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Thursday, April 08, 2021

Farm Bureau Ag Innovation Challenge open until Aug. 20; will award $165,000 in startup funds to 10 businesses

The American Farm Bureau Federation is accepting entries for its eighth annual Ag Innovation Challenge, a nationwide business competition for startups that address issues facing American farmers, ranchers and rural communities. Contestants can address longstanding challenges such as labor access, yield optimization, and operating cost reduction, or new issues.

The competition will award $165,000 in startup funds to 10 businesses: $50,000 to the winner; $20,000 to the runner-up; $15,000 each to two finalists; $10,000 each to six semi-finalists; and $5,000 to the People's Choice Team, chosen by public vote (all 10 finalists are eligible). The application deadline is Aug. 20.

Click here for a timeline of the competition and more details, including profiles of past winners. 

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