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Spencer Stensrude

Managing Partner and Member of the Investment Committee

Spencer Stensrude is CEO of Ag Ventures Alliance, a 25-year-old farmer cooperative recognized by PitchBook as one of the 10 most active AgTech venture capital funds. He has recruited and developed a high-caliber investing team, expanded portfolio capacity, and pioneered the cooperative’s farmer-driven investment thesis with a disciplined portfolio construction strategy. Under his leadership, the portfolio grew from 12 to 60 companies while significantly improving investment quality, and he has managed or co-managed 20+ investment vehicles representing $14M AUM.

Spencer brings eight years of experience investing in and coaching early-stage AgTech startups on fundraising, go-to-market, and product strategy, alongside operational expertise from building and exiting multiple private companies. He serves on boards and advisory roles for startups, Rural Development Partners, and the John Pappajohn Entrepreneurial Center. A part-time farmer for over a decade, Spencer offers a hands-on agricultural perspective to investment decisions. He holds a finance degree from Buena Vista University.

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Margaret Oldham

Managing Partner and Member of the Investment Committee

Margaret Oldham is an agricultural industry veteran with a proven track record in entrepreneurship, sales, marketing, leadership, and training. She has led new product launches, marketing, and sales across animal health, crop protection, and specialty crop sectors, earning recognition as an award-winning innovator and customer-focused problem solver. Margaret implemented an integrated farmer–founder model that quadrupled farm trials, tripled startup equity exchange, and supported the development of a portfolio of 35+ startups for AgLaunch Farmers, LLC.

She has designed and executed growth strategies for large-scale agricultural communities, including a 40,000+ member online platform generating $800,000 in revenue, and created interactive training programs delivering $4M in revenue while developing the skills of 5,000+ retailers. A core contributor to the Digital Agronomy certification and Certified Agronomist Program, she developed 100+ virtual training modules covering major crops, regenerative agriculture, and sustainability. Her consulting clients include leading ag companies such as FMC, Elanco Animal Health, BASF, Bayer Animal Health, Dow AgroSciences, Deere & Co., and Monsanto.

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Pete Nelson

Managing Partner and Member of the Investment Committee

Pete Nelson has been an experimental farmer, venture investor, and agricultural innovation architect over last three decades, building and scaling companies at the nexus of science, technology, and production agriculture. He has launched alternative crops from first variety trials through market entry, co-developed novel biomaterials, and shaped national programs like the USDA BioPreferred certification. Pete built and sold a university tech commercialization firm, co-founded the first U.S. agriculture-focused accelerator, and has evaluated hundreds of agtech startups—directly supporting a robust portfolio across robotics, biologics, analytics, and advanced equipment.

As founder and president of AgLaunch, Pete pioneered the farmer network investment model, embedding leading producers as co-developers in every stage of the innovation cycle. This structure reduces capital risk, accelerates adoption, and creates proprietary data advantages. He co-created the thesis and raised capital for the first early-stage U.S. venture fund dedicated to agriculture. In addition to agtech, his portfolio and advisory work has spanned plant-based protein expression, scalable biological inputs, and high-value specialty crop supply chains.

Over his career, Pete has raised tens of millions for ventures and platforms he has led or co-led, while helping portfolio companies raise millions in follow-on capital—driving adoption of technologies across millions of acres. Grounded in first-hand farming experience and sharpened by both significant wins and instructive failures, Pete’s mission is to generate top-tier venture returns while building a more profitable, sustainable, and resilient agricultural system.

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Ron Meeusen, Ph.D.

Senior Advisor

Ron Meeusen brings deep expertise in emerging agricultural technologies, with 25 years leading corporate R&D at Rohm & Haas, Sandoz, Seminis, Northrup King, and Dow AgroSciences. For the past two decades, he has been a leader in agtech venture capital, creating the one of the first private agtech venture funds, managing $280M across 42 agricultural innovations, and evaluating nearly 5,000 ag business plans.

Ron’s investment and innovation successes span crop protection, crop nutrition, animal health and nutrition, robotics, software, IoT, irrigation, and human nutrition. His combined technical, operational, and venture experience provides strategic guidance to emerging agtech companies navigating commercialization, scaling, and market adoption.

Farmers Innovation Fund is supported by the full staff at AgLaunch and Ag Ventures Alliance