In 1977, more than two out of every ten U.S. startups were in rural areas. Today, this number is just over one in every ten (the Kauffman Foundation).That’s where the Farm Bureau Rural Entrepreneurship Challenge comes in.
The American Farm Bureau Federation is awarding ten rural entrepreneurs $145,000 in startup funds in the Farm Bureau Rural Entrepreneurship Challenge. This is a national competition focused on entrepreneurs with food and agriculture businesses. Businesses across agriculture are eligible, including farms, ranches, agritourism, CSAs, food hubs, aquaponics, farm-to-table businesses, local food production and craft breweries.
Entrepreneurs compete for the opportunity to pitch to multimillion dollar investors, booth space at the American Farm Bureau Annual Convention, feedback from national business experts, education on venture capital and expanding their business, along with sharing the $145,000 in startup funds.
Four finalists will each be awarded $15,000 and compete for an additional $25,000.
Six best-in-show winners will each be awarded $10,000. The categories include:
- Best Farm Startup
- Best Agritourism Startup
- Best Farm-to-Table Startup
- Best Ag Tech & Support Services Startup
- Best Craft Beverage Startup
- Best Local Product Startup
Applications open May 1. Deadline is June 30. Apply for the Farm Bureau Rural Entrepreneurship Challenge at http://www.strongruralamerica.com/challenge/.