Area Farm & Ag Headlines

Smithfield to Break Off Operations?

Wednesday, March 27, 2013 - 1:46pm
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Smithfield Foods, Inc, the nation's largest hog producer and processor is looking into the possibility of breaking off operations, according to a report by Reuters news service.

This change comes from an appeal of one of Smithfield's largest shareholders, Continental Grain Co., which has a .8 percent stake in Smithfield. Apparently Continental wrote a letter to Smithfield earlier in the month, urging it to change its strategy and structure into three individual companies with the spin of potential higher profits as a result of breaking off hog operations. It was later reported...

Monsanto and Pioneer Enter Licensing Agreement

Tuesday, March 26, 2013 - 1:00pm
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For those who have been watching the Roundup Ready soybean patent lawsuit issues progress, you may remember last summer when a federal court ruled agriculture giant DuPont and its Pioneer subsidiary infringed on a Monsanto patent, consequently awarding Monsanto $1 billion in damage.

With that, DuPont Pioneer and Monsanto have announced today that they have come to a series of technology licensing agreements. Through these agreements, DuPont Pioneer will be able to offer Genuity Roundup Ready 2 Yield soybeans as early as 2014, and Genuity Roundup Ready 2 Xtend glyphosate and dicamba...

$1.7 billion reported in sales (AMPI)

Monday, March 25, 2013 - 12:00pm
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In a press release March 25th, Associated Milk Producers Inc. (AMPI) revealed it delivered sales of $1.7 billion and earnings of $9.3 million in 2012, announced leaders of the milk marketing cooperative owned by 2,900 Upper Midwest dairy farmers. Some 350 voting delegates and guests are reviewing the company’s progress during their annual business meeting that concludes tomorrow at the DoubleTree Hotel in Bloomington, Minn.

AMPI’s core products were the cooperative’s top performers in 2012. Cheese production, which represents 57 percent of total sales, grew by more than 11 million...

MFU Thanks Farmers

Thursday, March 21, 2013 - 5:10am
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Minnesota Farmers Union would like to thank farmers and ranchers for their hard work and dedication in honor of Minnesota Agriculture Week, March 17-23, which was proclaimed by Governor Mark Dayton. The designation is an effort to raise awareness of the positive and important contributions agriculture makes to Minnesota’s economy and its people.

“Farming and ranching is a vital part of Minnesota’s economy,” says Minnesota Farmers Union President Doug Peterson, “Farmers and ranchers are the original green energy. I am proud to stand for farmers in return for all they do for us.”...

General Mills Third Quarter in the Green

Wednesday, March 20, 2013 - 2:32pm
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General Mills Inc.'s (GIS) fiscal third-quarter earnings rose 1.8% as the maker of Cheerios cereal sold more products in its base business, as measured by weight, for the first time in two years, a sign the packaged-food industry is continuing its steady, but, slow improvement.

Excluding acquisitions like Brazilian food company Yoki Alimentos SA, General Mills sales rose 2%, including a one-percentage-point contribution from higher sales volume, a closely watched metric that had been down each quarter since the third quarter of 2011.

The prolonged volume slump came after...

New Regulations for Mille Lacs In Place Soon

Tuesday, March 19, 2013 - 1:56am
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Regulations that will limit the harvest of walleye and potentially increase the harvest of northern pike and smallmouth bass will be implemented on Mille Lacs Lake this spring as part of a multi-year effort to rebuild the lake’s legendary walleye population, according to the Minnesota Department of Natural Resources (DNR).

When the walleye season opens May 11, anglers will be able to keep walleye only between 18- and 20-inches or longer than 28 inches. All others must be immediately released. The possession limit is two, with only one longer than 28 inches.

Last year, anglers...

America's Farmers Grow Communities Program Winners

Thursday, March 14, 2013 - 8:45am
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Farmers are making an impact through the Monsanto Fund's America's Farmers Grow Communities. From local FFA chapters and 4-H clubs to fire departments, community centers and schools, over 1,200 rural communities and their deserving organizations are reaping the benefits of the $2,500 awards.To further support counties that have been declared disaster areas by the USDA due to drought, winning farmers in these counties can choose where to direct an additional $2,500 donation based on community needs that surfaced because of the drought.

A big "Thank You" goes out to all farmers who...

Urban Residents Reveal Thoughts on Agriculture

Monday, March 11, 2013 - 8:08am
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The Minnesota Soybean in conjunction with the R.E.A.L story kicked off their first TV campaign earlier this year, working to build high message awareness and drive traffic to TheREALStoryMN.com. This campaign focuses on urban residents, with an audience of the Twin Cities metro area, working to unveil the urban public thoughts in regards to agriculture and the business of farming.

This campaign is running on a variety of stations so keep an eye out, but you can also view the TV spot here as well.

P.S. Does a tv star look familiar? You might recognize Worthington's very own...

See video

Monsanto Acquires Rosetta Green

Tuesday, March 5, 2013 - 9:57pm
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Monsanto Company today announced it has completed the purchase of substantially all of the assets, and assumption of certain liabilities, of Rosetta Green Ltd.

Rosetta Green develops improved plant traits for agriculture using RNA technology. Rosetta Green experts specialize in the identification and use of unique genes to guide key processes in major crops including corn, soybeans and cotton. The company was formed in 2010 and is based in Rehovot, Israel, at the heart of one of Israel's major science centers. The company's Israel operations will remain intact and all Rosetta Green...

Land O'Lakes 2012 Sales Results - Record Sales

Tuesday, February 26, 2013 - 3:18pm
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Via PR Newswire, it was reported that Land O'Lakes released its 2012 financial results, reporting record sales and net earnings of $14.1 billion and $241 million, respectively.

Not only this, but the company returned $113 million to its members for the fourth consecutive year of returning over $100 million to its members. Additionally, three of the business segments achieved record sales and the Crop Inputs segment had a record earnings in addition to record sales.

The strong results in 2012 continue a trend of exceptional performance. The years of 2007 to 2012 represent the...