Videos

RTI International’s Amanda Rose on Indiana’s $69.6B agbioscience economy, three defined priorities for the future

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. 

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.

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.

Listen: https://podcast.agrinovusindiana.com/public/215/Agbioscience-8a9a4381/e6db04c1

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 is 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.

Full episode: https://podcast.agrinovusindiana.com/public/215/Agbioscience-8a9a4381/ed0a9a50

From food production to R&D heavy 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 are 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 incentivize 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.

Full episode: https://agrinovusindiana.com/2024/05/13/todd-robran-on-fintech-farmers-and-data-as-a-differentiator/

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.

Full episode: https://podcast.agrinovusindiana.com/public/215/Agbioscience-8a9a4381/e7481953

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.

Full episode: https://podcast.agrinovusindiana.com/public/215/Agbioscience-8a9a4381/e7b1fde8

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.

Full episode: https://podcast.agrinovusindiana.com/public/215/Agbioscience-8a9a4381/a43e4c6c

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.

Full episode: https://podcast.agrinovusindiana.com/public/215/Agbioscience-8a9a4381/2ca8a243

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.

Full episode: https://podcast.agrinovusindiana.com/public/215/Agbioscience-8a9a4381/0eadf687