Connect With Us

Inside INdiana Business
Subscribe Now Log In
  • Home
  • News
    • Education
    • Health
    • Tech
    • STEM
    • Advanced Manufacturing & Logistics
    • Life Sciences
    • Ag INnovation
    • INPower
  • Videos
  • Big Wigs
    • Submit Big Wigs
  • Events
    • Engage Southwest Indiana – Evansville
    • Engage Northwest Indiana – Valparaiso
    • Engage Greater Lafayette – West Lafayette
    • Engage West Central Indiana – Terre Haute
    • Engage South Bend – Elkhart
    • Engage Northeast Indiana – Fort Wayne
    • Engage Central Indiana – Indianapolis
  • Newsletters
  • Podcasts
  • On-Air
    • TV & Radio Listings
  • Contact
    • About IIB
    • Meet the Team
    • Contact Us
    • Advertise
    • Gift Cards
    • Flagship Stations
    • Gerry’s Message
    • Speaking Engagement Request

Connect With Us

PODCAST: Helping farmers see ROI from their data

Friday, September 9, 2022 03:34 PM EDT Updated: Sunday, September 11, 2022 05:45 PM EDT
By Wes Mills
Mitch Frazier is president and CEO of AgriNovus Indiana. (photo courtesy: AgriNovus/Bridget O’Reillly)

Modern farming is ripe with data, especially among farmers who are fully embracing technology in their operations. From autonomous robots that collect agronomic information about fields to precision instruments that measure a dairy cow’s production, volumes of information are pouring into farm management systems.

In this week’s episode of Agbioscience, the podcast presented by AgriNovus Indiana, they explain why data is the focus of the 2022 Producer-Led Innovation Challenge.

“This idea of producers themselves collecting a lot of data…but at the end of the day, how can they, that individual farmer, really capitalize on that data,” said AgriNovus Indiana Chief Executive Officer Mitch Frazier and podcast host.

Now in its third year, this year’s challenge tasks innovators with optimizing existing on-farm data to create a farmer-focused platform that will increase data accuracy and reliability to impact speed and cost of capital from lenders.

“So how do we look at those challenges that exist? And how do we look at what’s out there today and bring creative new approaches,” said Ben Forsythe, Sustainability and Value Creation Director for the Indiana Soybean Alliance and Indiana Corn Marketing Council.

The ISA and ICMC are partnering with AgriNovus on this year’s challenge. The grain-grower groups constantly look for value creation and innovation for Hoosier farmers.

Frazier says farming operations collect thousands of datapoints using farm management systems, financial software, tax statements and complex spreadsheets.

“How do we how do we look at all of this and bring information together to really drive some ROI back to producers in ways that maybe we haven’t thought of before,” questioned Forsythe.

The deadline to enter a team in the challenge is September 22. The entries must be submitted by November 4. The winning team will be announced December 9.

The winning team receives $25K to help commercialize their solution. Click here to learn more about the Producer-Led Innovation Challenge.

The full podcast will drop on Monday morning. To listen to the new or past episodes, click here.

Story Continues Below

Most Popular Stories

Perspectives

Decoding the need for an HR professional: When and what level to hire

Decoding the need for an HR professional: When and what level to hire

In today's fast-paced business landscape, the importance of human resources and its role in leading, hiring, coaching, engaging, and retaining employees cannot be overstated. HR professionals are the driving force behind an organization's success. However, determining when to hire an HR person and at what level can be a daunting task for businesses....

Inside INdiana Business

Inside INdiana Business
A division of IBJ Media

1 Monument Circle, Suite 300
Indianapolis, IN 46204

PHONE: (317) 634-6200

FAX: (317) 263-5060

NEWSLETTER@IIBNEWS.COM

  • Home
  • News
  • Videos
  • Gerry Dick
  • Newsletters
  • On-Air
  • Contact

Copyright © 2023 All Rights Reserved Privacy Policy | Terms of Service