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USDA to close 249 offices in cost-saving move

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The U.S. Agriculture Department plans to close 249 offices this year — half of them the local offices that deal with farmers — in a cost-cutting program, Agriculture Secretary Tom Vilsack announced Monday. USDA says the package will save $150 million a year and help reduce the yawning federal deficit. Vilsack announced the closures in […] Read more
General

ADM to cut jobs worldwide

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Agricultural processor Archer Daniels Midland said Wednesday it would reduce its workforce by three per cent, making it the latest agribusiness giant to make cuts in the face of volatile global markets. Chicago-based ADM said it will eliminate about 1,000 positions worldwide "to enhance the cost structure of the company," estimating the cuts and "other […] Read more
General, Markets

Food prices may ease in 2012 but won’t drop: FAO

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Prices of some foods may ease slightly in 2012 due to a slowing global economy but are unlikely to drop drastically from the high levels reached last year, the new director-general of the U.N.’s Food and Agriculture Organization said on Tuesday. Jose Graziano da Silva, the Brazilian who replaced Senegal’s Jacques Diouf at the helm […] Read more
General, Livestock

Another step toward resumed access for beef to South Korea

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Agriculture Minister Gerry Ritz and International Trade Minister Ed Fast on Dec. 30 announced "a major step" toward restoring access for Canadian beef in South Korea. The announcement follows the South Korean Parliament ratifying the import health requirements (IHRs) for Canadian beef under 30 months of age. The government release said the South Korean Government […] Read more
Crops, General

Mosaic cuts phosphate production

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Fertilizer producer Mosaic Co. said Dec. 28 it will cut production of phosphate, a key nutrient used for crop production, because prices have fallen to unsustainable levels. The Minnesota-based company said it would cut its planned production of phosphate by 250,000 tonnes over the next three months, blaming economic uncertainty for a drop in prices. […] Read more
Crops, General

Specialty crops bidding for acres in 2012

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A North Dakota farm management specialist says returns from minor crops such as safflower, buckwheat, mustard, rye and millet may be more competitive this year. "It has been a challenge for buyers of minor crops to ‘bid for acres’ when prices for major crops, such as wheat, corn and soybeans, have been at historically high […] Read more
Crops, General

How about $6,700 per acre for corn land?

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Corn country is getting more expensive — fast, according to the results of a new study released Dec. 14. With farmers and investors alike bidding up the cost of key acreage used for growing corn, soybeans and other crops, the average value for Iowa farmland has risen 32.5 per cent over the last year to […] Read more

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