Champaign, Illinois (March 8, 2023) – Farmers Risk, a startup company that is developing tools for farmers to better understand their risk management strategies, has been named the 2023 Edwin Moore Family Agriculture Innovation Prize winner.
The award, generously funded by a family of University of Illinois alumni, rewards University of Illinois entrepreneurs focusing on agricultural innovations.
The Research Park and the Moore family together presented the award to Farmers Risk co-founder Eric Barnard during the 2023 AgTech Innovation Summit at the Illinois Conference Center in Champaign, Illinois.
The company operates out of an office at EnterpriseWorks, the technology incubator in the Research Park.
Farmers Risk is working to create a variety of software tools that allow farmers to easily monitor their risk, trade with confidence and be aware of all of their possible business options. The goal of the startup is to give farmers more access to data that can help improve their own outcomes and make more profitable decisions.
Its analytical tools help farmers more effectively market their grain, buy crop insurance, hedge their crops as well as improve their overall revenue decision-making. These revolutionary tools are helping to innovate the future of agtech, and are giving farmers the tools they need to make the right decisions in their industry.
The Edwin Moore Family Agriculture Innovation Prize’s goal is to encourage startup companies engaged in the development of new innovative technologies that may lead to increased productivity and/or efficiency in farming, or to create new agricultural opportunities, including new processes, new crops, and new food production systems.
Previous Edwin Moore Agriculture Innovation Fund winners include:
For more information about Farmers Risk, visit its website here.
About the Edwin Moore Family Agriculture Innovation Prize
The Edwin Moore Agriculture Innovation Fund was established in 2016 with a generous gift to EnterpriseWorks, the University of Illinois Urbana-Champaign’s technology incubator. The award honors the legacy of Edwin E. Moore (1924), who graduated from the University of Illinois College of Agriculture and began farming in Will County. Throughout his agricultural career, he and his wife, Iva, used innovative farming practices for both crop production and livestock management. Two of their four children became farmers, Edwin and Thomas (1953, College of Agriculture), and continued use of innovative farm practices. Subsequent generations of Edwin Moore’s family have continued to pursue farming and ag related careers capturing the same innovative spirit.
About the Research Park at the University of Illinois
The Research Park at the University of Illinois at Urbana-Champaign is a technology hub for startup companies and corporate research and development operations. Within the Research Park there are 120 companies employing students and full-time technology professionals. More information at researchpark.illinois.edu. Find the Research Park on Twitter at @UIResearchPark.