Did you miss some news this week? We’ve got you covered. Here’s a collection of the top headlines in agriculture.
Farm Futures 2024 acreage forecasts
Corn and soybean acreage will shift across the U.S. in the spring of 2024, but perhaps not by as much as what market prices are currently forecasting. The Farm Futures January 2024 grower survey results show farmers are indicating only slight changes in corn and soybean acres. Market analyst Jacqueline Holland shares the findings. – Farm Futures
Government report raises concerns about foreign ag ownership
A U.S Government Accountability Office report says USDA needs to do a better job of collecting, tracking and sharing data on foreign investment in agriculture land. Foreign investment in American agricultural land increased to approximately 40 million acres in 2021, and the GAO notes this could pose national security risks in some cases, such as when a foreign interest buys land near U.S. military facilities. – Farm Progress
ADM places CFO on leave during accounting probe
Archer-Daniels-Midland Co. plunged 24%, the most on record, after the U.S. agricultural trading giant suspended its chief financial officer and cut its earnings outlook pending an investigation into its accounting practices earlier this week. The probe is focused on what ADM described as “intersegment transactions” involving its nutrition unit. – Bloomberg
Bobcat introduces all-electric options
Electric power, autonomy and increased connectivity are all technologies available now or coming in the near future from Bobcat. Take a closer look at Bobcat’s advanced offerings to the market today, like the all-electric compact track loader and electric compact excavators. Products in the pipeline include an all-electric skid-steer loader and a loader featuring electric and autonomous capabilities. – Indiana Prairie Farmer
Latest tech shakes up fertilizer, herbicide space
On the surface, little seems to have changed in the corn fertilizer and herbicide space. However, technologies are on the way that will rock this seemingly sleepy world. Learn more about what’s coming, including changes to the nitrogen manufacturing process, smart spraying and herbicide encapsulation. – Wallaces Farmer
Tyson opens high-tech bacon plant in Kentucky
Tyson Foods officially opened an automated bacon processing plant in Bowling Green, Kentucky on Thursday. The 400,000-square-foot facility, which will employ 450 workers, has enough capacity to process 2 million pounds of Jimmy Dean and Wright’s branded bacon for food service and retail every week. – Agriculture Dive
Protect your flock from avian flu
Avian flu is being spread primarily by migratory birds, putting game birds, and backyard and commercial poultry at risk. UC Davis School of Veterinary Medicine associate professor Maurice Pitesky encourages poultry owners to prevent their flocks from encountering waterfowl and to limit access to waterfowl habitat. Monitor your birds closely and watch for these symptoms. – Western Farm Press
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