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Agriculture

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  • PERTH, May 2- Foreign investors who illegally buy houses in Australia and agents that enable them face hefty fines and prison terms of up to three years under new penalties announced on Saturday aimed at cooling soaring property prices. "We want to ensure that illegal foreign investment is not unnecessarily driving up prices," Prime Minister Tony Abbott told...

  • DES MOINES, Iowa— A state of emergency was declared Friday by Iowa Gov. Terry Branstad with nearly 17 million chickens and turkeys dead, dying or scheduled to be euthanized due to a widening bird flu outbreak. Iowa is the nation's leading egg producer, providing one of every five eggs consumed in the country.

  • Iowa gov. declares state of emergency over bird flu Friday, 1 May 2015 | 4:07 PM ET
    Chickens gather around a feeder at a farm in Osage, Iowa.

    Governor Terry Branstad has declared a state of emergency in Iowa over the avian flu spread that has affected millions of birds.

  • Wheat prices were mixed, hovering near a roughly five-year low notched on Tuesday. "The spreads don't indicate much bullishness," said Craig VanDyke, analyst at brokerage Top Third Ag Marketing in Chicago. A stabilizing greenback made commodities priced in the currency less attractive in international markets, with U.S. corn and wheat already more expensive in...

  • Wheat prices were hovering near a roughly five-year low notched on Tuesday. "The spreads don't indicate much bullishness," said Craig VanDyke, analyst at brokerage Top Third Ag Marketing in Chicago. A stabilizing greenback made commodities priced in the currency less attractive in international markets, with U.S. corn and wheat already more expensive in many...

  • Latest 'fix' for California drought: Water by rail Friday, 1 May 2015 | 11:55 AM ET
    Railroad tanker cars

    Experts say the East Coast's plentiful water could cost cents per gallon to Californians and provide a stable, potable water supply.

  • Colorado cracking down on pot pesticides Friday, 1 May 2015 | 11:31 AM ET

    A state Senate panel voted 7-0 Friday to give the Colorado Department of Agriculture $300,000 to step up pesticide enforcement in the new marijuana industry. The Denver quarantines at 11 separate pot-growing warehouses in recent weeks have underscored an open secret in Colorado's nascent weed business— that although the state outlines which chemicals...

  • Grain mostly lower, livestock mixed Friday, 1 May 2015 | 11:08 AM ET

    CHICAGO— Grain futures were lower Friday in early trading on the Chicago Board of Trade. Wheat for July delivery was unchanged at $4.74 a bushel; July corn was 3.75 cents lower at $3.6250 a bushel; July oats were unchanged at $2.4425 a bushel; while July soybeans lost 6 cents to 9.70 a bushel. June live cattle was. 37 cent higher at $1.5007 a pound; August feeder cattle...

  • The app craze crops up on the American family farm Friday, 1 May 2015 | 10:00 AM ET
    Matthew Schweigert, fourth-generation farmer, is using the beta version of the new product.

    When one thinks of big data, farmers don't come to mind. But one start-up is betting the farm that the industry is ripe for tech innovation.

  • An app craze may save the American farm   Friday, 1 May 2015 | 9:00 AM ET
    An app craze may save the American farm

    Farmers are more tech savvy than you may think, and startups like 640 Labs, an offshoot of ag giant Monsanto's Climate Corporation, are aiming to increase farm efficiency and save the American farmer on costs through an "Internet of Farm Things" approach to crop management.

  • Bird flu found at 5 new sites in Iowa   Friday, 1 May 2015 | 7:31 AM ET
    Bird flu found at 5 new sites in Iowa

    CNBC's Morgan Brennan has an update on the outbreak of more bird flu, impacting an estimated 5.5 million additional birds.

  • CHICAGO, April 30- The highly pathogenic H5 avian flu turned up in initial tests at five more farms in Iowa, including a commercial egg operation housing up to 5.5 million birds, Iowa's agriculture department said on Thursday. The egg farm's owner, Rembrandt Foods, one of the top U.S. egg producers, confirmed the outbreak but disputed the number of birds affected.

  • DES MOINES, Iowa— Five more Iowa farms likely have been affected by the deadly H5N2 bird flu virus, including an egg-laying operation with 5.5 million chickens, Iowa agriculture officials said Thursday. Three of the farms involved in Thursday's announcement are in Buena Vista County, which now has a total of seven farms affected, according to Iowa Secretary of...

  • CHICAGO, April 30- The highly pathogenic H5 avian flu turned up in initial tests at five more farms in Iowa, including a commercial egg operation housing up to 5.5 million birds, Iowa's agriculture department said on Thursday. Avian flu was "probable" at four other commercial farms in Buena Vista, Sioux and Clay counties, the Iowa Department of Agriculture and Land...

  • Iowa reports additional 5M+ likely bird flu cases Thursday, 30 Apr 2015 | 6:23 PM ET
    Chickens gather around a feeder at a farm in Osage, Iowa.

    Bird flu has been identified at five new sites in Iowa, including a commercial egg-laying operation that houses 5.5 million birds.

  • Bird flu infection 'probable' in Iowa chicken farm Thursday, 30 Apr 2015 | 11:58 AM ET
    File photo of chickens in various stages of breeding at a broiler farm.

    An Iowa-based chicken broiler breeding farm has initially tested positive for the h5 bird flu, according to the government.

  • April 30- North America's two biggest potash producers, Potash Corp of Saskatchewan and Mosaic Co, reported larger first-quarter profits on Thursday, but results missed expectations. Canada's Potash Corp, the world's biggest fertilizer maker by market capitalization, cut its full-year profit forecast, and both companies warned potash prices could slide.

  • Grain mostly lower, livestock mixed Thursday, 30 Apr 2015 | 10:48 AM ET

    CHICAGO— Grain futures were lower Thursday in early trading on the Chicago Board of Trade. Wheat for July delivery was unchanged at $4.8350 a bushel; July corn was 1.50 cents lower at $3.6625 a bushel; July oats were unchanged at $2.4075 a bushel; while July soybeans lost 4 cents to 9.84 a bushel. June live cattle was. 75 cent lower at $1.5015 a pound; August feeder...

  • Potash prices are yet to recover after a collapse in 2013, which was triggered by top producer Russia's Uralkali exiting a trading venture with Belarus. Potash cut its full-year profit forecast to $1.75- $2.05 per share from $1.90- $2.20 per share, sending its shares down 3.3 percent in premarket trading. Potash, the second-biggest potash producer by output...

  • April 30- Bunge Ltd, one of the world's largest agricultural trading houses, reported a better-than-expected quarterly profit, helped by strong margins from soybean crushing and oilseed exports. The company also said oilseed processing margins improved in Brazil and Argentina in the first quarter and should remain good through September.