to award startup funds as part of the Farm Bureau Ag Innovation Challenge.
The national competition is awarding $145,000 to rural entrepreneurs who are addressing both traditional challenges farmers and rural communities. The funds are provided by Farm Credit, John Deere, Bayer Crop Science, Country Financial, Farm Bureau Financial Services and Farm Bureau Bank.
“In light of the impacts Farm Bureau members are experiencing from COVID-19, solutions from entrepreneurs are needed more than ever to help farmers, ranchers and rural communities,” said AFBF President Zippy Duvall. “We’re very interested to see how entrepreneurs will use startup funds provided by the Challenge to help support farms and ranches and grow the rural economy.”
The top prize of $50,000 will be awarded at the AFBF Convention in January of 2021, where all 10 semifinalists will be invited. Each semifinalist will be announced in October and receive $7,500.
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