Sen. Charles Schumer warns that if Washington doesn't avoid the so-called fiscal cliff, New Yorkers could see the price of milk double and dairy farmers would suffer. The Democrat says Congress must agree on a budget or a 1940s law will kick in on Jan. 1 that will trigger higher costs even as famers get lower prices under the government's subsidy program.
A University of Missouri researcher says the number of wineries in the state more than tripled over the past decade. Fabio Chaddad is an assistant professor of agricultural economics. His research on behalf of the U.S. Department of Agriculture shows Missouri had 108, mostly small wineries last year, compared with just 31 wineries in 2000.
GrainCorp says Archer Daniels Midland Co.'s latest, $2.35 billion offer for the Australian grain handler is still too low. ADM earlier this month offered GrainCorp shareholders 12.20 Australian dollars per share in cash. That works out to about $2.35 billion for the shares of GrainCorp ADM doesn't already own. ADM has a 19.9 percent stake in GrainCorp.
A grand jury has indicted the former manager and current co-owner of Valley Dairy, which owns and operates Palmer-based Matanuska Creamery, on charges of misusing federal grant money that was intended to help Alaska's dairy industry. Under the indictment handed up Tuesday, Kyle Beus faces three counts of wire fraud and three counts of making false statements to the U.S. Department of Agriculture.
“Cranberries are an exceptional holiday fruit,” said Larry Martin, vice president of global marketing at Ocean Spray. “They make everything more festive and provide the perfect complement to holiday dishes and décor whether they’re fresh, dried, juice or sauce.”
The U.S. trade deficit grew 4.8 percent in October from September to $42.2 billion. The deficit increased because exports fell by a larger margin than imports. U.S. exports dropped 3.6 percent to $180.5 billion because sales of commercial aircraft, autos and farm products all declined. Imports fell 2.1 percent to $222.8 billion, reflecting fewer shipments of foreign-made cell phones, autos and machinery.
With choices ranging from healthy and nutritious to decadent and delicious, attendees will get to sample, purchase and otherwise indulge in gourmet chocolates, baked goods, fudge, gelato, specialty foods, cheeses, wines, beers and much more from over 60 local and regional vendors.
The number of Americans seeking unemployment benefits fell sharply for a fourth straight week, a sign that the job market may be improving. The Labor Department said Thursday that weekly applications for unemployment benefits fell 29,000 last week to a seasonally adjusted 343,000, the lowest in two months. It is the second-lowest total this year.
The Canadian Food Inspection Agency and Loblaw Companies Ltd. are warning the public to avoid certain Butcher's Choice Garlic Peppercorn Beef Burgers because of possible E. coli contamination. The affected product is sold frozen in 1.13 kilogram packages with a best-before date of March 3.
Food prices rose by the most in nearly two years, pushed higher by costlier beef and vegetables. Beef prices jumped 8.2 percent, the biggest gain in four and a half years. Vegetable prices rose nearly 12 percent. Grocery stores may mark up the prices of those products in the coming months, but probably not by as much.
Recent research on consumers' use of restaurants and retailers for social catering found three-year compound annual growth rates projected at 5 percent or better for several market segments. But fast-casual restaurants are poised to outperform all other players, with projected growth at 12 percent, followed by quick-service sandwich restaurants (8 percent) and club stores (7 percent).
Mister Snacks, Inc. of Amherst, New York, is recalling its 5 oz. packages of Sunbird Snacks Yogurt Raisins because they may contain undeclared peanuts. People who have allergies to peanuts run the risk of serious or life-threatening allergic reaction if they consume these products.
Little Miss Muffet could have been separating her curds and whey 7,500 years ago, according to a new study that finds the earliest solid evidence of cheese-making. Scientists performed a chemical analysis on fragments from 34 pottery sieves discovered in Poland to determine their purpose. Until now, experts weren't sure whether such sieves were used to make cheese, beer or honey.
Rising demand and falling supply are spurring talk in the arid West of outside-the-box ideas including piping in water from the nation's heartland and towing Arctic icebergs south to help such thirsty U.S. cities as Denver, Los Angeles, Las Vegas and Phoenix.
United States Agriculture Secretary Tom Vilsack and United States Trade Representative Ron Kirk today issued the following statement in response to Russia's new requirements that U.S. beef and pork exports to Russia be tested and certified free of the feed additive ractopamine.
A former worker at a South Dakota beef processor is suing ABC News, celebrity chef Jamie Oliver and a food blogger, saying their use of the phrase "pink slime" to describe one of the company's products led to him losing his job. Bruce Smith, 58, is among about 750 people who were laid off at Beef Products Inc. in the wake of news reports about the product: lean, finely textured beef.
Rising demand and falling supply is spurring talk in the arid West of outside-the-box solutions like piping water from the nation's heartland and towing Arctic icebergs south to help thirsty U.S. cities like Denver, Los Angeles, Las Vegas and Phoenix that are currently dependent on the Colorado River.
A full slate of education sessions and workshops has been announced for the Annual Meat Conference, to be held February 24-26, 2013, at the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee. Attendees will become better prepared to tackle the most pertinent issues facing the meat industry today through sessions that focus on hot topics.
The value of mergers and acquisitions deals around the world in 2012 was nearly half the amount made five years ago, when the financial crisis first bared its teeth, a leading accounting and consulting firm said Wednesday. There were a little under 37,000 deals worldwide, around 9,000 less than in 2007, when many companies took part in a feverish bout of deal-making, many of which proved to be too costly for the companies to bear.
The U.S. Department of Agriculture's (USDA) Food Safety and Inspection Service (FSIS) has announced that, beginning in 60 days, the Agency will require producers to hold shipments of non-intact raw beef and all ready-to-eat products containing meat and poultry until they pass Agency testing for foodborne adulterants.