{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Agbioscience","title":"338. AGCO Ventures’ Alex Russomagno on agtech + a new wave of innovation for farmers","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/b9632422\"></iframe>","width":"100%","height":180,"duration":1272,"description":"It’s been a tough couple of years in agriculture. Net cash farm income is expected to decrease nearly $6 billion in 2024; that follows a decrease in 2023 of nearly $58 billion. It’s a tough sled for many farmers and there’s companies who are working to bring innovation to farmers to overcome the headwinds that exist. Alex Russomagno, Senior Manager of Strategic Engagement for AGCO Ventures, joins this week to talk:  \n\nWhere things stand for the agtech and ag equipment industry right now.  \nHow the acquisition of PTx Trimble and the launch of AGCO Ventures has launched a new wave of startup activity in agbioscience. \nMatching supply and demand of innovation in the industry; Alex also talks initial investments from AGCO Ventures. \nThe AGCO Ventures Thesis and how agriculture’s downcycle impacts their strategy. \nWhat challenges are emerging that will require innovation for the farmer, quickly. \nHer experience with the power of partnership and investment between big companies and startups.  \nThe seismic shifts that will drive the next wave of innovation in agbioscience.  ","thumbnail_url":"https://img.transistorcdn.com/fNR6XzpB2Kp8cz0_UeZ53to0jw3tZsavgDDSar67UYQ/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8yZWEy/YjI3YzlhYWEzMzdm/NWU0NDIxYmEyMGI2/MmZjZC5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}