BIOCROSSROADS FOOD/AGRICULTURAL INNOVATION REPORT

In 2004, BioCrossroads embarked on a year-long review of Indiana’s agricultural economy

and opportunities for growth. The mission of the study, titled A Strategic Plan for Indiana’s

Agricultural Economy, was to examine agriculture-related technologies that could be

developed into economic development activities. This narrow focus soon became much

wider, at the urging of industry stakeholders and by the absence of an existing statewide

agricultural strategy. Before strategic recommendations could be rendered on specific

segments of the agricultural economy that had potential for further development and

growth, it was clear that a deeper understanding of the entire sector was needed.

The end result of this comprehensive overview was a focus on identifying those industry

segments with highest economic potential based primarily on jobs and wage factors.

This would allow stakeholders and state officials to select and emphasize those sectors in

which Indiana had significant strengths to leverage. BioCrossroads found that five clusters

– Wood, Grains, Canning, Pork and Beef, and Baking – accounted for 84 percent of the

state’s agricultural economy. The report’s recommendations, therefore, focused not only on

overall industry importance but also specific strategies for these top clusters...[more]

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