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July 24, 2014

Farm Bureau Launches Rural Entrepreneurship Challenge

For more information on Newsline, contact: Kari Barbic, Media Specialist, American Farm Bureau Federation, karib@fb.org.

The American Farm Bureau Federation sees rural entrepreneurship as the key to creating successful rural communities for the future. That’s why AFBF has partnered with Georgetown University’s McDonough School of Business Global Social Enterprise Initiative to launch the first-of-its-kind Rural Entrepreneurship Challenge. Seanica Otterby has the story.
OtterbyThe Rural Entrepreneurship Challenge, initiated by the American Farm Bureau and Georgetown University, is an opportunity for individuals in rural areas to showcase their ideas and business innovations. AFBF President Bob Stallman says the challenge is accepting applications today through September 15th.
StallmanThe contestants will be evaluated based on the merits of their idea. There will be an expert panel of judges that have had great experience in the area of entrepreneurship and understand what it takes to both craft and successfully execute a business plan.
OtterbyParticipants are competing for the Rural Entrepreneur of the Year Award, which Stallman says includes up to $30,000 to implement their ideas.
StallmanIn addition, some experts and consultants will help them with their ideas to be sure that they will be successful.
OtterbyStallman explains the significance of this support.
StallmanMany times individuals have some great ideas, but some of the things surrounding a successful business plan, like financing, how to structure operations, the individuals haven’t had much experience in it. And so it makes sense to put them in touch with experts in those arenas who can help them model their plan and craft their plan so it will be a successful business.
OtterbyVisit StrongRuralAmerica.com/Challenge to learn more and apply. Seanica Otterby, Washington.

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