A U.N. agency plays down fears of a looming world food crisis as international coordination and flagging demand have led to a drop in food prices for the third consecutive month in December. The food price index of the Rome-based Food and Agriculture Organization edged down 1.1 percent with drops in the international prices of major cereals, oils and fats.
Archer Daniels Midland shut down operations Wednesday at its corn processing plant in central Illinois after an early morning explosion damaged the facility. A fire broke out after the explosion in the maintenance area of the Peoria plant at about 3 a.m. Wednesday, ADM spokeswoman Jackie Anderson said. Nobody was hurt, but fire officials say one person was taken to the hospital as a precaution.
Tom Kallina has no fields to till, plant or flood. But his business depends on Texas' rice industry and the likelihood that farmers won't get irrigation water for a second consecutive year threatens to destroy it, along with hundreds of others in his area.
The XL Foods meat packing plant that was at the center of the largest meat recall in Canadian history has been acquired by the subsidiary of a Brazilian company. JBS South America says its Canadian division, JBS Food Canada, expects to complete the purchase of the XL operations in Brooks, Alta., on Monday.
Archer Daniels Midland shut down operations Wednesday at its corn processing plant in central Illinois after an early morning explosion damaged the facility. A fire broke out after the explosion in the maintenance area of the Peoria plant at about 3 a.m. Wednesday, ADM spokeswoman Jackie Anderson said.
Perdue Farms is seeking up to $2.5 million in attorney fees following its victory in a poultry pollution case that had been closely watched by environmentalist and agriculture interests for its potential impact on the industry, a company spokeswoman said Wednesday.
Today, 597 counties in 14 states have been declared primary disaster areas by the USDA. Due to ongoing drought conditions in these regions, farmers located in these counties are now qualified for low-interest emergency loans.
Somersault Snack Co., LLC, in cooperation with the U.S. Food and Drug Administration (FDA) is voluntarily recalling all packages of Somersaults Cinnamon Crunch products with Sell By Dates of 8/30/2013 or earlier. The packaging of these products inadvertently fails to declare the allergen milk which is contained in a flavoring ingredient of these products.
John Wilson, Senior Vice President of Dairy Farmers of America issued the following statement regarding the Tax Relief Act and its impact on dairy farmers: “After years of work to bring dairy policy reform to fruition, we are extremely disappointed that Congress has turned its back on dairy farmers."
Wine and liquor seller Constellation Brands Inc. said Wednesday that its fiscal third-quarter net income rose 4 percent as volumes increased, and it boosted its profit prediction for the year. The company earned $109.5 million, or 58 cents per share, in the three months through Nov. 30. In the same months a year ago, profit came to $104.8 million, or 52 cents per share.
Agriculture Secretary Tom Vilsack today designated 597 counties in 14 states as primary natural disaster areas due to drought and heat, making all qualified farm operators in the areas eligible for low-interest emergency loans. These are the first disaster designations made by the U.S. Department of Agriculture in 2013.
Cargill said Wednesday that its fiscal second-quarter net income quadrupled, as most of its businesses posted gains. For the quarter ended Nov. 30, the privately held agribusiness company said it earned $409 million, up from $100 million in the same quarter last year. Revenue rose 6 percent to $35.2 billion.
Findings from a new peer-reviewed study of 20,000 American workers suggests employers can maximize their employees’ job performance and reduce absenteeism by using a multi-pronged, integrated approach to well-being improvement. The study demonstrates that employers seeking to improve worker productivity and reduce absenteeism should employ broad work-site based interventions.
Southwest Ice Cream Specialties of McKinney, Texas, is voluntarily recalling some of its Dulce de Leche ice cream containers because they may contain praline pecan ice cream, which has wheat, soy and pecans that could cause problems for people allergic to those ingredients.
In its latest push to establish itself as a purveyor of premium burgers, Wendy's is testing a pretzel bun. The Dublin, Ohio-based chain has started selling a bacon cheeseburger in select locations made with a slightly heartier, pretzel-like bun. A spokesman for Wendy's declined to confirm the tests or provide any details, such as the price or where exactly it's being offered.
The company that makes Thomas' English muffins, bread and assorted sweets is planning a $75 million bakery in eastern Pennsylvania. Horsham-based Bimbo Bakeries says it has bought 30 acres in Upper Macungie Township for a plant that's expected to employ 100 people. The company says it plans to complete the 240,000-square-foot facility by the end of the year, with operations beginning in 2014.
Texas rice farmers probably won't get irrigation water to flood their fields for an unprecedented second consecutive year after officials overseeing major reservoirs in Central Texas voted Tuesday to cut off downstream allotments if there's no significant rain by March.
Dozens of federal homeland security agents searched Sparboe Farms in Litchfield on Tuesday as part of what authorities called a "larger criminal investigation," but details about the nature of the operation were not disclosed. No criminal arrests were made, but 10 people were picked up on an administrative charge that U.S. Immigration and Customs Enforcement often uses to detain possible illegal immigrants.
Starbucks announced Thursday, Jan. 3, it would enter Vietnam in early February with a cafe in Ho Chi Minh City. But the Seattle-based company faces a unique market in Vietnam, where French-inspired coffee culture reigns supreme; two homegrown chains have established presences; and family-run sidewalk cafes are as ubiquitous as noodle shops.
Small business owners were slightly more optimistic at the end of 2012 even as they awaited the outcome of negotiations in Congress over the "fiscal cliff." That's the finding of a survey by the National Federation of Independent Business, a lobbying group. The NFIB's small-business-optimism index rose half a point from its level in November to 88. The index remains near its lowest readings on record.