Morning Undergraduate Commencement Ceremony Speaker
Roger Underwood
Roger Underwood is a lifelong entrepreneur, investor, and philanthropist. A native of Atlantic, Iowa, Roger earned a Bachelor of Science degree in Agricultural Business from Iowa State University in November of 1980.
After college, Roger and high school classmate Jeff Becker, co-founded Becker Underwood in Ames in 1982 to develop a specialty colorant to mark herbicide application, resulting in more efficient farming practices. Company sales in its first year were $45,666.88. The company grew steadily in its early years, developing new products and focusing on the customer. Organic growth and targeted acquisitions diversified the business into new strategic global ag markets. The company expanded to seed colorants, seed coatings, yield-enhancing biological inoculants, and multiple biological crop protection products. The company developed colored mulch, which became popular all over the country. Becker Underwood joined with private equity in 2000 to accelerate growth. Becker Underwood grew to $265 million in sales by 2012, from its ten offices spread between seven countries on five continents, with 420 employees. In 2012, Becker Underwood was sold to BASF Chemical Company of Germany for $1.02 billion.
Roger is currently an investor and Chair of Pivot Bio, a Berkley, California, ag bio-tech company and a board member of KENT® Corporation of Muscatine, Iowa. Roger is a founding limited partner in The Rural American Fund in Chicago. He is a past board member of The Waldinger Corp of Des Moines and Albaugh Chemical of Ankeny. He is a past chair of Ames Seed Capital and a founding investor of Dryland Genetics. Roger also has served on the boards of Rural American Fund companies, Seeds 2000, and LaCrosse Seeds. Roger has served on numerous Ames area civic and community organizations.
Statewide, Roger quietly, and in many cases, anonymously works to make life better for all Iowans. Examples of this include his participation from 20112014 in the Capitol Corridor Steering Committee; and effort to Coordinate Iowa’s Government, Educational and Financial resources for the purpose of attracting innovation related to Iowa’s leadership in Global Agriculture. One outcome of this has been the establishment of America’s Cultivation Corridor, and their work over the last ten years. Roger was inducted into the Iowa Business Hall of Fame in 2024.
Roger is a lifetime member of the ISU Foundation Board of Governors and chaired Campaign Iowa State, which raised $867 million. He has received honors including Iowa State University awards for Order of the Knoll Young Alumnus in 2000, College of Ag and Life Sciences Floyd Andre Award in 2008, for outstanding contributions to Agriculture, and the Cardinal and Gold Award in 2011.
Roger enjoys raising money for Iowa State University, Boy Scouts, the Tau Kappa Epsilon fraternity, and other groups. He makes regular presentations to university classes about entrepreneurship and the importance of business owners caring for stakeholders, employees, customers, and the community when making business decisions. Roger has mentored uncountable entrepreneurs across Iowa over the years.
Roger and Connie have been married for 39 years and live in Ames, Iowa. Connie is a 1984 graduate of Iowa State in Political Science and International Studies. Her interests are Bible Study Fellowship, working with children in several Christian programs, and hiking. They have two sons, Andrew and girlfriend Dr. Nina Whitney and William and wife Chloe Underwood. All are Iowa Staters.