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A new survey of agribusiness professionals found that more than 70% spend more than 11 hours a week collecting, collating and analyzing data. It’s a challenge being tackled by Brazilian company, Sensix, and CEO Carlos Ribeiro joins us today to talk data as a huge task on-farm and their role in optimizing decisions for farmers.
Tremendous troves of data exist on the farm and, surprisingly, Carlos says the problems facing farmers in the U.S. are much the same as they are in Brazil. He gets into decision science and stresses the importance of mindset for tech adoption – despite the size of the farm.
So how is Sensix uniquely solving this problem? A tech guy at heart, Carlos says he realized the amount of data needed to adequately manage farms. He tells the Sensix story, consolidating software and creating one interface for the farmer.
In a time of tight farm margins, tech adoption is a tough sell. Carlos dives into their mission for a clear return on investment and putting money in farmers’ pockets in the short and long-term. On his recent visit to Indiana, he marvels at farmers’ data logs, appetite for decisions and looks ahead to what’s next for Sensix.
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From the grand opening of BioBond's new Indiana location to the announcement of Sustainea and Primient's $400 million announcement, it's been a massive month for bioinnovation news. Mitch Frazier and Cayla Chiddister recap the month and look ahead to the rest of 2024 -- including AgriNovus' last QUADRANT of the year.
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The total healthcare spend relating to poor diet is quickly approaching $4 trillion annually according to the American Heart Association. This doesn't even include lost worker productivity. One of the key contributing factors to that is access to healthy foods. Scott Massey, founder and CEO of Anu, is an entrepreneur that unites the power of technology and health to bring a new category of innovation to agbioscience. He joins us to talk the access gap to nutrition in our country and Anu’s approach to nutrition – right at the point of consumption.
From perishability to socioeconomics and beyond, nutrition access has many challenges to overcome. Scott gets into how Anu has brought their innovation to market – from homes to larger community-based organizations such as hospitals, churches, schools and beyond. He talks balance between developing top-notch hardtech and building a business for scale – and emphasizing their mission to not build the biggest tech system for indoor farming, but one that is most distributed.
As the recent winner of AgriNovus’ HungerTech Challenge, a grant from the National Science Foundation and beyond, there is wind in Anu’s sails. Scott dives into what’s next, staying strategic and his advice to entrepreneurs who aspire to get started.
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Company culture is often referred to in business books and board rooms, but is hard to define. Beck’s Hybrids’ Bethany Gremel, Director of Brand Experience and Culture, joins today to answer a few big questions: what is company culture? How do you define it for impact?
Bethany gets into culture as a living organism that needs fed and its foundation being a series of behaviors rather than words. She also talks about culture and brand working together, how their team fosters culture at Beck’s and getting new people integrated into the company successfully – starting with their interview process.
How does culture keep going as employees age with the company? Bethany stresses the importance of loving and caring in the workplace and how what happens inside the company shows up on the outside of the company. Beck’s has expanded significantly over the last several years and as they’ve scaled, Bethany gets into the notion of “you cannot create culture, you have to catch it.”
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About 1.6 million barrels per day of petroleum jet fuel were consumed in the United States in 2023. That number is expected to increase to nearly 2 million barrels daily by 2050. Southwest Airlines is taking a bold move, migrating away from petroleum to sustainable fuels. Anthony Gregory, COO of Southwest Airlines Renewable Ventures, joins today to talk about its impact on agbioscience innovation, farmers and airline travelers in the future.
As one of the world’s largest airlines, Anthony gets into Southwest’s proactive approach to sustainable aviation fuel, their investment arm aiding new companies in this space and seeing agriculture and aviation industries come together. He also talks about sustainable aviation fuel as a new market for ethanol producers and the critical role of the Midwest economy – farmers, universities, large-scale airline hubs and more – to lead in this space.
So what will it take for sustainable aviation fuel to become a reality? Anthony talks economic and environmental sustainability, the current challenges facing SAF consumption and how ethanol producers can begin the process of increasing demand. He also talks alternative feedstocks and other byproducts in SAF production – and the Southwest Airlines investment approach to new technologies that that help bring innovation in this space to market.
Anthony talks through this journey with Southwest Airlines and their stance of being “one of many.” Airlines are trying to make a big leap in this space and he’s optimistic that small steps forward in this space will create long-term lasting impact.
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Corn prices hit a 4-year low in Q3, on the prospect of a record harvest. That data follows research and insights from USDA that expects net farm income to be down 25% year over year. One solution to this challenge is innovation. Tim Hassinger, CEO of Intelinair, joins today to share perspective on the market and innovation’s role in driving net farm income and operational efficiency.
Agriculture is a cyclical business and the industry is certainly going through it now. Tim talks managing today for how you want to come out of this economic turbulence, what he hears from farmer customers (hint: it’s realism) and how innovators should be operating for success.
Where is Intelinair finding their success? Fresh off winning AgTech Data Analytics Company of the Year at the AgTech Breakthrough Awards, Tim talks growing and scaling their business and their continued pursuit of adding tools to their suite that help the farmer make better decisions and – ultimately – save money.
How does the former leader of Dow AgroSciences and Lindsay Corporation feel about his time as CEO of Intelinair? Tim talks about new challenges, adjusting his mindset to meet the needs of the business and what has him excited as he looks to the future.
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Happy International Podcast Day! Mitch Frazier and Cayla Chiddister recap the agbiosciences in September and look ahead to upcoming events. Key takeaways include:
- Artificial intelligence (AI) moving from hype to help + the recent conversation at AgriNovus' QUADRANT with Kristen Owen (Oppenheimer + Co.), Aaron Schacht (BiomEdit) and Brad Fruth (Beck's Hybrids)
- The collaboration and joint venture between Corteva Agriscience and Pairwise (via Corteva Catalyst) -- a $25M investment to advance gene editing
- A recap of NASDA (National Association of State Departments of Agriculture) + audio with Chuck Magro (Corteva) and Jeff Simmons (Elanco)
- A preview of our December QUADRANT. Register here: https://agrinovusindiana.com/quadrant/
Past episodes mentioned:
Aaron Schacht + Eric Bonabeau (BiomEdit): https://podcast.agrinovusindiana.com/public/215/Agbioscience-8a9a4381/7d349933
Elliott Parker (High Alpha Innovation): https://podcast.agrinovusindiana.com/public/215/Agbioscience-8a9a4381/a43e4c6c
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It’s estimated that disease could cost the global food system up to 20% of production and one scientist is turning to the plant itself to change that. Dr. Kyle Mohler joins us today to talk his recent win at the Rally In-Prize Pitch Competition, his work to detect disease in plants much earlier and the Insignum AgTech’s startup journey in 2024.
Insignum AgTech’s traits allow for the farmer to detect when disease is coming – nearly a week before you would actually see symptoms – an opportunity for farmers to treat with precision and before things are past a point of no return. Kyle gets into the farmer feedback surrounding the technology in action and how it serves as a decision-making tool for their operations.
Fresh off a win at the Rally Innovation Conference In-Prize Pitch Competition, Kyle talks scaling via test plots across the Midwest. He also talks great milestones for Insignum AgTech in 2024 and where they hope to be headed in the future.
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The cornerstone of the agbioscience economy is production agriculture. Without farmers, no amount of agtech, animal health, or plant science would ever be applicable to feed and fuel this world. Today we are joined by Leah Anderson, SVP of Land O’Lakes and president of WinField United, to talk about her drive and motivation to help the farmer – and putting it into action.
Key Takeaways:
The farmer perspective headed into harvest including some stress surrounding commodity prices, input costs and declines in farm income levels. Challenges for Land O’Lakes and WinField United ahead of next growing season – from access to labor and investment decisions – and how they’re helping the farmer with those hurdles. Data as a decision driver and the Advanced Acre Rx program as a prescription suite of tools based on a farmer’s most pressing individual needs. The cooperative model as a differentiator for farmers and the emerging innovations that have Leah most excited – including AI biologicals and evolving new markets (Carbon, water, etc.). -
Innovation in agbioscience has never been more critical. In today’s tough economy, farmers are looking for new ways to generate margin and with geopolitical instability around the world, food’s stabilizing force around the world is taking center stage. Former Army Colonel and Executive Vice President of The Directions Group (Aimpoint Research) joins today to talk forces of change in our food system, food security as national security and innovation for the farmer.
Key Takeaways:
The Directions Group’s recent Farmers of the Future research dives into how farmers are evolving, what they need and how his team sees this landscape changing in the future – including consolidation. Agbioscience’s critical role in human health and its impact on our national security and military service. Mark’s work with Indiana farmers to define the critical challenges facing their operations as the launch point for this year’s Producer-Led Innovation Challenge and The Directions Group’s methodology of tackling this feedback. Labor management and administrative burden as huge hurdles for farmers to be successful – and why talking with a farmer will drive better outcomes for innovators.Read the study, Producer-Led Innovation Challenge Opportunity Identification, at agrinovusindiana.com/research.
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Sustainability in agbioscience requires two key inputs: environment and economics. Today we are joined by Rumin8’s head of research and development, Dr. Lucas Huntimer, to talk economic durability, sustainability and how his team aims to decarbonize 100 million cows by 2030.
Lucas dives into the challenge at hand – methane – and Rumin8’s differentiated approach to innovating in this space. Rather than focusing on methane knockdown, their team is redirecting methane emission back into productivity, returning investment back to the producer.
With an uptick in innovation happening in this space, we had to ask: why now? Lucas talks through the rise in focus surrounding cattle, their bold mission to decarbonize 100 million cows by 2030 and the hurdles they’ll face to get there, from regulatory to capital.
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Discover the journey of Salena Scardina, from her start at McDonald's Corporation to becoming the Chief Marketing Officer of the Indiana Economic Development Corporation, and her mission to redefine Indiana's global brand. In this episode of Agbioscience, Salena shares her insights on the customer experience, the power of understanding your audience and the innovative promise of Indiana's economy looking toward the future. Dive into the discussion on how Indiana is boldly claiming its place on the world stage, thanks to strategic branding and a deep commitment to innovation in agriculture, technology and touting what we do best – work together to achieve big outcomes.
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Venture capital has become synonymous with innovation. And one firm is turning to an event featuring world renowned artists, actors, athletes and innovators (plus a multi-million-dollar pitch competition) to drive new creative collisions. Toph Day, CEO of Elevate Ventures and mastermind of the Rally Innovation Conference, joins today to talk the state of venture capital, false growth driving bad decisions and his optimism heading into the last quarter of 2024.
Part of his optimism starts with a major event kicking off in Indianapolis this week – the 2nd Rally Innovation Conference. Toph stresses the value of other vertical perspectives, bringing a wide range of expertise together at Rally and what attendees can expect at the event this week (in one word: Toph says to expect magic).
What’s so different about Rally, anyway? Toph acknowledges that innovation doesn’t happen 1 on 1 between investor and entrepreneur and introduces a critical figure to the process: the disparate stakeholder (the figure upon which the event was launched). Between the demo floor, nationally renowned keynote speakers and a multi-million-dollar pitch competition, Rally is designed to bring together leaders across multiple disciplines to drive new, creative waves of innovation.
With over 3,000 attendees in year one, Toph has a big vision for Rally’s sophomore season. This includes keynotes from Tia White, Alex Rodriguez, Marcus Lemonis and Jann Mardenborough (think creative collisions) + fantastic breakout sessions across food and agtech (among other verticals).
Learn more about Rally at rallyinnovation.com. Use code RALLYAgrinovus to get 40% off your ticket.
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The animal health market – estimated by many sources to be $60 billion globally – spans everything from pet health to livestock and holds applications for innovations in feeds, vaccines, therapeutics and beyond. Joining us this week to talk about this evolving market is Tim Bettington, EVP of Corporate Strategy and Market Development at Elanco, to share his front row view on the evolution of animal health and the driving forces behind its growth.
Tim talks Elanco’s bifurcation between pet and livestock health, the dynamic challenge of bringing innovation to market in both categories and their unique individual challenges and opportunities. He also gets into investment dollars flowing heavily into the pet space – and how to balance that against innovation in livestock as potential to transform our food system and planet.
Innovation in livestock has been focused largely on methane reduction in cattle and Tim shares Elanco’s approach to creating products for the animal health space while also giving farmers a pathway to economic and environmental sustainability. Tim talks their partnership with Athian, the launch of Bovaer in the U.S. market and Elanco’s role in the future of the agricultural industry.
How does Elanco view their balance between internal R&D and external partnerships? Tim dives into the critical role of artificial intelligence (AI) to optimize solutions to problems more quickly and what emerging trends will create a bigger footprint moving forward. He also talks the OneHealth Innovation District coming to Indianapolis, innovating for overall health and what’s ahead.
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Food: it’s the only economy that touches every person the planet and ideally, we have a relationship with it three times a day. Despite that, many don’t know where their food comes from or its connection to the farm. Christy Wright, Director of Global Food at Corteva Agriscience, joins us today to connect the farmgate to the dinnerplate, the global challenge of food security and what dynamics play into the food economy.
Christy dives into what unites farmers and consumers: the desire for a safe, affordable food supply created sustainably. She also gets into the convergence of food and health, Corteva’s role in optimizing nutrition across the globe through farmer inputs and linking arms with food companies to optimize ingredients.
As food continues to optimize for health, what emerging trends excite Christy? She talks biologicals, regenerative agriculture and other “leveling up” solutions that create healthy crops that meet the needs of a growing population.
As for how the needs of farmers are being met on the other end of the value chain, Christy also gets into Corteva Catalyst, bringing innovation to market and what she sees as the next chapter of our food system.
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Cooperatives and retailers have been critical infrastructure for agriculture for generations. Keystone Cooperative CEO, Kevin Still, joins today to discuss their key role on farming operations and how ag retail has evolved since its inception.
As on-farm technologies continue to advance so does its role in cooperatives’ product portfolio. Kevin dives into Keystone Cooperative’s approach to being a trusted advisor on products and solutions that create value for their farmers – from data management to labor.
Keystone Cooperative is just a few months old and Kevin gives an update on their people, processes and bringing synergies together. Looking ahead, he talks investing in new technologies at scale and being a conduit between emerging technologies and the farmer. He also gets into the next four decades of agriculture and a new evolution of the farmer.
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July was a month of momentum for the agbiosciences, including the release of new research that revealed Indiana agbioscience contributes nearly $70B to the state’s economy. We are here to recap the month:
Accelerate 2050 – a new study that highlights three priority opportunities for the agbiosciences including Food is Health, Farmer-Focused Innovation and Farmer-Focused Innovation. We also hear RTI’s Jim Redden’s comments on what these areas of focus mean for Indiana – and around the world. Heartland BioWorks – recently announced a nearly $51 million implementation grant made possible by the Regional Technology and Innovation Hubs program created by the CHIPS and Science Act of 2022. Vital Farms – expanding its supply chain to Seymour, Indiana with plans to break ground in 2025 and be fully operational in 2027. This will add 150 new jobs to the area. IBJ 250 – celebrating agbioscience representation on Indiana’s list of most prominent leaders! We are hitting the road for more! West Lafayette and Bedford – join us! Click here to register for these free events: https://agrinovusindiana.com/events/accelerate-2050-driving-growth-in-the-future/ QUADRANT is also back in September. Register here: https://agrinovusindiana.com/quadrant/Other episodes of Agbioscience mentioned:
Dr. Kofi Essel, Elevance Health - https://podcast.agrinovusindiana.com/public/215/Agbioscience-8a9a4381/6d11d81a Dave Roberts + Andrew Kossack, Applied Research Institute: https://podcast.agrinovusindiana.com/public/215/Agbioscience-8a9a4381/22551e39 -
Food – it's the only economy in the world that touches every person on the planet and it’s foundational to human health. So much so that leaders across the economy are uniting the power of food to drive health. It’s a new category of innovation called Food is Health and the nation’s 2nd largest health insurer, Elevance Health, is investing in this area. Dr. Kofi Essel, Food as Medicine Director at Elevance Health, joins today to talk food preventing, managing and treating disease.
Poor diet is one of the leading risk factors for decreased quality of life and premature death. A former pediatrician, Kofi talks about food as medicine being great healthcare and social drivers of health being critical to what happens within the four walls of a doctor’s office. He also stresses the importance of thinking beyond those experiencing food insecurity to nutrition security – ensuring access to the right types of food for their overall health.
The innovative intersection of human health and food is headed for a revolution – and digital is a big piece of that. Kofi gets into Elevance Health’s role in this space and bridging the gap between nutrition supply and demand. As he speaks on hunger as a pervasive problem in the United States, Kofi talks about the innovative solutions that will be needed – and that includes the AgriNovus HungerTech Challenge – designed to create digital solutions that increase access to food and nutrition.
How will we know if food is health is making a difference? Kofi talks health outcomes data, costs of healthcare and thinking about nutrition equity no matter your location.
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A team of researchers recently dug in to Indiana’s $69.6 agbioscience economy and its opportunities for growth well into the future – 2050, to be exact. Amanda Rose, agri-food systems lead for RTI International, joins us to elaborate on the newly released study, Accelerate 2050: A Vision for Indiana Agbioscience, and three defined opportunities for differentiated growth amid future uncertainty, including:
Farmer-Focused Innovation Food is Health BioInnovationWhy these opportunities? Amanda gets into the study’s methodology, marrying economic data with strategic foresight and creating the conditions for a future economy you want. These aren’t ideas bouncing off the wall but are grounded in existing assets that make Indiana unique. She also talks economic data, establishing a benchmark for future competitive analysis and how the data compares relative to other industries.
This study was largely about the future, so what’s ahead? Amanda talks about possible future scenarios for agbioscience on a global scale and the importance of operating and innovating at unique intersections to drive big outcomes – for people, plants, animals and the planet.
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