Agbioscience

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 BioInnovation Why 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.

Artificial Intelligence (AI) has projected to move from hype to help in 2024, generated by a shift in the global economy. There are tech companies taking that ambition and turning it into a reality and one of them joins us today. Dustin Sapp, CEO of Traction Ag, addresses farm accounting through technology, the sophistication of farming operations and how little of that innovation has hit farmers’ back offices. How do farmers actually manage their books? Dustin says it’s a patchwork of solutions that take lots of time, spreadsheets and occasional uncertainty – something Traction Ag is well positioned to solve. He also gets into the vote of confidence from investors of late, all centered around the idea of improving the economic prosperity of farmers. Dustin also talks about their approach to responsible growth and building something that lasts so that farmers count on it as a trusted source for years to come. In a tough time for innovators trying to fundraise, what is Traction Ag doing different? Dustin stresses the importance of demonstrating value, telling your story well and the vision you have for your business. How will AI create more help at the farmgate? Dustin talks about AI not being a hero for bad solutions and how his tech background has paved the way to the opportunities he’s had to date.

Capital and science – two key ingredients that are shaping the future of the agbioscience economy. Dr. Jaleh Daie, Managing Partner of Aurora Equity, joins us today to talk about the state of risk capital in agbioscience, the round trip we’ve taken in the last six years and how it compares to other areas of investment. With Jaleh’s rich background in education and focus on science, what unique opportunities have been created for her? She talks doing good for humanity, trailblazing for women in science and seeing innovation through a scientific lens. Jaleh talks investment in agtech being in the “early innings” and big trends getting a lot of traction – including biologicals, gene editing and artificial intelligence (AI). Jaleh gets into digital and its potential to transform agriculture – from the farmgate to the dinner plate – and the opportunities to innovate in a tightening farm economy. She stresses the importance of understanding the needs of farmers and her excitement surrounding upstream innovation to create better margins and profitability for farmers around the world.

Biologicals – the broad category of ag input products derived from living organisms – have experienced significant growth in terms of adoption and investment. An analysis of Pitchbook data reveals there have been more than 6,000 deals in the global ag biotech market over the past decade. One of those companies driving growth is Biodyne USA. This week, we are joined by their National Director of Agronomy, Bodie Kitchel, to talk Biologicals vs. Biostimulants and what’s driving growth in the space. For Bodie, everyone’s “why” looks a little different when it comes to the adoption of biologicals and farm economics are certainly a piece of that. He gets into the farmer mindset around adopting innovation to leverage net farm income and Biodyne being an education company to help farmers learn where their dollar has the most value. Bodie also talks about needing economic impact right away but also balancing that belief with the value of economic impact in years two, three, four and five. With his experience in ag retail, how has Bodie seen innovation evolve? He talks about positioning, investment and companies being afraid of the unknown. Looking ahead, Bodie talks about that fear being outweighed by the urgency around innovating – and Biodyne USA doing it with speed.

June was a busy one! From a trip to the Animal Health Nutrition Technology and Innovation Conference in Boston to hosting college students at agbioscience companies across Indiana, Mitch Frazier and Cayla Chiddister look back at the past month, what’s happening and what’s ahead. Hear from animal health innovators including Dr. Johanna Majamaa of GekkoVet and Celine Halioua from Loyal on bringing new solutions to market, the challenges they face and the opportunities that lie ahead in the future. We also dive into Elanco’s announcement of FDA approval for Bovaer, a feed additive for lactating dairy cows that reduces methane emissions. We also welcomed nearly 30 college students from campuses across Indiana to tour agbioscience companies over the last month! Hear from Ball State chemistry student, Rilynne Puckett, on her experience and what she learned. QUADRANT is coming July 17 in Indianapolis! Register here at agrinovusindiana.com/quadrant. Lastly – Agbioscience is adding video! Watch, listen – whichever you prefer.

There are over one billion cattle globally, emitting methane through a natural process called enteric fermentation. Reducing emissions have become a top target of innovators across animal health and one company out of New Zealand is tackling the challenge from inside the cow. This week, we are joined by Mark Weldon, chairman of Ruminant BioTech, to talk about their bolus – a slow-release device that sits in the cow’s stomach for up to six months and delivers high levels of methane knockdown (think over 70% across a 90-day window). How was this bolus developed? Mark talks about the mini pilot that launched Ruminant BioTech and the growing conversation around methane emission suppression. He also gets into factors that are paving the way for innovations like this to emerge and creating value -- starting with the rancher and moving all the way through the food system. What makes Ruminant BioTech different than other aiming to mitigate methane emissions? Mark talks about their differentiation, acquiring funding (good returns for doing good) and their plans to scale outside of New Zealand.

Early identification of diseases in animals is critical to the future of the food system, national security and our ability to care for our pets. One company is harnessing the power of biology to accelerate identification and joined us from the Agbioscience Podcast Corner at the Animal Health, Nutrition, Innovation and Technology Conference in Boston. Eve Hanks, founder and CEO of MI:RNA Diagnostics, joins us to talk their biomarker platform reliant on microRNA that has the potential to transform the future of animal health. Eve gets into how the platform works and success her team has experienced since spinning out of Scotland’s Rural College. She also talks the importance of partnerships to drive innovation forward. With diseases like Avian Flu and African Swine Fever threatening the global food system, how can a tool like MI:RNA help? Eve talks combatting disease in animals and how an increased awareness of microRNA is driving interest in her team’s work.

Innovation in the agbiosciences is foundational to life – and it’s only accelerating. From biotech to production, food is transforming; and today’s guest is leading the charge on a new way of producing protein. Daniel Russek, CEO of Atarraya, joins us to talk the idea of sustainability, what it actually is and thinking long-term to achieve meaningful outcomes in this space. From greenwashing to social media allowing people to be “kind of informed” about the state of the planet, Daniel says sustainability has to coexist with strong economics. He dives into how he sees the future of food and Atarraya tackling the fastest-growing source of protein: shrimp. Atarraya’s innovation in aquaculture has been evolving for over a decade at this point and Daniel talks about the best resource for developing their technology: conversations with people. And it’s paid off. TIME Magazine named Atarraya one of the top 200 inventions of the year. The team also was a gold recipient of The Edison Award; with all this momentum, where do they go next? Daniel talks expanding production, the importance of partnerships and bringing food production back into its natural cycle.

Labor remains one of the greatest challenges facing the economy. Solinftec is addressing the problem with autonomy and artificial intelligence focused on improving crop performance. Today we are joined by their Chief Global Strategy Officer, Leo Carvalho, to talk accelerating in a crowded market and creating a value proposition for farmers. Leo gets into the company’s evolution since its expansion to the U.S. -- from developing technologies to identify problems to new solutions that also solve them. As a technology company, he also stresses the importance of creating concepts that are tested, refined and – candidly – co-created by farmers. The launch of their Solix sprayer addresses all the things Leo says Solifntec aims to accomplish: to create more food, sustainably, while also making the farmer more profitable. As a seventeen-year-old Brazilian company that started in the sugar industry, Leo talks about lessons learned as they’ve grown and expanded into new markets. Farmers plant crops once a year, so listening to their needs is critical to timely success. Leo also shares Solinftec’s objectives for the future and how agtech will continue to evolve.

It’s May in Indiana and major headlines abound as The Greatest Spectacle in Racing coupled with the Global Economic Summit (GES) put the state on the world’s stage – for racing spectators and innovators alike. Today, Mitch Frazier and Cayla Chiddister recap the month including major news in the agbiosciences from Elanco, Purdue, Elevate Ventures and Traction Ag. Elanco and Purdue announced a OneHealth Innovation District as part of the company’s new campus west of downtown Indianapolis. The facility is designed to deliver and scale up innovation where industry and academia can collaborate including office, wet lab and incubator space. Elanco plans to also contribute up to $2M of initial funding to jumpstart a new Animal Health Ventures Fund to support early-stage innovators, in close coordination with the Indiana Economic Development Corporation (IEDC), to take advantage of available tools and programs that support startup activity in this space. From GES it was also announced that Elevate Ventures will launch a new $100M fund focused on cross-sector innovation driven growth stage companies with a $500M total addressable market (TAM) or greater. The fund will commence formation in late Q2 with targets to make first investments in 2025. Traction Ag also announced a $10M Series A round led by Cooperative Ventures and joined by Plymouth Growth and existing investors. The investment was designed to support platform development and business growth.

The year 2024 is where AI moves from hype to help in agbioscience. Today’s guest is bringing that prediction to animal health. Ben Allen, CEO of BinSentry, joins us to talk the biggest challenge facing animal producers; one that can be controlled? Feed. Specifically, how do you get the right feed to the right place at the right time? With feed as a gigantic expense to producers, Ben gets into BinSentry’s technology creating economic efficiency and how better data allows farmers to see things they might not see coming. He also explains BinSentry’s tech platform and being able to manage variables they’ve not been able to before, ultimately impacting their bottom line. How does BinSentry think about the next evolution of AI? Ben talks about the full automation of logistics and planning – and he says we are much closer to that than anyone thinks.

The bioeconomy – where feedstocks from agriculture are transformed into new products – is poised to surge to more than $30 trillion dollars over the next two decades. The White House calls its potential “enormous,” and there’s an organization leading the effort to create infrastructure around this opportunity. Today, BioMADE Chief Technology Officer, Melanie Tomczak, joins us to tell us 1) what exactly the bioeconomy is, 2) the role of BioMADE in its growth and 3) the unique connection between people, plants and animals. Where are the greatest opportunities for growth in bioinnovation? Melanie talks cross-sector collaboration and pushing things from early-scale to commercial scale – getting entrepreneurs out of the “Valley of Death.” She also gets into creating resilience and sustainability in U.S. supply chains in a post-pandemic world also experiencing political unrest and geo instability. What’s ahead? BioMADE recently named six states (Indiana being one) to a short list of geographies that could fill a need that doesn’t exist in the US today: allowing innovators to start the scale-up process without the investment into new facilities, allowing for emerging technologies and products to flow through the U.S. more quickly.

From food production to R&D in plant science and animal health, agbioscience is a capital-intensive business. This week, we are joined by Growers Edge Chief Commercial Officer, Todd Robran, to talk reducing risk for farmers, partnerships with ag retailers and how models could be shifting to reward growers with lower rates for more productivity. Todd also gets into data as a differentiator when it comes to lending and risk management, the current challenges in the agbisocience landscape – from tight commodity markets to interest rates – and how Growers Edge is navigating those waters. He also talks backing innovation for farmer confidence to drive efficient decision-making and creating incentivize gpt farmers alongside ag retailers. As experts in fintech, how does Growers Edge see themselves when it comes to the adoption of new and emerging technologies? Todd talks about where the company has been, where it’s headed and how he sees the next chapter of agtech coming to fruition.

The rise in alternative foods has become a growth driver for the food industry at large and has created new opportunities for innovators and consumers to experience new foods, alike. This week, we are joined by Maizly CEO, Tim Leclercq, to talk about the most abundant crop in the world being transformed into a new drink: corn-based milk. From taste to mouth feel, Tim gets into Maizly’s differentiated product and functionality. He also talks about its environmental impact versus other milk alternatives and Maizly’s commitment to sustainability – from product creation to packaging. Why milk? And why corn? Maizly’s founding expands well beyond a business getting off the ground. Tim discusses their passion project in Sub-Sarahan Africa, nutrition access for infants as a challenge and their ability to deliver life-saving solutions to young babies. As Tim looks ahead at Maizly, the U.S. market is on the horizon; so what’s next? He talks working with corn growers, who is driving the next wave of food innovation (hint: he thinks there is a lot of smaller competitors coming) and when Maizly will hit store shelves and e-commerce sites near you.

It’s the end of the month, so you know what that means. AgriNovus CEO, Mitch Frazier, sits down with Cayla Chiddister to recap Indiana’s agbioscience trip to Brazil and Mexico with Governor Holcomb, creating new opportunities and driving economies forward. He also gets into big announcements and items on the move as it relates to bioinnovation, including an investment announcement from Liberation Labs and conversations with BioMADE. Innovators also made big moves this month and Mitch gets into students winning big at the Indiana Soybean Alliance’s Annual Soybean Innovation Competition. And oh yeah, we’ve got details on this year’s HungerTech Innovation Challenge winner, Anu, and their unique value and potential to deliver nutrition to homes across the world. Also, an invitation for college students over the age of 18. Join us for upcoming Field Atlas Company Tours coming up in May and June. Learn more and register here: https://agrinovusindiana.com/2024/04/09/field-atlas-agbioscience-company-tours/

Delegates from Indiana’s agbioscience sector traveled to Brazil and Mexico this month alongside Governor Eric Holcomb as the minutes tick away on his leadership of the state. Courtney Kingery, CEO of Indiana Corn Marketing Council and Indiana Soybean Alliance, joins Mitch for this episode from Mexico City to discuss the trip, its findings and Indiana’s unique advantage on a global stage. Courtney talks Brazilian companies seeking to understand the U.S. market, and the shared opportunities and challenges for farmers selling commodities in Mexico. There may be a cameo in this episode – shout out to Governor Holcomb – and Courtney talks through how trips like this one shape the future of our state’s economy.

Planting season is nearing in North America and as farmers head to the fields, they’re doing so in a tough global market for agricultural commodities. Those markets have an impact on nearly every facet of our daily lives. Today we are joined by Dr. Scott Irwin, author and Laurence J. Norton Chair of Agricultural Marketing at the University of Illinois, to share his market perspective (it’s on the side of bearish) and what he sees ahead. How low for how long? That’s a big question for the markets and one Scott dives into during the discussion. He also talks about his book, Back to the Futures, looking at the ag markets as an implication on the broader economy and educating a widespread audience using stories from his childhood on an Iowa farm.

We are living in a time of innovation crisis where most innovation isn’t driven by large corporations despite them being managed better than ever before, says High Alpha Innovation CEO Elliott Parker. One day ahead of his new book release, The Illusion of Innovation, he joins us to get into how corporations equipped for efficiency losing their resilience and why it’s dangerous to advancing innovation. Now this isn’t a hot take: Elliott believes in efficiency, but not as a lone strategy. He talks about controlled chaos, a systematic approach to experimentation and uncovering ideas to challenge things we think we know. So what do companies do? Elliott talks new funding mechanisms, finding the best home for innovations to grow and being contrarian to win over the long-term. The Illusion of Innovation comes out tomorrow, April 16. Learn more here.

Agbioscience is the only economy in the world that touches every person on planet, every day, given that it centers on food. Today we are joined by Lorelei Begin, Vice President of North American Retail for NielsenIQ to talk trends shaping food and what’s ahead for grocery store shelves in 2024. From ingredient labels being more closely examined by savvy shoppers to the uptick of wellness-related products gaining more traction, Lorelei lays out what is driving consumer behavior and purchase patterns. She also gets into data creating insights for food companies to get the ultimate in-store commodity: shelf space. Mitch and Lorelei take time to walk through consumers’ increased focus on health, GLP-1 drugs, how it’s shaping what goes in grocery carts and the food system’s response. How does a focus on health function in a tightening economy? Lorelei says food is first and a “better for you” lifestyle is staying resilient in these times. She also looks ahead to trends we could see impacting the food space and how that impacts consumers – no matter their budget.

As we head into the spring planting season, there is much focus on technologies and innovations that will enable producers to drive returns in a tightening farm economy. Andrew Sunderman, Join Venture Transition Lead for AGCO, joins today to talk about their new JV with Trimble and having an innovation ecosystem ready to serve the farmer – no matter how or what they’re investing in for their operations during any given year. In a time where it could be easy to say no to new tech or innovation, how does AGCO differentiate? Andrew talks control and accuracy, usability and optimizing outcomes. From their retrofit tech approach that helps to leverage smaller bets on-farm to improved performance of current equipment, he gets into solving problems that have never been met before and how the joint venture with Trimble will add continuation to their work.

Fresh off a plane from the World AgriTech Summit and following a keynote address on food security as national security, we are recapping a gigantic March in agbioscience. From Corteva’s big news in San Francisco last week to Indiana hitting the short list for BioMADE, we cover the latest industry topics and look ahead to what’s coming. Show Notes: Food Security as National Security Episode with U.S. Senator Todd Young: https://podcasts.apple.com/us/podcast/253-food-security-is-national-security/id1412179095?i=1000627443801 QUADRANT 7/17 registration: https://agrinovusindiana.com/quadrant/ Field Atlas: https://myfieldatlas.com/

On the ground at World AgriTech in San Francisco last week, Corteva announced the launch of a new investment platform forcused on bringing to market agricultural innovations that advance the company’s R&D priorities and drive value creation. We caught up with Tom Greene, Corteva’s Senior Director of External Investment, to talk through how the platform is designed, why it’s launching now and what it will mean for farmers in the future. Tom talks through the areas of focus for Corteva Catalyst and the types of companies that would be a great fit for the platform. Engaging in technology – no matter the stage – is the approach and he talks about the criticality of their partnership with Corteva’s larger M&A team to drive meaningful results. Corteva enters the market with this program at a time when commodity prices are low, investment in agricultural innovation is down and so the question has to be asked – why now? Tom talks about the long-term view that Corteva Catalyst will take, the excitement of being in agbioscience (despite the volatility) and what he envisions for the program in the future.

The connection between agbioscience and human health has become undeniable and in the case of Indiana – it's a differentiator. Today we are joined by Vince Wong, the brand new CEO of BioCrossroads to talk life sciences and extending the state’s leadership to drive growth. Vince talks about the challenges facing Indiana, where we are uniquely positioned to lead and the criticality of collaboration to elevate the state’s profile. Of course we also dive into the idea of plant, animal and human life sciences coming together to create new biotechnology innovation. Vince scratches the surface on what’s possible on the heels of Indianapolis’ designation as a U.S. Federal Tech Hub.

As a kid from Ohio that went to Purdue University and then worked for DuPont, Frank Klemens’ career has taken a trendline path to his role at Big Idea Ventures today. He joins this week to walk through their General Rural Partners Fund, taking innovation from university shelves and creating new companies in one of our country’s most untapped resources: rural communities. How does Frank and his team match innovation to the right community? Frank talks customers driving outcomes, the importance of corporate partnerships and the growing list of universities partnering with the firm to create new companies. He also dives into trends in IP across food and agriculture – including cellular meats, bio-based materials and animal management – that are creating a better rural America. Looking ahead, how do you create technical companies in rural America that also attract investment? Frank talks about Big Idea Ventures’ secret sauce, making food and ag an investment clear of confusion and their call to the rest of venture capital: come join us, we welcome your competition and it’s necessary to feed a growing world, sustainably.

From major companies to startups, one thing holds true from Amazon Web Services: they start with the customer in mind and work backwards. This week, we are joined by an agtech veteran and now the company’s Head of Worldwide Business, Agriculture, Elizabeth Fastiggi. She dives into their service across the whole value chain, how companies use AWS and the role of artificial intelligence (AI) in its stages of early adoption. Elizabeth also talks new applications and ensuring innovation is accessible. She talks Amazon’s Project Kuiper to increase global broadband access, providing service to early customers by the end of 2024 and agriculture’s opportunity to be in the midst of the early customer base. As an environmental science major, did she ever think she’d be here? Elizabeth gets into spotting the opportunities to make a difference using innovation and how she sees the future of agtech.

Doing good by doing well – it's a concept the AgriNovus Indiana team embraced when the HungerTech Innovation Challenge was launched. Three years later, it’s still going strong; and new solutions are hitting the market that better connect food supply with food demand. The 2024 HungerTech tasks innovators with developing market-driven tech models that ensure increased and equitable food distribution that is both environmentally sustainable and economically viable. The winning team will receive $25,000 to help accelerate commercialization of their solution. Solutions could find, but are not limited to, opportunities for innovation in the following areas: Infrastructure - current critical inefficiencies exist in capturing, managing and redirecting surplus food from points of excess – such as producers and retailers – to communities grappling with food insecurity (this is exacerbated for perishable goods). Forecasting - deployment of tools for accurately forecasting the production of surplus food and quantifying demand from food-insecure populations have significant deficiencies. Preservation - there are shortfalls in current food preservation technologies to prolong shelf life of perishables without detracting nutritional value or safety. Registration to join this year’s HungerTech Innovation Challenge closes March 12. Learn more and connect with Geoff at agrinovusindiana.com/hungertech.

What exactly is the microbiome? And why is it important when it comes to animal health – both in livestock and pets? All those questions and more get answered this week as we are joined by Aaron Schacht, CEO, and Eric Bonabeau, CTO, of BiomEdit. They talk the role of artificial intelligence (AI) in microbiome science, the intersection of human and animal health and new partnerships paving the way for the acceleration of innovation. From collaborative partnerships with Nutreco and funding from The Bill and Melinda Gates Foundation, what’s ahead for BiomEdit? Aaron and Eric get into new challenges, leveraging the microbiome to reduce methane emissions in cattle and taking advantage of studying things in animals that can be translated to humans.

We are bringing you something new with this episode: a look back at February’s news in agbioscience including Elanco’s sale of their aqua business, a new partnership between Corteva and John Deere, Indiana as a top ag state and the current operating environment for the farmer. Show Notes: QUADRANT is coming 3/6. Register here: https://agrinovusindiana.com/quadrant/ HungerTech Innovation Challenge registration closes 3/12: https://agrinovusindiana.com/hungertech/ Kristen Owen, Oppenheimer + Co. Episode: https://podcasts.apple.com/us/podcast/bonus-ai-moving-from-hype-to-help/id1412179095?i=1000641950597

We are days away from guidance from the federal government on how it will calculate the carbon intensity of corn production for ethanol and how that will impact farmers, ethanol producers and the economy at large. Kevin Summers, North American Carbon Sustainability Lead for Trimble, joins us to talk about the Wild West that is the current carbon market structure and Trimble’s Connected Climate Exchange as a voice of reason platform in it all. Originally launched in Canada, Kevin talks through CCE’s 5 million tons of ag carbon offsets, the $50 million dollars for Canadian farmers and how Trimble plans to roll this program out in the United States. From data security to education, he also talks about the challenges of carbon markets today and their potential for growers and CPG companies in the future. In the launch of Connected Climate Exchange, what has Trimble learned? Kevin says it’s about keeping the grower first in mind, connecting sellers and buyers in the marketplace and continuing to tell the story of its measured impact on the climate.

Today’s guest is an entrepreneur who got her skills in organizing business systems where any young talent might consider learning efficiency: the Chick-fil-a drive-thru. Sarah Hinkley, CEO of Barn Owl Precision Ag, actually helped to build the fast-food chain’s drive-thru system as we know it today (alongside her brother). Watching a major company leverage technology to solve problems really inspired Sarah and from that, a company was born. Sarah gets into Barn Owl’s inception, creating new innovation to supplement a massive labor problem and listening to what growers need today, tomorrow and what would be nice in the future. She dives into how a Barn Owl robot functions and what factors are driving the need for more agility on-farm. As a serial minded entrepreneur, Sarah also provides insight into launching an idea into a business, creating solutions to problems and making a difference through your work (even when it hurts).

Ryan Priest is no stranger to hard work and servant leadership, assets that have been integral to his role as COO at Premier Ag Cooperative today. And as someone that has done many jobs – from welding to executive leadership – he identified a problem that needed a new, fresh idea to solve: developing an emerging workforce that’s equipped with the tools to understand farmers, the broader agbioscience economy and the technical knowledge required to be successful in the industry. Ag equipment today has more in common with an airplane than a pickup truck and there is an under-appreciated level of knowledge required to operate this machinery. Ryan talks about Premier’s cutting-edge work-based training program with Ivy Tech designed for workers to better understand and function in high-tech agriculture. He notes the ripple effect of talent starting in the program and learning more about the industry, and the earning potential for someone in the program. Mitch Frazier recently joined Ryan’s podcast, The High Ground, which can be heard here.

Matt Bechdol fell into a class on remote sensing during his time as a student at Indiana University and what was initially a requirement for environmental science turned into a love affair. Specifically, he fell in love with the intersection of business, agriculture, technology and the environment – close to the definition of agbioscience, right? That love took him to graduate school, an ag research gig at NASA and ultimately becoming the CEO of GRYFN in 2019. GRYFN focuses on remote sensing and spatial data to help automate business processes and bring objectivity to time-intensive, human work like plant breeding. Matt gets into the question they’re always asking: what else? From defense to oceanography, he talks about a creating a wide swath of tools to create multiple insights that solve problems across different industries. As a CEO, Matt gives us his entrepreneurial leadership lessons, too. He talks about providing clarity on your value proposition, pricing discipline, knowing what you’re good at and hitting base hits rather than home runs. Listen to Matt’s past episode of Agbioscience here: https://podcasts.apple.com/us/podcast/episode-30-asking-new-questions-on-using-big-data-in-ag/id1412179095?i=1000433274065

Telling the real story behind agbioscience innovation and what’s happening on farms requires a willingness to bravely sit at tables where you might be misunderstood. Michelle Miller, The Farm Babe, found seats at those tables over a decade ago and has become one of the most influential voices and advocates for modern, high-tech agriculture. From The Today Show to Forbes and People Magazine, Michelle has been breaking myths about where our food comes from and helping consumers better connect to their food through her moniker – The Farm Babe. But her advocacy wasn’t always on behalf of the farmer. Michelle talks about her time on Rodeo Drive, her once belief in the misinformation surrounding agriculture and how life changes also changed her mindset. Whether it’s biotech or artificial intelligence (AI), she talks about how she’s approached those topics with consumers – hint: it starts with empathy for those who are trying to learn more. What excites Michelle about the future of agbioscience and modern agriculture? From animal health to plant science, she talks about the future of our food and how farmers will continue to do more with less.

Ask new CEO of AgReliant Genetics about his career journey and you’ll get an interesting take from him: it’s not at all what he expected. But whether he’s been launching, fixing or changing products, systems and processes, agbioscience innovation has been the fabric of his story. This week, Brian Barker joins us to talk about making the leap into leadership of AgReliant’s longstanding reputable brands. From global turbulence to urban sprawl and a growing population, how does AgReliant view their next wave of innovation to meet the demands that evolve globally? As Brian says, that corn kernel is more like a microchip than anything else and getting everything you can out of the plant will remain their focus. From gene editing to analytic tools, the new wave has just begun. What’s ahead for AgReliant Genetics? Brian says it starts with AgReliant’s people and doubling down on what they do best.

The Consumer Electronics Show (CES) has become synonymous with innovation and that was certainly the case in Las Vegas last week as agbioscience brands like John Deere, Kubota and more flooded the tradeshow floor. Kristen Owen, executive director of equity research at Oppenheimer and Co., joins us to talk about innovation’s ability to create impact in a tightening economy and what she sees ahead as major shifts in industry trends. One of the big ones from CES? Artificial intelligence (AI). With the cost of capital still high, AI has a chance to move from hype to help. Kristen examines where it can impact productivity in agriculture – from equipment to the bio-economy – to reduce variability for farmers’ operations. As we brace for economic turbulence, what does Kristen see ahead for the broader food and ag economy? She talks about the investment landscape that will impact the next wave of agbioscience innovation, austerity creating opportunity and the one big trend she sees for the industry in 2024.

AgroRenew’s story begins where most good ideas form: at the kitchen table. Founders Brian and Katie Southern join us to talk about a new transformation in agbioscience – unused watermelon byproduct (rinds) becoming eco-friendly bioplastics. Based in Knox County, Indiana, AgroRenew announced plans at the end of 2023 for an $83 million investment in the form of a processing facility, a business that will ultimately employ nearly 250 people. All the right factors came together to make this new company possible. Knox County is known for specialty crop production (watermelons, cantaloupe, pumpkins) and the Southerns have worked closely with The Pantheon to bring this idea to life. Brian and Katie talk about the science behind the product, their long-term vision to blend with other crop waste streams and contributing to a circular economy that generates more sustainability in the agbiosciences. So what comes next? Brian and Katie discuss their long-term objectives and potential, adding value to the farmer’s operation and the timeline of getting AgroRenew plastics in stores.

What’s in a name? For the world’s second-largest animal health company, Elanco, its name bears roots from Eli Lilly and Company. More than an acronym for a name, though, the company is on a growth trajectory, an innovation engine looking to create a positive impact for the world’s animals. And for Dr. Tyre Grant, Vice President of Global Product Development and Project Management, the name defines her 19-year career as a scientist (a resume she calls a privilege). Tyre joins us today to talk about how Elanco thinks about innovation for both farm animal and pet health, what the company is uniquely positioned to solve and how that mindset focuses her team when it comes to bringing new products to the market. She also gets into the importance of partnerships when it comes to innovation, spinning out technologies and striking the right balance to create the most value to farmers and pet owners. As a career scientist, what has Tyre seen as the biggest advances in the industry over the last two decades? And how do those set the tone for the next 20 years and what’s to come? Tyre talks automation and the intersection between human and animal health solutions. She also gives advice to future scientists looking for their role in the agbioscience industry. Listen to Dr. Jennifer Miller’s episode on Elanco’s monoclonal antibody for Parvovirus in puppies here.

From his cowboy boots to his tall stature, Governor Eric Holcomb is a presence. You’ve likely heard him, though not like this. How did Indiana’s leader come to be? He joins us today to tell his story, to dive into his sense of urgency headed into the final 12 months of his administration and to talk about, of course, agbioscience. More specifically, its critical role in securing Indiana’s economy of the future. Indiana has evolved rapidly under his leadership and Holcomb has established a new approach to economic development – from the READI program and the LEAP concept just north west of Indianapolis, to name a few. How do these assets shape our future? Holcomb talks about being ready for what's coming and making sure we’ve not put our eggs in one industry basket. He also talks leadership, having a plan and being ready to keep eyes and ears open to adapt to the moment. Heading into the fourth turn (a little IndyCar reference), where is Holcomb focused? This is our time, he says, and carpe diem. And because we like basketball in Indiana – it's time to step up to the line, block out the boos and knock down those important shots to make great things happen.

From food security as national security to innovation as sustainability, we covered a lot of ground on Agbioscience in 2023! Here are the top five most downloaded episodes of the year. We look forward to seeing you in 2024. Happy holidays!

What a year it’s been! The team at AgriNovus Indiana wants to thank you for listening to Agbioscience in season 6 and to let you know – there are still plenty of episodes to go. Season 7 will kick off on January 2. In the meantime, take a walk back through 2023 with us – from agtech consolidation to new companies emerging, Indiana has a lot to celebrate. We talk about the big themes in agbioscience over the last year, how the industry is evolving and emerging trends we feel are here to stay for a while. You’ll hear from past guests and get a glimpse on what to expect in the new year.

In partnership with the Indiana Corn Marketing Council and Indiana Soybean Alliance, the 2023 Producer-Led Innovation Challenge tasked companies, entrepreneurs, students and innovators with creating new revenue streams from current on-farm processes to increase efficiency and return on investment for producers’ operations. FiberX, the winning team of this year's challenge, works with corn growers to source and convert corn stover into a feedstock for the chemical and materials sectors. The company’s product portfolio includes natural fiber-reinforced plastic polymer pellets and fiber for the plastic injection molding industry, focusing on customers producing durable products for long-term use such as outdoor furniture. Their team, comprised of Dave Skibinski, Wade Lange and Tom Santelli, has already received a Manufacturing Readiness Grant from Conexus Indiana and an Innovation Voucher for Elevate Ventures. As winners of the Producer-Led Innovation Challenge, FiberX receives $25,000 to help accelerate commercialization of their solution. Dave Skibinski joined us following the winners announcement to talk about how the FiberX team will use their $25,000, creating new revenue streams for the farmer and what's ahead for their company.

A law signed by President Abraham Lincoln in 1862 created the cornerstone for America’s leadership in engineering and agriculture. Known as the Morrill Act, the law established land grant universities in states across the country, including Purdue University in Indiana. Since the university’s launch in 1869, it has become a research powerhouse becoming the only university in the country to have both a top 10 ranked college of agriculture and college engineering. Its graduates include 27 astronauts, 3 World Food Prize laureates, 2 Noble Prize winners and the pace continues to quicken. Today we are joined by Purdue’s Executive Vice President of Research, Dr. Karen Plaut, to share how the university is building on its momentum to advance research and create the economy of the future. Asking “what if” has been the cornerstone of Karen’s career and she talks all things innovation at Purdue and where they see their greatest opportunities for impact – from agbioscience to aerospace. As the former dean of the College of Agriculture, she explores the idea that technologies across different disciplines have meaningful effect on food. Karen also talks research influencing legislation, commercializing and conducting basic research that will drastically improve lives in the future. So, what are the next gigantic leaps for Purdue? Karen talks about students being at the core of the university’s success, new intersections for driving change and agbioscience’s critical role in the future.

Global venture capital deal volume has fallen by 50% worldwide since peaking in the first quarter of 2022 – that’s according the global analyst firm CB Insights. Despite the decline, companies are raising capital. Today’s guest is here to share more about the current fundraising environment and what it means for innovation. Audre Kapacinskas, principal with S2G Ventures – the second most active agtech investor in America – joins us to talk investment across the entire value chain. The daughter of an immigrant, Audre found her love for the food space when her mother opened up a bakery. That love took her on a professional journey to s2g Ventures where she focuses on helping their nearly 100 portfolio companies in food and agriculture thrive. She gets into solutions that create more balance across the value chain, removing the brunt of risk and cost to the farmer and aligning financial incentives to drive impact. Audre also talks about the importance of having farmers at the discussion table when it comes to innovation and what she’s seeing in terms of valuation, time to close and how entrepreneurs and investors are working together during a tumultuous time; she stresses patient capital in the agbiosciences as being important. So what will the capital landscape look like in the future? Audre talks big corporate investment, aligning incentives for all stakeholders to drive innovation and how she sees the agbiosciences evolving from an era of great moderation to one of great volatility.

Discussion around the energy transition often focuses on electrification, but one Indiana company and thousands of Indiana farmers are working together to create new options in that transition – specifically around biofuels. Today’s guest is a long-time energy leader and the chief executive of one of Indiana’s largest privately held companies. Matt Smorch, CEO of CountryMark, joins us to talk the continued emergence of biofuels, diversifying for the farmer and answers a question that most won’t know: where exactly does our fuel come from? How will farmers play a role in the new innovative energy sources coming to market? Matt talks about lessons learned from E-85 and how changing the gasoline standard could open up a wide array of new options for fuel (and agriculture). He also looks ahead and how CountryMark will continue to innovate to stay reliable and serve the farmer.

An estimated 88% of Americans will consume turkey this Thanksgiving – that equates to more than 46 million turkeys! It’s big business for farmers across the country, including here in Indiana where the state has become the fourth largest producer of turkey in the country. Becky Joniskan, president of the Indiana State Poultry Association, joins this week to share more about Indiana’s turkey production and the innovation making it possible. Becky talks all things poultry in Indiana – ranging from key innovators like Miller Poultry and Maple Leaf Farms – to the well-informed at-home farmer with a smaller flock. She also dives into turkey’s growing presence in many forms (deli meats, sausage links and more) on your grocery store shelves, With poultry demand on the rise, where are the opportunities for innovators to disrupt the industry? Becky talks nutrition, genetics and environment as spaces ripe for new discoveries and how poultry farmers approach adoption of new innovations. She talks about the critical role of Indiana corn and soybeans to poultry farmers’ success and what’s ahead for the industry.

Parvovirus – a potentially deadly disease in puppies – has been called the world’s most common canine infectious disease. The viral infection is one that has long been battled through a preemptive vaccine regimen and treated by managing the clinical signs of the infection. However, a new innovation from Indiana-based animal health giant Elanco is transforming canine care through science. This week, we are joined by Elanco veterinarian and veterinarian technical marketer, Dr. Jennifer Miller, to talk about the newly approved monoclonal anitibody treatment for canine parvovirus. What is parvovirus, how is it caused and what were the treatment options before Elanco’s breakthrough monoclonal antibody? Dr. Miller talks about its severity, its commonality and why this innovation was so critical for puppy owners. She also gets into the years it takes to bring innovation to market and the rewarding feeling of watching it save lives in clinics across the country. How does this become the next wave of innovation at Elanco? Dr. Miller talks about the transferable opportunities to other animals and to human health. She also gets into the collaborative spirit working to advance the innovation ecosystem and what she sees as the future of animal health.

Approximately 6% of the U.S. population are veterans – those who have served in the U.S. military. Leaders who have donned the uniform have gone on to serve in roles that are now shaping the future of the food and agbioscience economy. Today’s guest is doing just that. W US Army COL (retired) Mark Purdy joins us to talk about his journey through the military and into agbioscience, what Aimpoint does and how he sees food and agriculture innovating for the future. What exactly is wargaming and how can it impact agriculture? Mark talks about its nexus of art and science, understanding the industry better today – and tomorrow. Geopolitical tension continues to spread across different parts of the globe. How will uncertainty drive innovation? Marks lays out our opportunities, science creating new efficiencies and asking a really important question: who are the farmers of the future? And what will they require of us?

Biotech – everything from innovation in seeds and animal vaccines to new foods and human medicines – hold tremendous opportunity to transform the future. The science also represents significant opportunity to create new jobs and improve America’s national security. Those were just a few of the key theses outlined in the CHIPS and Science Act of 2022 and key reasons why the US Department of Commerce designated Indiana one of 31 federal tech hubs in October. Today we are joined by Dave Roberts and Andrew Kossack of The Applied Research Institute to share more about what this designation means. They talk about how the tech hub came to be, Indiana’s strengths on the balance sheet – from agbioscience to advanced manufacturing – and our ability to collaborate across industries in the application process. A question you might have: what exactly is a tech hub? Dave and Andrew get into what the Heartland Bioworks tech hub means for Indiana, our future potential and how see animal, plant and human science coming together to advance the state’s economy.

Innovations in seed holds tremendous promise – from improving yield to resilience and profitability – and has transformed significantly over the last few decades. Today we are joined by Beck’s Hybrids President, Scott Beck, to talk about the iconic family-owned brand, being a third-generation leader in the business and watching a small operation grow to the massive brand it is today. Scott talks all things company culture and keeping that as you grow and scale a business. He also reflects on returning to the company after graduating from Purdue in 1987 (he was the 12th employee), shifting their focus from being a seed company that has marketing to becoming a marketing company that has seed, and viewing all things through the lens of the farmer. That includes relationships with many agbioscience companies to bring diversity and value to the farmer. What’s ahead for Beck’s Hybrids? More of the farmer, of course. Scott talks R&D, looking into the future to help the farmer and how he sees the company innovating in the future.

Forbes – the global business media powerhouse – named Indiana the best place to start a business in 2023. It’s one of many recent wins on the board for Indiana – a trophy case that includes everything from securing commitments for $33B in capital investment in the last six quarters to securing the rights to host the next Global Economic Congress. It’s momentum that today’s guest seeks to continue. Indiana Secretary of Commerce David Rosenberg joins us to look into the future, poising Indiana for success and retaining young talent in state for generations to come. David talks about getting the economy you want versus the one that comes to you, the Indiana Economic Development Corporation (IEDC) becoming a strategic organization and agbioscience’s role in building our state’s future. He also gets into Indiana’s evolving talent pipeline and creating the necessary tools for companies to fill jobs. David also talks about growing the state’s entrepreneurial ecosystem, venture’s growth and opportunities in Indiana and shaking the humble Hoosier mindset. With all this momentum and a little bit of time left under Governor Holcomb’s administration, what’s next for IEDC? David looks ahead at what needs to be done, the strength of their team to make it happen and his excitement for Indiana’s future.