Agbioscience AgriNovus Indiana

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.