Reuters — Commodity trading and mining firm Glencore is in advanced talks to sell a stake in its agricultural business to the Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal reported, citing people familiar with the matter. The CPPIB would take a stake of up to 40 per cent, valuing the business at […] Read more
CPP reported in talks for stake in Glencore agribusiness
Zimbabwe mulls treasury bills to compensate evicted farmers
Harare | Reuters — Zimbabwe’s government may issue treasury bills, along with imposing a land levy, to raise money to compensate evicted white farmers but the process will take a long time to settle, Finance Minister Patrick Chinamasa said Thursday. President Robert Mugabe early this month agreed to major reforms, including compensation for white farmers, […] Read more
Deere buys stake in U.S. sprayer maker Hagie
CORRECTED, March 30, 2016 — Reuters — Deere and Co. said on Tuesday it has acquired a majority stake in Hagie Manufacturing, allowing the farm equipment manufacturer to take a greater position the high-clearance sprayer market. High-clearance sprayers, which allow farmers to spray fertilizers and pesticides in-crop later in the growing season, are “a new market for […] Read more
U.S. senators call for review of Syngenta takeover
Chicago | Reuters — The U.S. government panel that reviews foreign acquisitions should assess the impact on domestic food security from state-owned China National Chemical Corp’s planned US$43.1 billion acquisition of Swiss seeds and pesticide maker Syngenta AG, four U.S. senators said in a letter Thursday. The letter, sent to Treasury Secretary Jacob Lew, also […] Read more
France confirms new BSE case
Paris | Reuters –– France’s agriculture ministry confirmed Thursday a case of bovine spongiform encephalopathy (BSE) had been discovered in the northeastern region of Ardennes. The suspected case, found in a five-year-old cow, was identified last week during a test carried out on cattle older than 48 months after slaughter. The farm ministry said there […] Read more
USDA clears Monsanto, Syngenta corn traits
Chicago | Reuters — The U.S. Department of Agriculture (USDA) will no longer regulate a genetically-modified corn developed by Monsanto to resist dicamba herbicide, the agency said on Wednesday. The move by the agency’s Animal and Plant Health Inspection Service (APHIS), means it can now be planted without permits or any additional regulatory oversight from […] Read more
ConAgra, Kellogg, Mars to label for GMOs in U.S.
Reuters — ConAgra Foods has joined other food giants in plans to use labels that disclose the presence of genetically modified organisms or GMOs in its food throughout the U.S. ConAgra and other food companies such as Campbell Soup and General Mills have decided to use such labels nationwide, finding it to be the easiest way […] Read more
Panama Canal sets depth limit on ships due to drought
Panama City | Reuters — The Panama Canal will next month impose new draft restrictions on ships due to falling water levels at nearby lakes that form part of the waterway, the authority that administers the canal said in a statement Monday. Ships seeking to cross the waterway must comply with a maximum depth limit […] Read more
France moves toward all-out ban on neonics
Paris | Reuters — French lawmakers approved plans for a total ban on some widely used pesticides blamed for harming bees, going beyond European Union restrictions in a fierce debate that has pitched farmers and chemical firms against beekeepers and green groups. The EU limited the use of neonicotinoid chemicals, produced by companies including Bayer […] Read more
Cuban export opportunities eyed for U.S. farmers
Lima | Reuters –– U.S. Secretary of Agriculture Tom Vilsack said Tuesday that farm officials want to lay the groundwork so U.S. agricultural exporters can seize new opportunities in Cuba if the trade embargo on the country is lifted. The normalization of trade relations would allow U.S. farmers to use lower transportation costs to edge […] Read more
Cyber-Savvy Farmer
