Agbioscience

Latest Episodes:

243. Corn’s role in the energy transition Jul 24, 2023

Show notes

Renewable fuels and oils – those made from plants – are expected to grow more than tenfold in the next decade in the U.S. alone. Today’s guest is a veteran of the industry and has a unique view of the role plants and agbioscience can and will play in the energy transition. Doug Berven, Vice President of Corporate Affairs at POET, join us to talk about the company’s evolution from family farm struggling to make it to 35 years later being the largest bio-processor in the United States -- and the largest biofuels producer in the world.

Doug also talks about the opportunity at the intersection of biofuels and fossil fuels, electrification’s role in the energy transition and getting more resources from the surface of our land rather than from the center of the Earth. He also talks about the potential for agriculture globally being currently untapped, creating market conditions for countries dependent on agriculture to succeed with biofuels and our ability to feed the world (and then some) while also reducing greenhouse gas emissions and fighting climate change through the production of biofuels.

What can we learn from ethanol’s emergence in the early 2000s? Doug dives into its rejuvenation of rural America, expanding that impact globally and what’s ahead for this growing piece of the agbioscience economy (including the opportunities for decarbonization).

242. Innovation to save human lives Jul 17, 2023

Show notes

The intersection of human health and agbioscience is one rarely discussed, but it is one that is delivering innovation that may save lives. Today’s guest is long-time human health leader who is turning to agbioscience to develop a solution that could transform the way doctors care for patients with chronic, traumatic or surgical wounds. Andy Eibling, President and CEO of GeniPhys, joins us to talk about his journey from Eli Lilly to the leading the startup that inspires him to continue learning. He also talks about GeniPhys solving a problem that the human body cannot: producing collagen to aid the remodeling process that comes from injury, surgical wounds and more.

Andy gets into the opportunity for GeniPhys to cross into multiple verticals, how the agbiosciences help the company to source their collagen and working alongside Indiana’s 5th nationally ranked pork production industry to make this a statewide success story. He also gets into GeniPhys’ fundraising to date and their plans for refining the manufacturing process, adding talent to their team and what’s ahead as they grow and scale.

241. Breaking down silos Jul 10, 2023

Show notes

Analyzing the performance of publicly traded companies provides unique insight into what’s happening in the global market and a view into what could be ahead for both public and private companies. That’s certainly true in agbioscience with public companies including John Deere, Case, Corteva, Elanco and many more reporting quarterly results. Joining us today is an expert in analyzing public company performance. Kristen Owen is Executive Director, Equity Research at Oppenheimer - a full-service brokerage and investment bank.

Kristen gets into what an equity researcher does, her focus on agbioscience (hint: it’s expansive) and big trends that are emerging in our current economic cycle. She also talks about allocating capital where it can make a difference, informing investment decisions and the application of technologies in other spaces to drive agbioscience innovation forward. In a time where inflation is high, supply chains are flimsy and challenges loom, agbioscience is finding the opportunity for new technologies and innovation in the space.

How does Kristen see this cycle of innovation driving forward? Kristen sees opportunity for mature technologies, finding scale and moving from single-opportunity innovation to being multi-faceted solutions. She also talks plant science, sustainability and continuing to do more with less. Lastly, she talks about other industries shaping the future of agbioscience and vice versa, acquistions and what’s ahead for our industry.

240. Tasty food, created sustainably Jul 03, 2023

Show notes

About 17% of global food production goes to waste according to the World Economic Forum. It’s a massive challenge, and one Indiana startup is bringing new technology to preserve food, reduce waste … and even improve taste. It’s an incredible story of science and innovation. Today we are joined by True Essence Foods’ Head of IP & Licensing Simran Trana. She gets into her experience in private and public sectors, working with entrepreneurs and her passion for coming for the work being done at True Essence Foods.

How do you create truly tasty food and do it sustainably? Simran talks about True Essence Foods’ focus on preserving texture, flavor and consistency of foods through their technology and removing “off-flavors” to eliminate sharp bites that can be unpleasant to eat. In a world where food insecurity is a macro challenge, she also examines the role of technology to connect food supply with food demand. Simran looks ahead to how food companies can leverage innovation to do what they already do, better, and what’s ahead for True Essence Foods.

239. Digital connectivity = better nutrition access Jun 26, 2023

Show notes

More than 34 million people, including nine million children, in the United States are food insecure. It’s a staggering reality that has become a call to action for innovators seeking new approaches to better connect food supply to food demand. Today’s guest is a pioneer in innovating to improve access. Dr. Shantanu Agrawal, Chief Health Officer of Elevance Health gets into the criticality of better nutrition to drive positive health outcomes and innovative, digital worlds colliding to create an ecosystem where food is medicine (and is accessible to all).

As a country so well resourced, how do we address a growing problem that is food insecurity? Shantanu gets into our HungerTech Innovation Challenge, digital connections creating better access to food and nutrition and it being a part of the Elevance Whole Health toolkit for their users. He also talks about nutritious food as a right in America, kicking the stigma surrounding SNAP and how Elevance Heath views innovation in nutrition security. To learn more about Elevance Health’s investment in food and nutrition security, click here.

238. One percent feeds 100% Jun 19, 2023

Show notes

Forty chances – that’s the number of times a farmer has in his or her lifetime to optimize growing a crop. It’s also a title of a great book by Howard G. Buffet who describes the realities, challenges, maximization of profit and preservation of legacy that go into the decisions farmers make each season. Critical to optimizing those calculations and managing the complexity, is ag retail or co-ops. And joining us today is the leader of one of the largest coops in the Midwest is Jeff Troike, CEO of Ceres Solutions.

Jeff talks about the consolidation of co-ops and the evolution of meeting the needs of farmers to fuel growth. He also gets into innovations driving profitable growth, being a source of decision-making for farmers and areas ripe for new opportunities when it comes to development and innovation. So many changes have come in the last ten years – what comes in the next five? Jeff gets into automation, efficiency and systems of accuracy to make sure that the one percent focused on growing and producing food can make that happen for 100% of the population.

237. BONUS: Introducing the winner of our HungerTech Innovation Challenge Jun 13, 2023

Show notes

The power of technology to transform how America serves its hungry is the focus of the HungerTech Innovation Challenge. Presented by Elevance Health and supported byShipt, TechPoint and AT&T, this year’s winners join us today to share how they are harnessing the power of innovation and technology to connect food supply with food demand.

GreenBasket developed CropSpots, a click-and-collect model that delivers farmer’s market goods to areas of frequent community engagement instead of homes. With delivery costs not being covered by the Supplemental Nutrition Assistance Program (SNAP), participants can opt-in for group deliveries that allow that cost to be divided and much more manageable. GreenBasket’s team is comprised of IUPUI students Shreyas Patel, Drishti Dinesh Jogadia, Nisarg Hiteshkumar Rajpura and Aditya Suresh Nair.

South Bend, Ind.-based Cultivate Food Rescue received a runner-up prize of $5,000 co-sponsored by AT&T and TechPoint. Their platform, ShelfLife, is a customer-facing software solution intended to connect the upstream food supplier and donor in the value chain with a Food Hub central organizer that can easily connect to downstream distribution centers (food pantries) and ultimately the pantry end-user. The company’s model is already in use and has helped to expand the amount of food rescued and distributed to over 2 million pounds per month. Cultivate Food Rescue’s team includes Jim Conklin and Maxxamillion Hamm.

Learn more about AgriNovus Indiana’s HungerTech Innovation Challenge here.

236. Efficiency is sustainability Jun 12, 2023

Show notes

Sustainability investments have gained headlines and attracted support and ire of many across the country and around the world. However, one of the leading global animal health companies is proving that innovation is making it possible for sustainability and profitability to coexist. Today we are joined by Katie Cook, Vice President of Farm Animal Global Innovation and Marketing at Elanco. From growing up on a Michigan farm to launching her Elanco career out of college, she talks leading farm animal innovation strategy, what the company is doing today and looking ahead to the future of animal health. Katie talks about Elanco’s growth into pet health, the opportunity for innovation in farm animal to create a positive sustainable impact and the industry’s shift from treating farm animals to preventing disease.

The conversation also dives into sustainability and profitability going hand-in-hand, especially during a time of high input prices for the farmer and examining the “must-haves” versus the “would be nice to haves” when it comes to innovation and remaining profitable. What’s on the horizon for animal health? Katie gets into Elanco’s investment into sustainability across species, providing farmers and ranchers the data tools to make more informed decisions and changing the conversation around food animal production and environmental impact.

235. A catalyst for innovation Jun 05, 2023

Show notes

Unlocking the power of data science is a relatively new endeavor for many across the economy. However, one industry was literally built on the concept generations ago; gleaning insights from troves of data, using it to calculate and project risk is the very underpinning of insurance and today’s guest is a veteran of that industry and brings his data-centered approach to agbioscience. Wes Sprinkle, CEO of Indiana Farmers Insurance, joins us as the premiere sponsor of the podcast to dive into data informing decisions and creating opportunities for the innovation economy to solve the biggest challenges farmers face regularly. He also talks on-farm trends backed by data, technology’s role in making farms safer and how collaboration can help manage risk in the future.

234. How bank collapses impact agbioscience innovation May 30, 2023

Show notes

The innovation economy and the broader global economy runs on capital and the underlying banking system has experienced significant challenge of late. Since March 2023, three regional banks have failed; most notable: Silicon Valley Bank (a bank with deep connections to venture capital and tech companies). Today we are joined by Aaron Gillum, Senior Vice President at 50 South Capital, to help us make sense of what’s happening and what it means for the future of agbioscience. He gives us an understanding on how the banking system functions and what broke to put us in the position we are in today. Aaron also talks about bank collapses being more common than we realize, the ripple effects of one collapse paving the way for more instability and what is ahead for the macro economy (and venture capital).

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