Monday, June 14, 2010

Recognizing Innovation

Recognizing Innovation

It often seems as though agriculture gets short changed when it comes to the value that it contributes to economic growth and activity. While it may lack some of the star power of devices like medical devices or computer components, don’t misunderstand the value of what agriculture provides.

Far beyond providing the basic food and fiber needs of our society, agriculture and ag processing are major economic drivers for Minnesota and many other states. These industries provide jobs and dollars to be spent. This is the lifeblood of most rural communities.

Innovations have moved agricultural items into exciting places including the energy world. Renewable fuels such as biodiesel, ethanol, methane gas and other ag-based energy sources have spurred development benefiting rural communities and agriculture at the same time.

New innovations are creating new opportunities for agricultural products in areas such as bio-based plastics, next generation biofuels, new food products and more. These innovations are also helping ag processing leftovers not be viewed as waste products, but as additional revenue streams.

Each year AURI recognizes an Ag Innovator of the Year. This is presented to an AURI client who has shown innovation in their product or process, has entered the marketplace and holds the potential to utilize significant amounts of agricultural products or ingredients. We will be presenting the 2010 award on June 17 to a Minnesota company that AURI has worked with and identified as an example of an innovative company that is moving agriculture into exciting new places. 

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