By Lynda Kiernan Massachusetts-based Ocean Spray, the single provider of 65 percent of the world’s cranberries, is taking a new approach amid multiple challenging market fronts, announcing a new business model to seize innovation, growth, and returns. The shift for the 90-year old farmer cooperative began in May when it moved its innovation […]
By Lynda Kiernan Privately owned, fourth generation Angus Pastoral Company is investing nearly A$30 million (US$20.4 million) to expand into beef processing with the construction of a specialized abattoir and processing plant in central Queensland. Founded in 1960, Angus Pastoral has grown over the years to include four properties totaling 400,000 acres across central Queensland […]
by Lynda Kiernan Chicago-based Archer Daniels Midland (ADM) announced it has undertaken its second reorganization in 14 months in response to challenging market conditions, adverse weather, and an ongoing trade war with China. The company will be consolidating its existing business units, creating a new unit – Ag Services & Oilseeds – which will combine […]
Australia’s Grain Corp announced it plans to restructure and split its business, spinning off its malting unit, which accounted for more than half of the company’s earnings last year, after drought caused cuts to the volumes of grain being delivered to and handled by the company. By splitting the company, Grain Corp believes the move will […]
Canadian marijuana company Canopy Growth announced its plans to invest up to $150 million to establish its first production facility in the U.S. Following the passage of the 2018 Farm Bill allowing for the commercial production of hemp, the company has been granted a license by New York State to produce and process the crop, […]
Louis Dreyfus Company (LDC) B.V. announced its intentions to exit its dairy business by the middle of this year. The announcement comes amid a strategic overhaul of its business started three years ago that will allow the company to focus on its core businesses, including investments in origination and destination markets, vertical and horizontal downstream […]
The Forrest family’s Harvest Road, one of the largest integrated agribusinesses in Australia, and the owner of Harvey Beef, announced a $50 million investment to develop an intensive cattle feeding hub in Western Australia. Part of the Minderoo Group, Harvest Road is an impressive privately-owned ag investor with a portfolio containing five properties totaling 1.3 million […]
Arable Capital Partners has announced the launch of Laurel Agriculture + Water Solutions (Laurel Ag). Having closed on the acquisition of three highly respected irrigation companies, Arable has forged Laurel Ag in which to combine these strategically chosen holdings in one platform that focuses on precision water solutions and agriculture products developed to revolutionize the industry, […]
Soren Schorder, CEO of global grain commodities giant Bunge, is stepping down from his position which he has held since 2013, as the negative fallout from a prolonged period of low grain prices and the ongoing trade war between the U.S. and China have heightened investor unrest. Bunge’s Board has established a search committee to […]
The news often centers on the climbing demand for plant-based proteins and investments in support of meeting such demand. However, the animal protein space is still dynamic, particularly in developing markets. In a very short period of time, Cargill has made multiple announcements underscoring that company’s efforts and investments in expanding its animal protein business. […]
