Minette Batters, who is the president of the National Farmers’ Union (NFU) of England and Wales and has been called the most powerful farmer in the UK, was already on a mission to safeguard and improve Britain’s world-leading food standards when the coronavirus hit. Now, working with the more than 55,000 farmer members of the NFU, Batters is seizing the opportunity in a post-COVID recovery to ‘Build Back Better’. Always a strong advocate of making changes relative to their en
Merit Functional Foods is constructing a 94,000 square-foot production facility that will produce the world’s most pure and highest quality canola and pea protein.
So far, the facility’s superstructure was completed in May, and the initial placement of equipment and enclosure of the building is happening throughout the month of June. Once fully completed, the plant will be the first and only commercial site with the capacity to produce food-grade canola protein, a new alter
The National Grain and Feed Association (NGFA) and the North American Export Grain Association (NEAGA) have both expressed strong support of the reauthorization of the U.S. Grain Standards Reauthorization Act for another five years.
Under this act, which was first signed into law in 1916, the Federal Grain Inspection Service (FGIS) and the U.S. Department of Agriculture (USDA) set official marketing standards for grains and oilseeds. The current authorization, which was pas
Northampton, Massachusetts-based Clean Crop Technologies announced it has raised $2.75 million through a Seed round led by Prime Impact Fund. The fund’s commitment of $1.6 million to the round represents the fund’s first agtech investment. The balance of the capital was backed by Factor[e] Ventures, Innova Memphis, the Syndicate Fund, and the Alchemy Fund. The startup’s co-founders, Dan White and Daniel Cavanaugh, together have more than 25 years of experience working in glob
BASF, which is already known in Australia for its work in canola breeding, has officially launched its first Australian wheat variety.
Together with its commercial partner Seednet, BASF has stated that the wheat variety which has been named Ascot, will be available to growers for next year. Developed at BASF’s wheat and oilseed breeding center at Longerenong in Victoria, Ascot was designed to grow in high-rainfall zones, and has Australian Premium White (APW) classification
Louis Dreyfus Company has officially launched LDC Innovations, a corporate venture capital unit tasked with investing in food and farming companies as part of its strategic plan to cement a position as a key player in global value chains. “This program is another positive step in our strategic growth plans, as part of which we are investing in innovations and technologies that can help meet increasing global demand for healthy, nutritious products that are responsibly sourced
The world can expect to see record grain production for the second year in a row. Corn production growth of 4.4 percent will drive output for the 2020/2021 season to new heights, according to the UN Food and Agriculture Organization (FAO). The organization forecasts cereal grain production of 2.781 billion tons - an increase of 2.6 percent over the previous record set in 2019/2020, noting that despite the uncertainties generated by the pandemic, the supply and demand scenario
The &Green Fund, a blended finance impact investment fund with a mission to protect forests and tropical forest commodities, has made its first investment in Brazil, announcing the singing of a $10 million, 8-year loan facility with Grupo Roncador, a cattle ranching, and corn and soy farming company in Mato Grosso. Developed by IDH in collaboration with the Norwegian International Climate and Forests Initiative (NICFI), the &Green Fund invests in commercial, socially inclusiv
Indiana-based cooperatives Ceres Solutions and Co-Alliance have created a newly formed joint venture for the purpose of exploring the acquisition of CHS-owned retail assets in Michigan. Farmer-owned Ceres Solutions is headquartered in Crawfordsville, Indiana, serving farmers across 37 counties in Indiana and Michigan providing agronomy, seed, feed, and energy products and services. Co-Alliance has operations across Indiana, Ohio, Michigan, and Illinois, specializing in agrono
State-run grain companies in China have been directed by Beijing to stop buying U.S. soybeans and pork, amid rising tensions between the two countries, and possible sanctions on Hong Kong. After China imposed a national security law on Hong Kong, the U.S. said it would revoke Hong Kong’s preferential treatment as a separate customs and travel territory from mainland China. The U.S. administration also contended that it would begin to explore sanctions against China and Hong K