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Agribusiness Booms Here. A new wave of innovation grounded by deep agricultural roots meets an unmatched water supply and world-class transportation network to make the Greater Memphis region Agriculture’s Silicon Valley.

AGRICULTURE’S SILICON VALLEY

Sustainable surface and groundwater, unmatched logistics and transportation networks and access to abundant farm land with experienced growers have made Memphis ground zero for a new era of agriculture. Fueled by farm-to-table food delivery trends and the need to improve farming efficiencies while enhancing yields, Memphis is a hotbed for innovative companies driving the future of food.

Memphis has long been considered the unofficial capital of the 13-million-acre Mississippi Delta which boasts some of the country’s riches soils and one of the purest and most plentiful water supplies in the world. With agriculture dominating the economy for 100-miles in every direction, Memphis is the hub of commerce for the region.

Why are Agribusiness and Ag Tech companies choosing the Greater Memphis region?

Tap into the rich resources of the Midsouth

Sustainable surface and groundwater, unmatched logistics and transportation networks and access to abundant farm land with experienced growers have made Memphis ground zero for a new era of agriculture. Fueled by farm-to-table food delivery trends and the need to improve farming efficiencies while enhancing yields, Memphis is a hotbed for innovative companies driving the future of food.

Diversity of Agriculture Production

Greater Memphis Agriculture Diversity

FACT: Memphis is located within a three-hour drive of every major crop grown in the United States, including corn, soybeans, rice, and wheat.

FACT: Shelby County is home to 411 farms with a total of 81,860 acres. The market value of the products sold reached $31.8 million, up 35 percent from the previous 2007 census.
Source:2012 Census of Agriculture by the U.S. Department of Agriculture

FACT: Access over 52 crop varieties and 19 million acres of productive growing space within the Midsouth region.

Industry Momentum

2019 has seen a string of announcements and investments to support the region’s agribusiness ecosystem. From incubation to infrastructure to training, Memphis offers solutions that are attracting investment from the world’s most innovative AgTech players.

Indigo Ag Chooses Memphis

Indigo Ag Invests $6.6 million in Downtown Memphis

In 2019, Boston-based Agtech innovator Indigo Ag made headlines when they announced their plans to expand their corporate presence in the Downtown Memphis market with a $6.6 million investment and a ramp-up of 700 new jobs over the next three-years.

Read more about Indigo’s Memphis investment>>

AgLaunch Receives Grant

AgLaunch Regional Innovation Cluster Award

Memphis-based AgLaunch expands its Farm-Centric Innovation Model, an original approach to growing, supporting, and creating agriculture businesses, attracting investment capital, and enabling farmers to participate in the innovation process, with Innovation Grant. The cluster’s strategy is focused on creating and scaling rural small businesses that will support the next generation of farming capabilities needed to connect urban food processing opportunities and emerging consumer trends.

Read more about AgLaunch>>

Want to learn more about our region’s rich history and growth in the Agribusiness sector? Check out more recent news related to this sector.

 

A Strong Talent Pool

The Memphis metro area is home to 275 agricultural companies and 2,329 agriculture business employees.

More than 62,000 students in the Greater Memphis region are enrolled in four-year and community colleges. The area is home to 39 colleges and universities offering life science coursework and 19 schools with agricultural focused coursework are within in a 150-mile radius of Memphis, the city is a magnet for the region’s talent.

FACT: Since 2013, the number of graduates in Agriculture and Related Services has grown by 54 percent in the Greater Memphis region.
Sources: National College for Educational Statistics and ESRI Community Analyst

Want to learn more about the Greater Memphis region’s Agribusiness and Technology assets? Contact our Economic Development team for more information.

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