Nearly one-third of Missouri’s economy is tied to agriculture. Now, as part of a partnership that evolved from a statewide effort to help agricultural producers scale their businesses, the Missouri Agriculture, Food and Forestry Innovation Center (MAFFIC) has launched with support from a two-year, $1.3 million USDA grant. The center draws on agricultural business development expertise at the University of Missouri and the Missouri Agricultural and Small Business Development Authority (MASBDA).
Filling a vital role in supporting the state’s many diverse agribusinesses, MAFFIC helps producers level up their business acumen, so they can confidently turn raw ideas into viable businesses or further grow established, successful businesses. Experts at MAFFIC advise clients on everything from best business practices — including finding a product’s market, offering tips for keeping financial records and understanding a product’s cost of goods — to food safety.
With a staff of 13 advisers knowledgeable in a variety of subjects, MAFFIC serves as a valuable, free resource for agricultural producers working to take their value-added agricultural businesses to the next level. To date, the center has already worked with 65 small business owners who develop niche goods including wood products, farm-finished meat, honey and elderberry products. A group of industry leaders provide oversight and input by serving as a board of directors for the center.
Agricultural entrepreneurs interested in exploring or expanding value-added businesses can learn more about the center, find resources and request technical assistance at missouriaginnovation.com.
