The American Farm Bureau, in partnership with Farm Credit, is accepting applications for the 2027 Farm Bureau Ag Innovation Challenge through June 5. Now in its 13th year, this national business competition showcases U.S. startup companies developing innovative solutions to challenges faced by American farmers, ranchers, and rural communities. The overall winner of the competition will get $100,000 in startup funds, the runner-up will receive $25,000, and two additional business owners who advance to the final four round will each get $10,000. “Encouraging innovation is essential to keeping American agriculture strong,” said AFBF President Zippy Duvall. “If you’re building a business that can help farmers and rural communities thrive, don’t wait. Apply today.” After the application period closes on June 5, ten semifinalist teams will be selected and announced on September 2. Next, the ten teams will pitch virtually to compete for a spot in the final four round of the contest.