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Business & Markets: Page 32
Business & Markets
East and Gulf Coast ports reopen with tentative agreement to end strike
The agreement extends the labor contract until January 15, 2025, allowing continued negotiations.
Business & Markets
Lawmakers seek quick aid to hurricane-hit ag producers
Members of both houses, representing five southeastern states, want to “fully fund unmet agricultural disaster relief needs in our states and across the nation.”
Business & Markets
Port strike raised concerns for US animal food supply
According to the American Feed Industry Association, the port closures would have severely restricted animal and pet food exports and imports, leading to substantial economic losses for these industries.
Business & Markets
Strike paralyzes US Atlantic and Gulf Coast ports
The USDA has reassured the public, stating that current domestic agricultural production and alternative export channels can mitigate the strike’s effects.
Animal Feed Manufacturers
2 Agriculture reports improvements in profit, gross margin
Despite a dip in revenue for the past financial year, United Kingdom-based feed company 2 Agriculture Ltd. posted year-on-year improvements in operating profit and gross margin percentage.
Business & Markets
Farmers, ranchers ‘anxious’ as farm bill expires
A one-year extension of the 2018 farm bill expired September 30, and Republicans in the U.S. House of Representatives don’t have the votes to pass a new bill, according to Agriculture Secretary Tom Vilsack.
Company News
Land O’Lakes, MFA Inc. form strategic alliance
The strategic alliance aims to further strengthen the federated cooperative system through collaborative growth and by better utilizing the collective strength of two leading cooperative organizations.
Mergers & Acquisitions
Anpario completes acquisition of Bio-Vet Inc.
Anpario Inc., a wholly owned subsidiary of Anpario PLC, the independent manufacturer of natural sustainable animal feed additives for health, nutrition and biosecurity, has completed the acquisition of Bio-Vet Inc.
Business & Markets
Bill would use USDA funds to convert CAFOs to pasture, crops
A bill introduced in the U.S. House of Representatives and Senate would allow farmers to voluntarily convert their on-farm infrastructure toward what it says is more climate-friendly uses with conservation dollars from the U.S. Department of Agriculture.
Animal Feed Additives & Ingredients
Bill introduced to secure US vitamin, amino acid supply chain
The Securing American Agriculture Act would require the USDA to study global supply chain markets for U.S. agricultural inputs, including feed ingredients, such as vitamins, minerals and amino acids used in feed and pet food production.
International Trade
Ag organizations urge President Biden to prevent port disruptions
Nearly 40% of containerized agricultural exports rely on these ports, and the industry is urging swift action ahead of the labor agreement expiration.
Animal Feed Manufacturers
Louis Dreyfus breaks ground on feed production line in China
Louis Dreyfus Co. (LDC) has broken ground on its new specialty feed production line in Tianjin, China, as part of the group’s strategic plans to diversify revenue through value-added products.
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