PODCAST: Valve Maker Pushes Innovation
Gerry Dick talks with John Hays of Banjo Corp. about ag innovation.
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowCrawfordsville-based Banjo Corp. is the focus of this week’s Ag+Bio+Science podcast, presented by AgriNovus Indiana. The company, which was started in the 1950s, manufactures parts for agricultural equipment like chemical sprayers. It is a supplier to some of the largest ag equipment makers in the world, including Deere & Co. (NYSE: DE), CNH Industrial (NYSE: CNHI) and AGCO Corp. (NYSE: AGCO).
“These implements that we sell products that go on, sprayer implements in particular, we need to save time, we need to save money for the operator of that (equipment),” Banjo Global Marketing Manager John Hays said to podcast and Inside INdiana Business Host Gerry Dick.
In 2006, Banjo was acquired by Illinois-based IDEX Corp. (NYSE: IEX), which broadened the Indiana company’s global reach.
Hays says as farmers around the world are asked to produce more food for a growing global population, they are still limited by the availability of arable land. That means producers need to be more efficient.
“Getting more yield out of that (land) means that the implements…have to be more efficient,” said Hays. “Our products, in their own ways, help that solve that business problem.”
Hays says building dependable liquid handling products drives innovation at the company, which is one reason why Banjo is partnering in the 2021 Producer-Led Innovation Challenge presented by AgriNovus.
“We see these ideas that come to fruition, (and) it gives us an opportunity to maybe to partner with some of these folks,” said Hays. “We can look at these kinds of businesses, these innovators, and potentially work with them to help them commercialize.”
Hear the full conversation between Gerry and John when the new Ag+Bio+Science podcast comes out Monday morning. Plus, click here to view the full lineup of Inside INdiana Business podcasts.