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Agriculture

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  • ALBANY, N.Y.— Agriculture contributed an estimated $37.6 billion to New York's economy by 2012, an increase of more than 22 percent over the previous five years, but the number of farms declined slightly, according to the state comptroller. "It makes economic sense for the state to retain and promote our farms to feed our residents and preserve our land,"...

  • HANOI, March 3- Vietnam has reduced the floor price for exports of 25- percent broken rice by nearly 3 percent to $350 a tonne, with domestic prices easing as harvesting peaks amid thin demand, an industry body said. The floor was $360 a tonne as of Jan. 12, but the market price has fallen far below that on growing supplies and low demand, touching a 4-1/ 2- year low of $320-...

  • SAO PAULO, March 2- Potash Corporation of Saskatchewan Inc, the world's largest fertilizer company by market value, agreed on Monday to pay about $56 million for a 9.5 percent stake in Brazilian rival Fertilizantes Heringer SA, the latest effort by Potash to grow in Latin America's largest economy. Under terms of the agreement, PotashCorp will acquire the stake...

  • BUENOS AIRES, March 2- Argentina will keep an eye on how much soy is being hoarded on farms throughout the country by requiring that the sales of "silo-bags" be reported to tax authorities, according to a government resolution announced on Monday. "What it aims to do is collect information about the universe of buyers of silo-bags, to have buyers clearly identified,"...

  • Grain lowe, livestock higher Monday, 2 Mar 2015 | 10:53 AM ET

    CHICAGO— Grain futures were mostly higher Monday in early trading on the Chicago Board of Trade. Wheat for May delivery unchanged at $5.13 a bushel; May corn was 2.50 cents lower at $3.9075 a bushel; May oats were unchanged at $2.7825 a bushel; while May soybeans gained. 75 cents to $10.3250 a bushel. April live cattle was 1.85 cents higher at $1.5355 a pound; March...

  • BRUSSELS— The European Union is giving member states the power to ban the cultivation of genetically-modified crops even if they have been approved by the bloc's food safety authority. Mute Schimpf of Friends of the Earth Europe says the new law "is a massive opportunity for national governments to shut the door on biotech crops in Europe."

  • Potash Corp to buy stake in Brazil's Heringer Monday, 2 Mar 2015 | 8:26 AM ET

    March 2- Potash Corp of Saskatchewan Inc, the world's biggest fertilizer company by market capitalization, said it would buy a 9.5 percent stake in Brazil's Fertilizantes Heringer SA from its controlling shareholders for $55.7 million. The deal, expected to close in the second half of this year, will pave the way for a long-term potash supply agreement, allowing...

  • NEW YORK/ MANAGUA, March 1- Venezuela, once a proud exporter of premium coffee, has been reduced to swapping crude oil for growing volumes of Nicaraguan coffee beans to make sure worsening economic turmoil does not prevent people from getting their caffeine fix. Falling coffee production and near-record demand has forced it to buy more higher-priced foreign...

  • The U.S. Fish and Wildlife Service is taking comments and data about monarchs through March 2, and a decision on whether to list the monarch as threatened is due in December. Environmentalists say the butterfly's decline— the overwinter population in Mexico reached a low in 2013— has coincided with the rise of St. Louis- based agribusiness giant Monsanto's...

  • The U.S. Department of Agriculture's Risk Management Agency, which oversees the multibillion-dollar crop insurance program, by law uses the average price in February for harvest-time grain futures contracts to set the "floor" price that private insurers must guarantee farmers who sign up. Based on Friday's futures closes, the RMA is expected to set the floor...

  • Still no federal water for California farmers Friday, 27 Feb 2015 | 3:58 PM ET
    Dried and cracked earth on an unplanted field at a farm near Mendota, Calif.

    A U.S. agency said it will not release any water for Central Valley farms this year, forcing farmers to continue to scramble.

  • Grain lower, livestock mostly higher Friday, 27 Feb 2015 | 10:55 AM ET

    CHICAGO— Grain futures were lower Friday in early trading on the Chicago Board of Trade. Wheat for May delivery unchanged at $5.0050 a bushel; May corn was 1.75 cents lower at $3.8675 a bushel; May oats were unchanged at $2.7450 a bushel; while May soybeans lost. 75 cent to $10.2575 a bushel. April live cattle was 1.40 cents higher at $1.5120 a pound; March feeder cattle...

  • WINNIPEG, Manitoba, Feb 26- Canadian farmers are plowing profits from bumper crops into fertilizer storage facilities to mitigate the pricing power held by major retailers and producers. Over time, the practice might erode the steep premiums farmers pay in the spring to retail businesses owned by Agrium Inc, Richardson International and Cargill Ltd, while...

  • Grain higher, livestock mixed Thursday, 26 Feb 2015 | 10:50 AM ET

    CHICAGO— Grain futures were higher Thursday in early trading on the Chicago Board of Trade. Wheat for May delivery unchanged at $4.9725 a bushel; May corn was 2.25 cents higher at $3.86 a bushel; May oats were unchanged at $2.6725 a bushel; while May soybeans gained 6.25 cents to $10.17 a bushel. April live cattle was 1.50 cents higher at $1.4835 a pound; March feeder...

  • WASHINGTON— In the ever-complicated debate over labeling of genetically modified foods, Agriculture Secretary Tom Vilsack offers this idea: Use your smartphone. Vilsack told members of Congress on Wednesday that consumers could just use their phones to scan special bar codes or other symbols on food packages in the grocery store. He has mentioned the idea...

  • LONDON, Feb 26- EU rules that prevent genetically modified crops from being grown in the UK, even after they pass rigorous safety tests, are not fit for purpose and should be totally reformed, British lawmakers said on Thursday. "A regulatory system which can take decades to reach a decision cannot possibly be considered fit for purpose," Andrew Miller, the...

  • SAO PAULO, Feb 25- Truckers staged nearly 100 road blocks across Brazil's farm belt on Wednesday as protests stretched into their eighth day, though access to the country's biggest port was cleared after police clashed with protesters who had briefly halted traffic there. The steadily widening blockades have sparked growing fuel and supply shortages and...

  • Off the hook: US Supreme Court dismisses fish suit Wednesday, 25 Feb 2015 | 10:59 AM ET
    The U.S. Supreme Court

    Justices said the law intended to prevent fraud committed by companies like Enron, WorldCom does not apply to Florida fisherman.

  • Grain lower, livestock higher Wednesday, 25 Feb 2015 | 10:53 AM ET

    CHICAGO— Grain futures were mixed Tuesday in early trading on the Chicago Board of Trade. Wheat for May delivery unchanged at $5.0375 a bushel; May corn was 1.50 cents lower at $3.84 a bushel; May oats were unchanged at $2.7275 a bushel; while May soybeans lost 1 cent to $10.1775 a bushel. April live cattle was 1.08 cent higher at $1.4665 a pound; March feeder cattle was...

  • WASHINGTON— A Florida fisherman convicted of tossing undersized grouper off his boat is off the hook after a divided Supreme Court ruled Wednesday that he should not have been ensnared by a law targeting accounting fraud. In a 5-4 decision the justices threw out the conviction of commercial fishing boat captain John Yates, who was prosecuted under a law passed...