Ten teams—four finalists and six semi-finalists—raked in $120,000 worth of prize money in the 2017 Farm Bureau Rural Entrepreneurship Challenge. The challenge, now in its third year, provides opportunities to showcase business innovations developed in rural communities throughout the US. It is the first national business competition focused exclusively on rural entrepreneurs working on food and agriculture businesses.
“The FB Challenge addresses some of the unique obstacles entrepreneurs typically face, namely, limited options for support such as startup funding,” says American Farm Bureau Federation President Zippy Duvall, who also noted that four of the teams were ag tech entries.
The final four teams will now go on to pitch their business ideas to a team of judges in January for the Rural Entrepreneur of the Year Award and an additional $15,000 in prize money. The public can watch online and vote for the People’s Choice Award and an additional $10,000.