Food and Beverage Agriculture

  • Some Farmers 'Will Make More Money' in Drought

    There's no question there will be less corn than expected, and that has driven grain prices to record levels. There is some question as to how much corn farmers will suffer.

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    U.S. farmers are heading for their most profitable year on record despite the worst drought in half a century as high grain prices and payouts from a federal crop insurance program compensate for a smaller harvest, the Financial Times reports.

  • Corn

    With $8  corn appearing to be the new normal,  retail food prices are already rising. I asked a cattleman, two dairy farmers, a hog farmer and a couple of egg producers t how much corn is needed to feed a single animal over its lifespan, and how much product they get from that animal.

  • Depending on what your position is on the medicinal uses of marijuana, Jerome P. Kassirer, M.D. wrote in a 1997 article for the The New England Journal of Medicine that physicians who prohibit prescribing marijuana for seriously ill patients is misguided, heavy-handed, and inhumane.Thousands of suffering patients with cancer, AIDS, and other diseases claim that marijuana provides them relief from devastating symptoms such as intractable nausea, vomiting, and pain by smoking marijuana.We asked Hi

    Thousands of patients claim marijuana provides them relief from devastating symptoms. We asked High Times Cultivation Editor Danny Danko to put a cost on this relief.

  • Migrant workers weed lettuce seed plants at an organic produce farm near Fresno, California.

    There's a different sort of drought plaguing California, the nation's largest farm state. It's $38 billion agricultural sector is facing a scarcity of labor.

  • Residents shop for local goods at one of the downtown's busy sidewalk markets in Jakarta, Indonesia.

    Greater spending from the burgeoning emerging market middle class is one of those themes global and emerging market investors have clung to as developed market consumers and governments deleverage. But there’s a growing risk emerging market consumers could start pulling back as industrial commodity prices fall and higher food prices lighten consumers’ wallets.

  • Crop Failure due to Drought

    The extreme heat wilting crop harvests across the U.S. is exerting a “big” toll on input prices, the chief executive of Sunny Delight told CNBC Wednesday, issuing a call for the government to suspend mandates that divert corn into biofuels.

  • Cattle try to keep cool in the remains of a farm pond in a pasture heavily damaged by drought August 3, 2012 near Cuba, Illinois. Farmers in the Midwest and elsewhere continue to struggle after than half the counties in the United States have been designated disaster areas, mostly due to drought conditions throughout the Midwest.

    Is agriculture feeling a little down on the farm? End of the world coming with this drought? Clearly the gloom and doomers haven't met the Peterson Farm Brothers.

  • Jeremy Tilton fills a water tank for cattle in a pasture August 3, 2012 near Cuba, Illinois.

    While wreaking havoc on grain crops, the worst U.S. drought in a half century is providing opportunities for companies that provide and pump the most precious of commodities — water. While the drought is testing farmers and food producers, the volatility in weather patterns is giving water companies new revenue sources, as they provide solutions to the environmental challenges.

  • Crop Failure due to Drought

    Action in Washington, combined with the ongoing efforts by our agricultural experts to mitigate the effects of this drought will ensure that agriculture remains a strong pillar of the U.S. economy that provides good jobs and feeds the world.

  • Annies Mac and Cheese

    A drought that has ravaged U.S. crops and sent key commodity prices surging has yet to take a toll on Annie’s pricing or its bottom line, the CEO told CNBC in an interview Wednesday.

  • Marion Kujawa looks over an ear of corn picked from one of his fields on July 16, 2012 near Ashley, Illinois. The field from which the corn was picked has yielded more than 180 bushels of corn per acre in past years, Kujawa expects to get less than 15 bushels per acre from this year’s drought-damaged crop.

    As drought continues to affect most of the country, our thoughts and prayers are with the thousands of farm families who have been affected by this disaster. Today, USDA’s focus remains on doing all we can to support farm and ranch families in an uncertain time.

  • Westfahl Family

    Back home in Kansas we are spending our time looking up to the sky, praying and hoping for rain. Our state, along with much of the country, is suffering from a very serious drought. Crops are dying, cattle are hungry and being sold off, and water is in scarce supply.

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    In Illinois, we’ve experienced the sixth-driest growing season on record. Of 102 counties, 100 are disaster areas, the state's governor addresses the issue of what's been done and what still needs to happen to help his state.

  • Corn plants dry in a drought-stricken farm field on July 17, 2012 near Fritchton, Indiana. The corn and soybean belt in the middle of the nation is experiencing one of the worst droughts in more than five decades.

    The Senator from Kansas writes, "We need to approve this drought assistance to ensure livestock producers can continue providing us with the most affordable and safe food supply in the world."

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    As a result of a Congressional mandate passed in 2005 and expanded in 2007, over 40 percent of this year’s greatly depleted corn crop will be diverted from food and livestock, and instead be sold at the gas pump. We are trading our precious, fertile acres of farmland for a small dent in our oil usage. We are prioritizing our goal to reduce oil dependence over providing food to people.

  • A rotting ear of corn sits on a struggling corn plant in a drought-stricken farm field.

    The drought has been awful for farmers, but it could reap a bumper crop of good news for the seed business. With much of this year's corn harvest expected to be a disaster, analysts expect farmers to double down on seed purchases next year to get back on their feet.

  • An underdeveloped ear of corn lays amongst corn plants damaged by extreme heat and drought conditions in a field in Carmi, Illinois.

    As the U.S. drought continues and global grain prices soar, G20 leaders are considering an emergency meeting at the end of August to consider what measures to take to combat the growing food crisis.  But the surge in corn, soy and wheat prices could also lead to some benefits for the agricultural sector and an opportunity for investors, according to one fund manager.

  • A rotting ear of corn sits on a struggling corn plant in a drought-stricken farm field.

    G20 countries are to step in to try and co-ordinate a response to surging food prices, after the worst U.S. drought in half a century devastated crops in the world’s largest agricultural exporter, the Financial Times reports.

  • An underdeveloped ear of corn lays amongst corn plants damaged by extreme heat and drought conditions in a field in Carmi, Illinois.

    The worst fears for the U.S. corn crop are being realized, as the government now expects the lowest yield in 17 years and a total crop about a third smaller than what was projected at the start of the growing season.