Frequently asked questions

What is Iowa Corn Opportunities (ICO)?
An equity fund to invest and assist new and growing companies that are developing new uses and new products for the corn industry — to benefit Iowa’s corn growers.

How is ICO funded?
Currently, ICO is funded by the Iowa Corn Growers Association (ICGA). ICO also will consider raising additional funds from selected outside entities.

What key criteria does ICO use to evaluate investment in new business opportunities?
The investment must be related in a significant way to value-added agriculture and/or the corn industry. The investment must be consistent with the mission of ICGA, which is to create opportunities for long-term Iowa corn grower profitability. The investment must yield returns in less than three years. Corn growers have the opportunity to invest in the opportunity.

How can I contact ICO about receiving funds for new business opportunities?
If you are developing a business and have a well documented business plan, e-mail or call Brian Jones at (515) 225-9242.

What’s the relationship between ICO and the ICGA?
ICO is a wholly owned subsidiary of the ICGA, organized to implement ICGA strategies in the area of new business development, and to benefit Iowa’s corn growers.

How will ICO benefit Iowa’s corn growers?
Provides corn growers with new investment opportunities by participating in and fostering companies that develop new uses and new products for the corn industry, and by making strategic investments that, if successful, will return dividends and profits to the ICGA. The profits returned to the ICGA will provide additional opportunities to fund new and expanded programs that support Iowa’s corn growers.