Feb. 18--The U.S. Department of Agriculture on Thursday released its annual long-term projections for the agriculture industry, with the forecast going out to 2023.
Below are some bullet points from the 93-page report:
High commodity prices led to record values of U.S. agricultural exports and U.S. net farm income in 2013. Projected reductions in prices for most major crops over the next several years will result in declines in export values and farm cash receipts through 2016. While net farm income is projected to stay below the 2013 record, it remains well above the average of the previous decade (2001-10).
Strengthening global food demand, a weak dollar, and continued biofuel demand,...
Feb. 14--A Chicago-area company has filed a breach of contract lawsuit against Energae LP, a Clear Lake, Iowa, "green energy" company that has sought funds from North Dakotans in the past five years.
Ingredion Inc. of Westchester, Ill., filed suit in Cerro Gordo County District Court in Mason City, Iowa, on Feb. 6. The company is asking for $81,581 from Energae, a biofuel manufacturing business.
According to the lawsuit, Energae entered into a contract with Ingredion on Sept. 27, 2012. Ingredion says it provided products to Energae and charged $80,402. It says Energae made one payment of $2,500 on May 20, 2013, but owed $77,902. With interest at 1.5 percent per month, the total owed is...
Feb. 15--Net farm incomes are in for a 27 percent drop this year, according to federal economists, though Montana agriculture groups say they may miss the worst of it.
The forecast, released this week by the U.S. Department of Agriculture's Economic Research Service, puts net farm income at its lowest point since 2010 and credits much of the drop to falling prices for corn, a crop that isn't widely grown in Montana.
Still, state farmers are bracing for lower prices after four straight years of record growth.
"Most farmers right now are thinking prices are going to continue to fall, but there's still some optimism," said Lola Raska, Montana Grain Growers executive vice president.
For decades, China's rulers deemed grain production a linchpin to its national security. The policy of self-sufficiency was a legacy of its planned economy from the days of Mao when China was increasingly isolated from the outside world.
But China's communist founders couldn't have predicted the nation's dizzying rise in meat consumption, which has grown nearly ten-fold to 71 million metric tons since 1975.
That's why China has been increasingly importing grains such as soybeans and corn from the U.S. and Brazil to boost its livestock population. Grain self-sufficiency was becoming like communist dogma in China: more a theory than a practice.
Minnetonka, MN, February 18, 2014 – Electro-Sensors, Inc. (Nasdaq: ELSE) announced today it has acquired the advanced wireless hazard monitoring product line from Harvest Engineering Inc. (“Harvest”). Electro-Sensors will market and sell the new hazard monitoring products under its new HazardPRO™ product line and manufacture and service them at its Minnetonka, Minnesota facility.
“The creation of the HazardPRO™ product line will enable us to deliver best-in-class hazard monitoring systems built upon a field-proven wireless platform,” said David Klenk, President of Electro-Sensors. “This acquisition complements our existing hazard monitoring sensors and systems and expands our product...
DES MOINES, Iowa – February 18, 2014 – To comply with new regulations and meet the increased consumer expectations regarding food safety and quality, the feed industry is embarking on a new era focused on prevention rather than reaction.
To help feed professionals navigate the future of food safety, Kemin recently launched a new magazine, FeedForward™. FeedForward serves as a resource addressing hot topics such as the Global Food Safety Initiative, the impact of the U.S. Food & Drug Administration’s Food Safety Modernization Act (FSMA), and the importance of a comprehensive Salmonella control program. The first issue is filled with timely information from recognized experts including...
“Although many of us are entertained through the television programming that we choose, we must realize as consumers that what is portrayed by actors is just that, acting. Chipotle’s latest advertising campaign, ‘Farmed and Dangerous,’ generates fictitious information about animal agriculture, specifically the animal feed industry. Providing consumers with erroneous information about the food system prevents them from making adequate choices about the food available to them and their families. And the ability to make educated choices about the foods we consume is something AFIA members take great pride in helping consumers with.
“AFIA is disappointed with the Mexican food chain’s...
Cargill Inc, the top exporter of U.S. grain and oilseeds, said it will reject crops containing a new genetically modified Syngenta AG corn trait that are delivered to its grain elevators for export contracts.
Corn seeds containing Syngenta's Agrisure Duracade trait are available for planting in the United States for the first time this year after U.S. authorities cleared the trait in 2013. The trait has not been approved for import by China or the European Union, both major buyers of U.S. crops. To read more click here.
AgTrax, one of the fastest growing agricultural accounting platforms in the industry has announced the release of its API for Agronomy. After months of development, QA and testing, all AgTrax customers and prospects utilizing the AgWorks suite of Agronomy tools, will soon have the option to seamlessly integrate data between the two programs with the help of XML Web Services.
"A late 2011 announcement that AgTrax had formed a strategic relationship with AgWorks, an Iowa based Agronomy-specific software provider, brought tremendous excitement to our customer base states Gayle Lewis- Operations Director at AgTrax, acceptance of that program and the adoption rate has been tremendous. ...
SIOUX FALLS, S.D. (Feb. 12, 2014) – Steve Hartig, General Manager – Licensing with POET-DSM Advanced Biofuels, will provide an update on the joint venture’s progress in bringing cellulosic ethanol production to commercial scale during a session Tuesday at the National Ethanol Conference.
Hartig will take part in the session titled “Advanced Ethanol: Building Plants, Coming Online,” at 2:15 p.m. in the Mediterranean Ballroom of the JW Marriott in Orlando.
Project LIBERTY is POET-DSM’s first commercial cellulosic ethanol plant using crop residue – corn cobs, leaves, husk and some stalk. The facility, under construction in Emmetsburg, Iowa, will initially produce 20 million gallons of...