Future of Agriculture

Future of Agriculture – The Journey of Blockchain Adoption in Agricultural Supply Chains with Dr. Nishant Dass

Dr. Nishant Dass is an associate professor and Ph.D. Coordinator in finance at Georgia Tech Scheller College of Business. His areas of expertise include major areas of financing and business management including CEO-Compensation, Corporate Governance, Mutual Funds, Trade Credit, and International Finance. He has plenty of published papers under his name with regards to financing and has extensive experience providing sage financial advice to startups and other small companies. He has recently picked up an interest in Blockchain technology, citing it as the next big thing since the internet.

 

In this episode, Dr. Nishant Dass discusses the potential and limitations of Blockchain technology. He explains why Bitcoin is not Blockchain, the kinds of problems Blockchain can solve in the near future, and why Blockchain doesn’t guarantee truth. He also shares what he believes will happen within the next two to three years with regards to its inevitable global implementation.

 

“If the internet is about exchanging information and Bitcoin exchanging money, then Blockchain is about exchanging value.”– Dr. Nishant Dass

 

 

This Week on The Future of Agriculture Podcast:

 

  • Why he likes to work with startups.
  • How he discovered Blockchain
  • How he applies his knowledge of Blockchain to his work
  • Is the concept of Blockchain overhyped?
  • The differences between Bitcoin and Blockchain.
  • How he sees Blockchain tech developing in supply chains.
  • Situations where Blockchain tech can improve efficiency.
  • The limitations of Blockchain.
  • What we expect to see from Blockchain in the near future.
  • What needs to happen for Blockchain to be successful.

 

Connect with Dr. Nishant Dass:

 

We Are a Part of a Bigger Family!

The Future of Agriculture Podcast is now part of the Farm and Rural Ag Network. Listen to more ag-related podcasts by subscribing on iTunes or on the Farm and Rural Ag Network Website today.

 

Share the Ag-Love!

Thanks for joining us on the Future of Agriculture Podcast – your spot for valuable information, content, and interviews with industry leaders throughout the agricultural space! If you enjoyed this week’s episode, please subscribe on iTunes and leave your honest feedback. Don’t forget to share it with your friends on your favorite social media spots!

 

Learn more about AgGrad by visiting:

Future of Agriculture Website

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Future of Agriculture – How Tokens are Used to Decentralize the Agricultural S


Tomaz Levak and Ziga Drev are the founders of OriginTrail, a service that developed the first purpose-built protocol blockchain-based supply chains. Their protocol aims to bring trust into the supply chain without the need for a middleman brokering trust. The OriginTrail platform was created to bring blockchain tech to supply chains in an interoperable, scalable, and decentralized manner.

 

In this episode, Tomaz and Ziga discuss their product and how it can solve many of the problems encountered with the current supply chain structure. They explain how their product works, the companies they are testing it on, and how it can impact the agricultural sector in the near future. They also share some of the ways you can become involved in their product, such as by being an investor.

 

“Blockchain is a technology that allows you to get rid of this middleman that is brokering trust.”– Ziga Drev

 

This Week on The Future of Agriculture Podcast:

 

  • How do you get Blockchain technology to scale?
  • What are the incentives in implementing Blockchain?
  • When did they realize Blockchain was the solution to supply chain problems?
  • How does OriginTrail’s protocol work?
  • How Blockchain changes the way we do open source projects.
  • What is Trace and can you buy it with currency or is it only acquired by participating in the supply chain?
  • What’s the next step for OriginTrail?

 

Connect with Tomaz and Ziga:

 

We Are a Part of a Bigger Family!

The Future of Agriculture Podcast is now part of the Farm and Rural Ag Network. Listen to more ag-related podcasts by subscribing on iTunes or on the Farm and Rural Ag Network Website today.

 

Share the Ag-Love!

Thanks for joining us on the Future of Agriculture Podcast – your spot for valuable information, content, and interviews with industry leaders throughout the agricultural space! If you enjoyed this week’s episode, please subscribe on iTunes and leave your honest feedback. Don’t forget to share it with your friends on your favorite social media spots!

 

Learn more about AgGrad by visiting:

Future of Agriculture Website

AgGrad Website

AgGrad on Twitter
AgGrad on Facebook
AgGrad on LinkedIn
AgGrad on Instagram

Future of Agriculture – Applications for Blockchain in Agriculture – Part 2


In part 1 of our Blockchain series, I discussed the concept of Blockchain and how it can impact the agricultural industry. I highlighted reputable resources, possible points where Blockchain can positively change, and how it can build trust in all market participants from beginning to end. I also compared Blockchain to BitCoin, emphasizing on their similarities, and why it is the next big thing in the agricultural industry. I also discussed the advantages farmers will reap from it and how a Blockchain system can affect our current supply chain.

 

In this episode, I’ll explain other potential applications of Blockchain as well as some of its current limitations and scenarios where applying a Blockchain system helps improve the system for everyone involved in terms accountability and data accuracy. I’ll also explain how Blockchain can help farmers focus on farming instead of other time-consuming transactions.

 

“Enough people need to adopt Blockchain, to where it could be an effective use to the supply chain.”– Tim Hammerich

 

This Week on The Future of Agriculture Podcast:

 

  • Limitations and challenges with Blockchain.
  • Additional applications and opportunities for Blockchain.
  • What needs to be built to utilize Blockchain’s full potential?
  • How it can create a more efficient transaction between clients and suppliers.
  • The potential benefits of Blockchain to logistics.

 

 

We Are a Part of a Bigger Family!

The Future of Agriculture Podcast is now part of the Farm and Rural Ag Network. Listen to more ag-related podcasts by subscribing on iTunes or on the Farm and Rural Ag Network Website today.

 

Share the Ag-Love!

Thanks for joining us on the Future of Agriculture Podcast – your spot for valuable information, content, and interviews with industry leaders throughout the agricultural space! If you enjoyed this week’s episode, please subscribe on iTunes and leave your honest feedback. Don’t forget to share it with your friends on your favorite social media spots!

 

Learn more about AgGrad by visiting:

Future of Agriculture Website

AgGrad Website

AgGrad on Twitter
AgGrad on Facebook
AgGrad on LinkedIn
AgGrad on Instagram

Future of Agriculture – Applications for Blockchain in Agriculture – Part 1


Innovations in the agricultural industry come in many forms. From technological advances to improving farming practices, the world is slowly but surely guaranteeing safe and sustainable food sources for generations to come. But, what if we take that a step further? What if we have a system in place that enables traceability, security, improves food safety and gets everyone involved in making sure food quality is top notch? That is what the concept of Blockchain seeks to implement.

 

In this episode, Tim discusses the concept of Blockchain and why it’s one of the most ambitious, yet sensible approaches when it comes to advancing the agricultural industry. He lays down the facts, his sources, and why it’s not so different to how Bitcoin operates. He also explains how a typical Blockchain approach would work with our current supply chain.

 

“Blockchain is a series of technologies that can build trust in our supply chain.”– Tim Hammerich

 

 

This Week on The Future of Agriculture Podcast:

 

  • What is Blockchain and how can it affect agricultural businesses?
  • What information does it provide farmers?
  • Can you trust Blockchain with sensitive data?
  • The similarities between BitCoin and Blockchain
  • The five areas in agriculture where Blockchain is currently being explored.
  • The limitations of Blockchain?

 

Resources Mentioned:

 

 

We Are a Part of a Bigger Family!

The Future of Agriculture Podcast is now part of the Farm and Rural Ag Network. Listen to more ag-related podcasts by subscribing on iTunes or on the Farm and Rural Ag Network Website today.

 

Share the Ag-Love!

Thanks for joining us on the Future of Agriculture Podcast – your spot for valuable information, content, and interviews with industry leaders throughout the agricultural space! If you enjoyed this week’s episode, please subscribe on iTunes and leave your honest feedback. Don’t forget to share it with your friends on your favorite social media spots!

 

Learn more about AgGrad by visiting:

Future of Agriculture Website

AgGrad Website

AgGrad on Twitter
AgGrad on Facebook
AgGrad on LinkedIn
AgGrad on Instagram

Future of Agriculture – Bootstrapping a Farm Management Software Company with Nick Horob of Harvest Profit


Nick Horob is the founder of Harvest Profit, a company that provides a set of management tools focused on the business side of the farm. Their aim is to allow farmers make decisions based on objective analysis and data, preventing emotionally-driven choices which in turn gives them better, long-term returns. While Nick grew up in a family of farmers, his extensive experience in risk management, real estate investment, and business best practices motivated him to start Harvest Profit so he could help farmers not just increase their yield, but to let them know where to invest and where to cut their investments.

 

In this episode, Nick explains what Harvest Profit is all about. He discusses the many problems encountered by farmers when it comes to investments and how their services provide the answers to those issues. He also shares why his company stands out among the competition, their goals for 2018, and his thoughts on the future of AgTech.

 

“Producing a crop is a combination of hundreds if not thousands of micro variables.”– Nick Horob

 

 

This Week on The Future of Agriculture Podcast:

 

  • How does Harvest Profit improve a farmer’s business?
  • What inspired him to start Harvest Profit?
  • Farmers attitudes towards new technologies and new software.
  • What makes Harvest Profit much more attractive to farmers than other competitors?
  • What it’s like to compete with bigger companies?

 

Connect with Nick Horob:

 

 

 

We Are a Part of a Bigger Family!

The Future of Agriculture Podcast is now part of the Farm and Rural Ag Network. Listen to more ag-related podcasts by subscribing on iTunes or on the Farm and Rural Ag Network Website today.

 

Share the Ag-Love!

Thanks for joining us on the Future of Agriculture Podcast – your spot for valuable information, content, and interviews with industry leaders throughout the agricultural space! If you enjoyed this week’s episode, please subscribe on iTunes and leave your honest feedback. Don’t forget to share it with your friends on your favorite social media spots!

 

Learn more about AgGrad by visiting:

Future of Agriculture Website

AgGrad Website

AgGrad on Twitter
AgGrad on Facebook
AgGrad on LinkedIn
AgGrad on Instagram

Future of Agriculture – Investing in the Future of Agriculture with Tyler Mayoras of Advantage Capital Partners


Tyler Mayoras is a Principal at Advantage Capital Partners, a company that invests in small businesses that are ready for growth. As a principal, his duties revolves around screening and identifying potential opportunities for investments, facilitate due diligence, and close transactions. His primary focus is on investments made by their agriculture wing, aptly called Advantage Capital Agribusiness Partners. Some of the most prominent businesses he watched over were Hip Chick Farms, Shenandoah Growers, and NurturMe.

 

In this episode, Tyler shares the kind of businesses their company looks for when it comes to investing. He explains their requirements, what convinces them to invest in that particular business, as well as why almost half of the businesses they look at are rural or close to rural. He also shares how the government is involved in their investments and his experience working with NurturMe, a gluten-free baby food company.

 

“A lot of the whole food revolution is being driven by people under 40: The Millennials and Generation Z.”– Tyler Mayoras

 

This Week on The Future of Agriculture Podcast:

 

  • The type of investing Tyler does with Advantage Capital Partners.
  • How hard is it to invest in a new industry?
  • Would wheat-based products still be considered plant-based?
  • Is it hard to merge those who are interested in progressive food and ag business and those supporting a rural economy?
  • The trends in the natural space and how companies manage to stay unique.
  • What do they consider as impact investing?
  • Spaces he would like to find more companies to invest in.
  • The impact of information accessibility on food trends.

 

Resources Mentioned:

 

 

Connect with Tyler Mayoras:

 

 

 

We Are a Part of a Bigger Family!

 

The Future of Agriculture Podcast is now part of the Farm and Rural Ag Network. Listen to more ag-related podcasts by subscribing on iTunes or on the Farm and Rural Ag Network Website today.

 

Share the Ag-Love!

 

Thanks for joining us on the Future of Agriculture Podcast – your spot for valuable information, content, and interviews with industry leaders throughout the agricultural space! If you enjoyed this week’s episode, please subscribe on iTunes and leave your honest feedback. Don’t forget to share it with your friends on your favorite social media spots!

 

Learn more about AgGrad by visiting:

Future of Agriculture Website

AgGrad Website

AgGrad on Twitter
AgGrad on Facebook
AgGrad on LinkedIn
AgGrad on Instagram

Future of Agriculture – Cellulosic Biofuels (Part 3) with Eric Mork of ICM Inc.


This is the perfect end to our three-part series on cellulosic ethanol. You have heard from Dr Brown describing why we should care about the industry and informing us of its fundamentals. You have head from Michael McAdams describing some exciting new ideas affecting the industry and articulating how the government is involved.

Now we speak with someone in private industry. Eric Mork works for ICM that designs, builds, and manages ethanol technologies and business models. One process ICM has developed solves a very practical problem: how can we get more from the plants that we already have?

They have accomplished this by retrofitting corn ethanol plants to also make cellulosic ethanol out of the non-corn residue that they get in. If you’ve ever seen a truckload of corn leave a farmer’s field, you know that there is more than corn in there! ICM’s process uses that residue to make cellulosic ethanol in addition to the corn-based ethanol that the plant is already processing.

These are collaborative, interesting, and effective solutions that are going to lead us to future technologies that produce more food, fiber, and fuel using fewer resources.

Visit ICM’s website.

 

Thanks for listening!

We really appreciate you taking the time to listen to the Future of Agriculture Podcast. The response has been outstanding. Please feel free to leave a note in the comment section below.

The best way to spread the word about our Podcast is to share your favorite episode using the social media share buttons in the podcast player you are using.

You can also leave a review on iTunes. This helps us spread the word about the people, perspectives, and innovations that will provide our future food, clothing, fuel, shelter, and natural resources.

Future of Agriculture – Cellulosic Biofuels (Part 2) with Michael McAdams, President of the Advanced Biofuels Association


Michael McAdams knows biofuels. He knows the issues, the history, the players, and the future. He is passionate, well-researched, and you can hear it in his voice that he truly cares about this topic.

If you listened to episode 009 you heard the basics of cellulosic biofuels. In this episode, we learn about the governmental and private industry sides of the equation. What does it take to get cellulosic ethanols up and running? What is meant by a drop-in biofuel and why is that exciting?

Mike even describes some exciting work being done to turn algae into biofuels with 20x the per acre efficiency of corn. There are so many interesting aspects of this topic, we could make this a 10 part series! But sorry, we’re only doing three.

 

Visit the Advanced Biofuels Association website to learn more about their work.

 

Thanks for listening!

We really appreciate you taking the time to listen to the Future of Agriculture Podcast. The response has been outstanding. Please feel free to leave a note in the comment section below.

The best way to spread the word about our Podcast is to share your favorite episode using the social media share buttons in the podcast player you are using.

You can also leave a review on iTunes. This helps us spread the word about the people, perspectives, and innovations that will provide our future food, clothing, fuel, shelter, and natural resources.

Future of Agriculture – Cellulosic Biofuels (Part 1) with Dr. Robert Brown of the Bio Institute at Iowa State University


This episode begins a three-part series on cellulosic ethanol and other cellulosic biofuels.

What if we could take one of the most prolific, abundant, renewable, and sustainable items on the plant – Cellulose – and make fuel from it?

Well, we can! Sounds fantastic, but there are, of course, challenges. It’s expensive, the conversions aren’t as great as we’d like them to be, there is a lot of work that needs to be done to improve the processes in order to make cellulosic biofuels a widespread reality.

This is the first part of the three-part series where we explore these opportunities and challenges with cellulosic biofuels. Dr. Brown describes a future where farmers can produce biomass that is specifically bred to be processed into fuels that can go directly into an engine. This would, of course, take collaboration between seed companies, farmers, ethanol plants, and fuel manufacturers and retailers.

 

Check out Dr. Brown’s Bio Institute at Iowa State University.

To learn more, pick up a copy of Dr. Brown’s book “Why Are We Producing Biofuels?”

 

Thanks for listening!

 

We really appreciate you taking the time to listen to the Future of Agriculture Podcast. The response has been outstanding. Please feel free to leave a note in the comment section below.

 

The best way to spread the word about our Podcast is to share your favorite episode using the social media share buttons in the podcast player you are using.

 

You can also leave a review on iTunes. This helps us spread the word about the people, perspectives, and innovations that will provide our future food, clothing, fuel, shelter, and natural resources.

Future of Agriculture – Farm Economies of Scale with Lon Frahm of Frahm Farmland Inc


How does a 30,000-acre farm operate with just 9 employees?

Lon Frahm shares with Tim how he has grown his row crop operation to over 30,000 acres, and how he uses economies of scale such as self-insuring and storing his own grain, to develop advantages over other farmers.

Lon has a very impressive story. He took over his family’s farm upon his father’s death when he was just 28 years old. He has lead the operation to tremendous growth over the past 30 years and has experienced very little employee turnover.

Lon knows the value in keeping good people on the team, learning quicker than your competition, and networking with peers in the industry.

Whether you are a farmer, in agribusiness, or not in any related field, there are still some business gems in this episode.

Learn more about Frahm Farmland at http://www.frahmfarmland.com

Wall Street Journal Article Featuring Lon Frahm

Visit http://www.AgGrad.com to connect to careers and employers in agriculture.

Reach out to Tim on Twitter @timhammerich.