Title: Economics of PA
Date: Thu Aug 4, 2016
Time: 9:00 AM - 11:00 AM
Moderator: Dave Lundberg
Measuring ROI on Precision Agriculture
Jim Mintert (speaker)
Purdue University
West Lafayette, IN
James Mintert is a professor in the Department of Agricultural Economics and serves as director of the Center for Commercial Agriculture. Jim joined Purdue's faculty in 2009 and worked as the assistant director of Extension for agriculture and natural resources before taking on his director responsibilities at the center. Prior to his time at Purdue, Jim was a professor and Extension state leader in the Department of Agricultural Economics at Kansas State University for 23 years. He holds a bachelor's and master's degree in agricultural economics from Purdue University and a doctorate from the University of Missouri. Over the course of his career, Jim has received numerous awards, including Outstanding Extension Program Awards from both the American Agricultural Economics Association and the Western Agricultural Economics Association, in addition to the American Agricultural Economics Association's Premier Forecaster Award for his livestock production and price forecasts. Jim is also the author of more than 200 publications focusing on the economics of the livestock industry.
Length (approx): 40 min
VC Perspective: Monsanto Ventures
Ryan Rakestraw (speaker)
Venture Principal
Monsanto Growth Ventures
St. Louis, MO 63167
Ryan Rakestraw is a principal at Monsanto Growth Ventures (MGV). With offices in San Francisco and St. Louis, MGV invests in a broad range of companies that can have a major impact on the future of agriculture. MGV is growth-stage agnostic, investing in companies from seed stage through IPO. Previously, Ryan was with Cultivation Capital, an early stage venture capital firm based in St. Louis. During this time Ryan founded the Yield Lab, an accelerator program focused on Agriculture. Earlier in his career, Ryan was a systems engineer with Northrop Grumman where he helped to design and implement military platforms ranging from undersea to space applications. Ryan has a bachelor
Length (approx): 20 min
Global Investment Opportunities in Precision Agriculture and Big Data

Precision agriculture and big data will not only revolutionize how we farm in the field, but also fundamentally transform how agribusiness and food companies operate and interact with producers and vendors.  While a bulk of investment and media coverage in precision agriculture and big data has been focused on farmers and the field, numerous investment opportunities exist to address the needs of agribusiness and food companies.  

Andrew Selck (speaker)
Senior Manager
EY Global Agribusiness Center
Chicago, IL 60606
Andrew Selck is a Senior Manager in the Advisory Services practice of EY. As a member of EY's Global Agribusiness Center, he works with various agribusiness clients on emerging trends and technologies impacting the industry. This includes digital strategy and how precision agriculture and big data will transform agriculture. Andrew has a MBA from the Kelley School of Business at Indiana University and a BS Finance from Elmhurst College. He is also a CPA.
Length (approx): 20 min
The Entrepreneur Perspective: AgVoice

Learn about the ROI measurement challenges that an ag tech startup sees in the marketplace, and how they can solve it, as well as how that compares to the VC and university view.  AgVoice is a new ag tech startup, based in Atlanta, Georgia that was created to help optimize ROI, via the most efficient way to capture data in the field.  The AgVoice solution is a hands-free, voice-to-data capture service for Ag Professionals who are on the go.  Their first product is now in field trials in row crops in the midwest and speciality crops in California.

Learn about the journey of attracting and selecting investment partners to grow the business.

Bruce Rasa (speaker)
CEO and Founder
Norcross, GA, not applicable 30092
Bruce was raised in western Missouri, where his family actively farms over 3,500 acres. He has over 20 years of experience in tech leadership positions at IBM, NCR & AGCO. He led solution management and marketing teams for multi-billion dollar product lines. For AgVoice, Bruce provides a vision which foresees increased use of hands-free enabled technology and powerful cloud data analytics within everyday farming and ranching operations for delivering everyday utility and continuous ease-of-use. Bruce has a Bachelor of Science degree in Agriculture Economics from the University of Missouri and an MBA from the University of North Carolina.
Length (approx): 40 min