Episodes

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338. AGCO Ventures’ Alex Russomagno on agtech + a new wave of innovation for farmers

It’s been a tough couple of years in agriculture. Net cash farm income is expected to decrease nearly $6 billion in 2024; that follows a decrease in 2023 of nearly $58 billion. It’s a tough sled for many farmers and there’s companies who are working to bring innovation to farmers to overcome the headwinds that exist. Alex Russomagno, Senior Manager of Strategic Engagement for AGCO Ventures, joins this week to talk:  


  • Where things stand for the agtech and ag equipment industry right now.  
  • How the acquisition of PTx Trimble and the launch of AGCO Ventures has launched a new wave of startup activity in agbioscience. 
  • Matching supply and demand of innovation in the industry; Alex also talks initial investments from AGCO Ventures. 
  • The AGCO Ventures Thesis and how agriculture’s downcycle impacts their strategy. 
  • What challenges are emerging that will require innovation for the farmer, quickly. 
  • Her experience with the power of partnership and investment between big companies and startups.  
  • The seismic shifts that will drive the next wave of innovation in agbioscience.  


 
HAT This Week

The Hoosier Ag This Week Podcast for 12/21/24

On this special "Christmas Edition" of Hoosier Ag This Week: In an exclusive news story published this week by Hoosier Ag Today, Don Lamb, Director of the Indiana State Department of Agriculture (ISDA), has been asked by Governor-elect Mike Braun to continue in that role in Braun’s new administration. Eric Pfeiffer chats with Lamb about the significance of continuing to serve as ISDA Director.

You’ll also hear from Randy Kron, who has reelected to another three-year term as President of Indiana Farm Bureau. C.J. Miller reports how USDA is working now to prevent a pest called the New World Screwworm from making a comeback to harm U.S. cattle herds.

All that—plus Brian Basting with Advance Trading reviews Friday’s grain markets. It's all part of the Hoosier Ag This Week Podcast!

 
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The Hoosier Ag Today Podcast for 12/20/24

On the HAT Podcast Eric Pfeiffer, C.J. Miller and Sabrina Halvorson have the news including no change at the top of the Indiana State Department of Agriculture in the new Braun administration and the challenge of raising the perfect Christmas tree. HAT Chief Meteorologist Ryan Martin details a clipper system that has some snow in parts of Indiana, and finally Thursday the soybean market moved higher after the slow roll to oversold. Andy Eubank has the closing numbers and Mike Silver provides market insights. It's all part of the #HATPodcast, made possible by First Farmers Bank & Trust - experience banking built on heart, grit, and agriculture. Visit FFBT.com to learn more or stop by your local branch to talk about your ag operation today.

 
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The Hoosier Ag Today Podcast for 12/19/24

On the HAT Podcast Eric Pfeiffer and C.J. Miller have the news including $10 billion for agriculture from Congress and a new device for biological seed treatment applications. HAT Chief Meteorologist Ryan Martin is calling for a dry Thursday before Friday clouds and minor precipitation totals, and Wednesday grains and oilseeds all sold off in a very weak session for the soy complex. Andy Eubank has the closing numbers and Tom Fritz provides market insights. It's all part of the #HATPodcast, made possible by First Farmers Bank & Trust - experience banking built on heart, grit, and agriculture. Visit FFBT.com to learn more or stop by your local branch to talk about your ag operation today.

 
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The Hoosier Ag Today Podcast for 12/18/24

On the HAT Podcast Eric Pfeiffer and C.J. Miller have the news including what USDA is doing to help cattlemen with a particular pest problem and how to manage securing the best equipment for efficient farm operations. HAT Chief Meteorologist Ryan Martin predicts more normal December temperatures returning, and Tuesday grains and oilseeds all sold off in a risk-off session. Andy Eubank has the closing numbers and Arlan Suderman provides market insights. It's all part of the #HATPodcast, made possible by First Farmers Bank & Trust - experience banking built on heart, grit, and agriculture. Visit FFBT.com to learn more or stop by your local branch to talk about your ag operation today.

 
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The Hoosier Ag Today Podcast for 12/17/24

On the HAT Podcast Eric Pfeiffer and C.J. Miller have the news including Randy Kron staying at the head of Indiana Farm Bureau and we will talk crop insurance options for the coming year. HAT Chief Meteorologist Ryan Martin has a dry day in store today with less mild air, and Monday grains were mostly higher but soybeans had headwinds during the session. Andy Eubank has the closing numbers and John Zanker provides market insights. It's all part of the #HATPodcast, made possible by First Farmers Bank & Trust - experience banking built on heart, grit, and agriculture. Visit FFBT.com to learn more or stop by your local branch to talk about your ag operation today.

 
Hat Podcast Network

Gripp Ag, Agriculture Operations Tracking, & Scary Movies

“The farmer is struggling because they’re really dying the death of a thousand apps.”  On this episode of The High Ground powered by Premier Companies, Tracey Wiedmeyer joins hosts Jeff Jarrett and Sal Sama in the podcast room!  He grew up on a farm, and now Tracey is the co-founder and CEO of Gripp Ag, a company that creates mobile software to help growers scale their agriculture operations because of their operational data tracking.

Tracey will share about his career path and how he ended up connecting with Purdue University and DIAL Ventures.  You’ll learn what the acronym stands for and how a traditional venture fund differs from a venture studio and what their relationship is to venture fellows.  He’ll share how Gripp offers the ability to track operations, how growers are able to create training videos for their farming operation, and how the app has even been used to track diseases on apple trees.  

 
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The Hoosier Ag Today Podcast for 12/16/24

On the HAT Podcast Eric Pfeiffer and Sabrina Halvorson have the news including getting things done in farm legislation in the new Congress and should the monarch butterfly be declared a threatened species? HAT Chief Meteorologist Ryan Martin has more rain in the forecast along with colder air, and Friday grain and oilseed markets all traded lower. Andy Eubank has the closing numbers and Brian Basting provides market insights. It's all part of the #HATPodcast, made possible by First Farmers Bank & Trust - experience banking built on heart, grit, and agriculture. Visit FFBT.com to learn more or stop by your local branch to talk about your ag operation today.

 
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337. Purdue University President Mung Chiang on the AI revolution + demand-driven education driving impact

Global market intelligence firm, IDC, estimates that artificial intelligence (AI) will contribute nearly $20 trillion to the global economy by 2030 and represent nearly 4% of global GDP. Today we are joined by an AI pioneer, tech diplomat and leader of Purdue University, President Mung Chiang. We discuss:  

  • His journey as a three-time entrepreneur turned university president and how his experience has shaped his approach at Purdue 
  • Being on the cusps of the AI revolution, bringing new jobs to market and its elimination of old ones – and its potential to transform the physical world 
  • Balancing AI’s opportunity for productivity versus its potential to become an adversarial threat  
  • Connecting dots from the past to the future to develop job creation and prosperity in the state – and the critical role of agbioscience to make that happen 
  • Purdue has a top 5 college of engineering and a top 5 college of agriculture – and President Chiang talks about the university’s differentiation to drive big outcomes using demand-driven education  
  •  President Chiang’s eye on the future of Purdue and its continued service to Indiana    


 
HAT This Week

The Hoosier Ag This Week Podcast for 12/14/24

On this edition of Hoosier Ag This Week: Farm labor has been an ongoing issue for the ag industry. Our C.J. Miller has an exclusive conversation with American Farm Bureau Federation President Zippy Duvall, who says he’ll be pushing lawmakers on Capitol Hill next year to revise the H-2A Visa program to better meet the needs of the ag industry.

Beef is under attack again! This time, it's by the Dietary Guidelines for Americans and their “scientific report” that recommends less red meat consumption. Eric Pfeiffer chats with Sigrid Johannes with the National Beef Cattlemen’s Association, who says the “report” is based not on science, but on a political bias.

You’ll also hear about a new program starting next year from AgriNovus Indiana that is looking to reward three top agbioscience start-up companies with $25,000 each.

All that—plus Brian Basting with Advance Trading reviews Friday’s grain markets. It's all part of the Hoosier Ag This Week Podcast!

 
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