The American Farm Bureau Federation (AFBF), in partnership with Farm Credit, has announced a change in the 10 semi-finalist teams in the 2023 “Farm Bureau Ag Innovation Challenge” after one of the participants was acquired.
Now in its ninth year, the Challenge is 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 for the opportunity to advance to the final round where the four finalist teams will receive an additional $5,000 for a total of $15,000 each. Those 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:
- Ag Innovation Challenge winner ($50,000);
- Ag Innovation Challenge runner-up ($20,000); and
- People’s Choice winner selected by public vote with an additional $5,000 (all 10 semi-finalist teams compete for this honor).
Unlike in several of the past years, there are no semi-finalists from Tennessee. Click here to see who did make the list.