Farm Progress is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

7 ag stories you might have missed this week - May 26, 2017

NolanBerg11/flySnow/SteveOehlenschlager/ThinkstockPhotos 7AgStoriesNEW051517-1540x800
Trump releases proposed budget, China polls residents on GMO acceptance and Glencore bids for Bunge.

Been busy around the farm? Here's seven ag stories you might have missed this week.

1. The Trump administration came out with their proposed budget on May 23. The budget eliminates the McGovern-Dole International Food for Education Program and caps the crop insurance premium subsidy at $40,000 for any one individual or entity. – Farm Futures

2. There's a lack of slaughterhouses to keep up with the demand for locally grown meat. The bottleneck keeps prices high and supplies short. Sales of free-range meat were up 26.9% in 2016. – Bloomberg

3. Carl Icahn, a special regulatory adviser to President Trump, has been advocating for a change in requirements for who is responsible for complying with the Renewable Fuels Standard. His role has been called "a clear conflict of interest." – Farm Futures

4. Baar, Switzerland, based Glencore Plc, has made a takeover bid for White Plains, N.Y., based Bunge Ltd. Glencore is the world's largest wheat trader and the biggest merchant of pulses. Bunge has a market value of about $11.3 billion. - Farm Futures

5. Iowa's Terry Branstad has been confirmed as ambassador to China. – Farm Futures

6. China is conducting a nationwide poll to gauge the public's acceptance of genetically modified food. Many Chinese believe GMO food can cause cancer. – Farm Futures

7. Cargill's Witchita-based protein division has named a Josh Nash the leader of its food service channel. – Kansas Farmer

Your bonus is a story about agriculture in China. The nation has a population of more than 1 billion and about .2 acres of arable land per citizen. It takes about an acre to feed the average U.S. consumer. Agriculture in the nation is undergoing a revolution. – Bloomberg

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish