American Farm Bureau Federation and Farm Credit announced the 10 semi-finalist teams in the 2021 Farm Bureau Ag Innovation Challenge on Oct. 5.

“The hard-working entrepreneurs recognized today are committed to providing solutions for some of the biggest challenges facing agriculture,” said AFBF President Zippy Duvall. “This includes supporting farms, ranches and rural economies affected by the COVID-19 pandemic.”

The 10 semi-finalist teams were awarded $7,500 each. The finalists:

The 10 semi-finalist teams will compete at the AFBF Convention on Jan. 8, to advance to the final round where the four finalist teams will receive an additional $7,500 for a total of $15,000. The final four teams will compete live in front of Farm Bureau members, investors and industry representatives on Jan. 12, to win:

Farm Bureau Entrepreneur of the Year, for a total of $50,000

People’s Choice Award, for a total of $20,000

The top 10 semi-finalist teams will participate in pitch training and mentorship from Cornell University’s SC Johnson College of Business faculty, and network with representatives from the Agriculture Department’s Rural Business Investment Companies.

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

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