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Chipotle is investing another $50M into its Cultivate Next fund aimed at supporting technology innovations across its su...
29/02/2024

Chipotle is investing another $50M into its Cultivate Next fund aimed at supporting technology innovations across its supply chain, from farm to fork

The chain is doubling its commitment to the Cultivate Next venture fund, which in part aims to fund technologies accelerating regenerative agriculture.

New York Attorney General Letitia James on Wednesday sued JBS, claiming the world's largest meatpacker has repeatedly mi...
29/02/2024

New York Attorney General Letitia James on Wednesday sued JBS, claiming the world's largest meatpacker has repeatedly mislead consumers about its climate goals and achievements

The state's attorney general is accusing the world's largest meatpacker of exploiting consumers by falsely advertising products as sustainable.

Deere & Co. rolls out new tractors, combines and other advanced tech at the latest Commodity Classic trade show in Texas
29/02/2024

Deere & Co. rolls out new tractors, combines and other advanced tech at the latest Commodity Classic trade show in Texas

New equipment unveiled at a Texas trade show include automation features meant to boost farm productivity and sustainability.

The U.S. is “probably 18 months or so” away from identifying a vaccine for the current strain of bird flu that has ravag...
20/02/2024

The U.S. is “probably 18 months or so” away from identifying a vaccine for the current strain of bird flu that has ravaged commercial poultry operations over the past two years, Agriculture Secretary Tom Vilsack said at a congressional hearing last week.

A campaign to inoculate poultry flocks, however, is likely to lead to thorny trade issues, according to the Secretary of Agriculture.

USDA recently fined Cargill $155,000 after the company used faulty beef-grading video equipment for more than 300,000 ca...
20/02/2024

USDA recently fined Cargill $155,000 after the company used faulty beef-grading video equipment for more than 300,000 carcasses, resulting in a hefty underpayment for cattle sellers.

The company owed $12.5 million for inaccurate carcass readings at four processing plants for several months, according to the USDA.

Deere is offering farmers more financing options for the company’s precision agriculture technology as lower equipment d...
20/02/2024

Deere is offering farmers more financing options for the company’s precision agriculture technology as lower equipment demand weighs on profits.

By lowering upfront costs, the world's largest seller of agriculture equipment hopes to convince more farmers to adopt technology in their operations.

The U.S. meat market could descend into “chaos” unless federal lawmakers take action on state animal welfare requirement...
20/02/2024

The U.S. meat market could descend into “chaos” unless federal lawmakers take action on state animal welfare requirements such as California’s Prop 12, Agriculture Secretary Tom Vilsack said at a congressional hearing on Wednesday.

The Agriculture Secretary expressed doubt that lawmakers could effectively tackle the issue without running into difficult questions about states' rights.

A federal court revoked approval of dicamba herbicides in a move that could leave growers without the widely-used weedki...
09/02/2024

A federal court revoked approval of dicamba herbicides in a move that could leave growers without the widely-used weedkiller just as planting season begins.

"[This] comes at the worst possible time in the season," said Darren Coppock, CEO of the Agricultural Retailers Association

The ruling could affect the supply of popular herbicides produced by Bayer, Syngenta and BASF.

The U.S. cattle inventory continues to dwindle, suggesting more price hikes later this year once the oddly high number o...
07/02/2024

The U.S. cattle inventory continues to dwindle, suggesting more price hikes later this year once the oddly high number of cattle on feed has worked its way through the supply chain.

Despite the historically low numbers, the supply at U.S. feedlots is up 2% from 2023, allowing for some immediate relief.

Big changes to the USDA Organic program are coming in March, when two amendments aimed at enhancing recordkeeping and ou...
07/02/2024

Big changes to the USDA Organic program are coming in March, when two amendments aimed at enhancing recordkeeping and outdoor rules for livestock and poultry take effect.

Read more to find out what this mean for farmers and consumers.

Large amendments aimed at enhancing recordkeeping and defining outdoor rules for livestock and poultry will take effect in March.

USDA is offering a new online system for loan borrowers as an alternative to making payments by phone, mail, or in-perso...
07/02/2024

USDA is offering a new online system for loan borrowers as an alternative to making payments by phone, mail, or in-person at agency offices.

The new online option will give farmers and ranchers an alternative to making payments by phone, mail or visits to a USDA office.

A group of democrats on Friday joined the growing push to stop climate funding from going to farm biogas projects. In a ...
06/02/2024

A group of democrats on Friday joined the growing push to stop climate funding from going to farm biogas projects. In a letter to the Biden administration, the lawmakers said it only proliferates mass-scale industrial agriculture.

The growing movement to capture methane from livestock waste only further encourages mass-scale industrial agriculture, a group of lawmakers said in a letter to the USDA. 

Researchers and scientists are working to improve climate resiliency in oysters after years of mass die-offs in North Am...
06/02/2024

Researchers and scientists are working to improve climate resiliency in oysters after years of mass die-offs in North America. Numbers are improving, but there is plenty of work left to help the bivalve mollusks thrive.

Years of mass die-offs have pushed the shellfish industry close to the brink of collapse. Innovations in breeding and growing could improve climate resiliency.

Surging cocoa prices could take a bite out of chocolate manufacturers' sales this Valentine's Day as the industry faces ...
06/02/2024

Surging cocoa prices could take a bite out of chocolate manufacturers' sales this Valentine's Day as the industry faces supply and disease issues in West Africa.

Supply remains scarce due to heavy rains and the spread of black pod disease in West Africa, according to a recent CoBank report.

Tyson's Q1 earnings beat analyst expectations as the company said its "bold actions" are yielding tangible operational a...
06/02/2024

Tyson's Q1 earnings beat analyst expectations as the company said its "bold actions" are yielding tangible operational and financial results. This came after closing eight chicken and meat plants in the last year.

After several plant closures last year, more cost-cutting could be on the horizon as the CEO says “everything remains on the table.”

Corteva reported upbeat 2024 earnings guidance driven by seed innovation as destocking issues on the crop protection sid...
02/02/2024

Corteva reported upbeat 2024 earnings guidance driven by seed innovation as destocking issues on the crop protection side improves in Brazil.

Despite a Q4 loss, company shares surged following the news, underscoring investor confidence in the outlook.

Despite a fourth-quarter loss, the agrochemical and seed company is expecting a recovery this year following a period of weather and destocking challenges in South America.

Deere & Co will team with California wine growers in Sonoma County to pilot innovations that could advance sustainabilit...
02/02/2024

Deere & Co will team with California wine growers in Sonoma County to pilot innovations that could advance sustainability and transform the future of vineyards, the partners said Thursday.

The tractor maker says it will test new technology that stands to make a "real impact" for farmers in the face of climate change.

State GOP heads of agriculture requested information this week from the Net-Zero Banking Alliance, saying they have "ser...
02/02/2024

State GOP heads of agriculture requested information this week from the Net-Zero Banking Alliance, saying they have "serious concerns" about the organization's goals and potential impact on the ag sector.

Members of the Net Zero Banking Alliance — which include JPMorgan, Goldman Sachs and Citi — have yet to publish climate targets for the sector, according to their websites.

Heading into 2024, the future is bright for farmers and producers with opportunities in biofuels, regenerative agricultu...
01/02/2024

Heading into 2024, the future is bright for farmers and producers with opportunities in biofuels, regenerative agriculture and agtech on the rise.

Below are a few key trends and outlooks we're keeping an eye on.

As the sector anxiously awaits a farm bill, producers are expected to take advantage of new opportunities in renewable energy and regenerative agriculture.

Cargill, Inc. will lay off 111 workers at its meat production plant in Nashville, Tenn., in the coming months, the compa...
01/02/2024

Cargill, Inc. will lay off 111 workers at its meat production plant in Nashville, Tenn., in the coming months, the company said in a recent labor filing.

This comes about six years after the company invested $146 million to expand the facility.

The Minnesota-based company says it will relocate some production to Nebraska and Texas as it optimizes its manufacturing footprint.

Opinion: Suspending the tomato trade deal between the U.S. and Mexico would be cost jobs and lead to higher prices for r...
01/02/2024

Opinion: Suspending the tomato trade deal between the U.S. and Mexico would be cost jobs and lead to higher prices for retailers and consumers, a NatureSweet exec writes.

Suspending the tomato trade agreement between the U.S. and Mexico would cost jobs and lead to higher prices for retailers and consumers, a NatureSweet exec writes. 

Poultry hauler Lew Thompson & Son Trucking will more than double the size of its fleet to over 500 trucks by the end of ...
31/01/2024

Poultry hauler Lew Thompson & Son Trucking will more than double the size of its fleet to over 500 trucks by the end of 2024, the Huntsville, Arkansas-based company said in an earnings call.

The parent company of Lew Thompson is bullish on the poultry hauling business, even after a challenging winter.

Ofir Ardon, CEO of Agritask, a crop supply intelligence company, illustrates how to bridge the gap between the goals of ...
31/01/2024

Ofir Ardon, CEO of Agritask, a crop supply intelligence company, illustrates how to bridge the gap between the goals of food companies and the realities of suppliers and farmers.

Driven by the urgency to be more environmentally responsible, businesses sometimes fail to fully grasp the multi-faceted challenges faced by suppliers. Here’s how to get everyone on the same page.

Agriculture Secretary Tom Vilsack on Monday announced two USDA investments designed to support specialty crop farmers th...
31/01/2024

Agriculture Secretary Tom Vilsack on Monday announced two USDA investments designed to support specialty crop farmers that grow fruits, vegetables, tree nuts and other crops.

The grants are meant to strengthen supply chains and help producers expand their share of domestic and international markets.

A deadly wave of bird flu has infiltrated commercial farms throughout the U.S. and is devastating poultry growers in Cal...
31/01/2024

A deadly wave of bird flu has infiltrated commercial farms throughout the U.S. and is devastating poultry growers in California. Once again, in what seems like a repeat of this time last year, the spread threatens to raise egg prices ahead of Easter.

More than 2 million birds were killed in California over the last month as producers across the globe struggle once again to control the rapid spread of the virus.

Foremost Foods, one of the largest dairy co-ops, is the latest company to join Vanguard Renewables' food-to-fuel allianc...
31/01/2024

Foremost Foods, one of the largest dairy co-ops, is the latest company to join Vanguard Renewables' food-to-fuel alliance focused on anaerobic digesters that turn waste into renewable gas.

Foremost Farms is the latest food manufacturer exploring opportunities to turn waste into renewable natural gas through anaerobic biodigestion.

Although many of the agriculture industry’s legislative priorities stalled last year, expect a flurry of political activ...
31/01/2024

Although many of the agriculture industry’s legislative priorities stalled last year, expect a flurry of political activity in 2024 related to the farm bill, H-2A visas and more.

An election year means a race to the finish line for the farm bill and some of agriculture's biggest priorities, including a crackdown on anti-competitive practices and potential H-2A visa reform.

A shareholder of ADM sued the commodities giant days after its stock prices tumbled on news of an accounting probe into ...
29/01/2024

A shareholder of ADM sued the commodities giant days after its stock prices tumbled on news of an accounting probe into the company’s nutrition unit.

The grain trader misled investors about the performance and growth potential of its nutrition unit, the lawsuit claims.

Extreme weather events are the top risk facing supply chains in 2024, according to an annual outlook report from Everstr...
29/01/2024

Extreme weather events are the top risk facing supply chains in 2024, according to an annual outlook report from Everstream Analytics.

Wildfires, rains and droughts could spur shipping delays or agriculture commodity shortages.

Wildfires, rains and droughts could cause shipping delays, while agricultural commodities might face shortages from weather and other factors, the analytics firm said.

Agtech venture capital investments ended 2023 on a sour note as the industry navigated through high-interest rates and o...
29/01/2024

Agtech venture capital investments ended 2023 on a sour note as the industry navigated through high-interest rates and other market detractors, according to Pitchbook.

Deal activity declined to its lowest point since 2019 as the sector battles high-interest rates and indoor farming headwinds, according to Pitchbook.

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