It might come as a surprise to hear J.P. Bilbrey, CEO of The Hershey Co., explain that Hershey is no longer a candy company. It's a "knowledge" company that makes candy. That self-view is a key part of Hershey's strategy for growth, both in and outside North America.
The study released by the University of Arkansas System Division of Agriculture says some ranchers sold off their herds because they couldn't afford to feed their animals. The $128 million figure is a conservative one that assesses only costs to ranchers, according to the study's authors, Michael Popp and Nathan Kemper.
A long-delayed South Dakota beef-processing plant is ready for a test run, an indication it is making progress toward opening. Aberdeen city officials have issued Northern Beef Packers a temporary certificate of occupancy, which will allow the plant to slaughter up to five cattle to test its equipment.
Gov. Andrew Cuomo on Thursday called for a "summit" to boost the beer and wine industries in New York just months after he began a similar event to try to make the state the nation's largest producer of Greek-style yogurt. "The yogurt summit worked very, very well," Cuomo said. He said the beer and wine summit in late October will be patterned after it.
If Deans Food Co.'s sale of its Morningstar dairy business goes through, shareholders could benefit, one analyst said. That's if the deal is even possible. Another analyst thinks the milk company will have a difficult time finding a buyer.
Food safety officials in Ottawa say the Alberta facility at the centre of a massive beef recall won't resume operations until it has taken the steps necessary to ensure its products are free of E. coli. XL Foods Inc., in Brooks, Alta., has had its operating licence temporarily suspended by the Canadian Food Inspection Agency.
More Americans than ever are choosing natural foods according to the fifth annual Whole Foods Market® Food Shopping Trend Tracker Survey. The research revealed that nearly three out of four Americans don't want to compromise on the quality of the food they buy regardless of current food prices and nearly two-thirds describe themselves as "value seekers" when it comes to grocery shopping.
Idaho's $2 billion milk industry failed to convince Congress this month to pass the new federal farm bill and its provisions to help dairies mitigate rising grain costs and volatile markets that have pushed them to three quarters of losses.
Emerging markets are adding spice to McCormick & Co.'s business. Increasing consumer demand in China, along with recent deals in India and Poland, helped the lifted spices, seasonings and condiments maker's third-quarter profit 13 percent, despite higher costs.
Seed farmers fear canola would cross-pollinate with their plants, destroying the value of the pure seeds they produce. They're joined in their fight by organic-food lovers, small-farm advocates and opponents of genetically modified crops.
Heineken NV is spending another €3.2 billion ($4.0 billion) to gain control over the Tiger beer brand as part of a strategy to significantly expand its operations in Asia. Shareholders of Singapore-based conglomerate Fraser & Neave agreed Friday to sell their 39.7 percent stake in Asian Pacific Breweries, the owner of Tiger and other popular Asian brands, to Heineken.
The U.S. Department of Agriculture has extended its public health alert about beef from an Alberta plant to stores in 30 states, including retail giant Walmart. The alert means XL Foods Inc. is voluntarily recalling beef products from these stores over concerns about possible E. coli contamination.
In this Feb. 1, 2012 photo, a machine crushes canola and soy to make biofuel and/or food grade canola oil Willamette Biomass Processors plant in Rickreall, Ore. Some farmers want to grow more canola because it's a profitable alternative to grass seed and wheat. But other farmers who grow specialty vegetable seeds worry about contamination from canola.
The question of the moment at 700 pioneering McDonald's restaurants: You want TV with those fries? Not just any television, but the custom-made M Channel, formulated and tested with the same attention to detail that made Big Macs and Chicken McNuggets cultural icons.
Private-label food producer Ralcorp is considering selling its remaining stake in its Post cereal business. Ralcorp Holdings Inc. completed a spinoff of Post Holdings Inc. earlier this year so that it could focus on its private-label foods business. Ralcorp has since acquired a string of smaller companies in an effort to build that core business.
The nation's worst drought in decades consumed a larger portion of the lower 48 states last week with the Midwest corn harvest in full swing, according to the latest update by a drought-tracking consortium released Thursday. The U.S. Drought Monitor's new map shows 65.5 percent of the contiguous U.S. experiencing some form of drought as of Tuesday, creeping up from 64.8 percent a week earlier.
The Czech prime minister says his government will ease a ban on the sales of spirits that was adopted because of methanol poisoning that has killed 26 people. Petr Necas says hard liquor that was produced before Jan. 1 is considered safe and can be sold again starting Thursday.
In the report, titled "The Industrialization of China's Pork Supply Chain," Rabobank's Food & Agribusiness Research and Advisory group says that if current trends in China's pork production and industrialization continue, corn imports could approach 20 million tonnes per year within a five-year time frame.
Nonfat cheese that tastes like plastic. Low-calorie soda that leaves a bitter aftertaste. Sugar-free brownies that crumble like Styrofoam. Dieters have learned an important lesson: When you take the fat and calories out of your favorite treats, you sometimes have to say goodbye to the taste too.
Dean Foods Co. said Wednesday that it is considering a possible sale of its Morningstar dairy business, which sent its shares soaring. The Dallas-based company has not identified a buyer, but said in a statement that the Morningstar would be an attractive acquisition, given its niche in a growing market and solid management team.