Carey's Feed
Aug 15, 2013

Some U.S. farmland values surge more than 25 pct -Fed

, Aug 15 (Reuters) – Farmland prices in key
U.S. crop regions surged more than 25 percent over the past 12
months as demand for land remains strong despite a decline in
farm income, two Federal Reserve bank reports said on Thursday.

Prices paid for irrigated cropland in a central U.S. region
that includes Kansas, Nebraska, Missouri, and Oklahoma jumped
25.2 percent from a year ago, according to a report by the
Federal Reserve Bank of Kansas City.

Jul 31, 2013

DuPont gains hard-fought majority stake in South Africa seed company

July 31 (Reuters) – U.S. chemical and seed company DuPont
said on Wednesday it completed its three-year effort to
buy a majority stake in South Africa’s largest seed company,
overcoming that country’s stiff opposition to the foreign
ownership with pledges to keep a rein on pricing and to aid
small South African farmers.

The deal with privately held Pannar Seed Ltd, a 55-year-old
seed company, should provide immediate financial gain to DuPont,
with new products expected to be on the market in August and
September, according to Paul Schickler, president of DuPont
Pioneer, DuPont’s agricultural seed unit.

Jul 30, 2013

U.S. differences on abortion widen along regional lines: survey

By Carey Gillam

(Reuters) – U.S. attitudes on abortion are split along regional lines, and opposition to legal abortion has grown in some parts of the South while Americans in the Northeast and on the West Coast still strongly favor abortion rights, according to a new study.

While a little more than half of all Americans continue to favor abortion rights and two in five oppose them, the divide is reflected in legal and legislative battles over the issue this month in the two regions with the most opposition to legal abortion: the South Central and Midwestern states.

Jul 29, 2013

U.S. says probe of GMO wheat finds no new contamination

July 29 (Reuters) – U.S. government investigators said on
Monday they still have few answers as to how an unapproved
genetically altered wheat developed by Monsanto was found this
spring growing in an Oregon farm field, but said no further
contamination has been detected and no biotech wheat appears to
be in commercial supplies.

The U.S. Department of Agriculture’s Animal and Plant Health
Inspection Service (APHIS) said its nearly three-month-old
investigation has found no sign of the Monsanto Co
variety, known as MON71800, in any seed or grain samples tested
by government laboratories. The government also said it has
interviewed nearly 270 farmers who reported no
glyphosate-resistant wheat plants have been found in their
fields.

Jul 29, 2013

GMO companies launch website to fight anti-biotech movement

By Carey Gillam

(Reuters) – A group of biotech seed companies on Monday launched an online forum to combat mounting opposition to genetically modified foods among consumer groups and activists.

The website, www.GMOAnswers.com, is designed as a “central online resource” for information on genetically modified organisms and their use in agriculture and food production, the Biotechnology Industry Organization said.

Jul 26, 2013

FDA issues new rules targeting improved food safety for imports

July 26 (Reuters) – Long-awaited rules aimed at improving
the safety of foods imported to the United States were proposed
by the U.S. Food and Drug Administration on Friday.

The first-ever draft rules for safety oversight of imported
food are part of a larger mandated food safety regulatory
overhaul underway at the FDA, and part of a series of rules FDA
is proposing that cover everything from vegetables and other
produce to dog food.

Jun 28, 2013

Monsanto unapproved GMO wheat stored in Colorado through ’11

June 28 (Reuters) – Monsanto Co’s unapproved,
experimental genetically engineered wheat, which is feared to
have potentially contaminated U.S. wheat supplies after it was
found growing in an Oregon field this spring, was kept in a U.S.
government storage facility until at least late 2011, according
to documents obtained by Reuters.

The revelation that the seed for the controversial
genetically engineered wheat was kept viable in a Colorado
storage facility as recently as a year and a half ago comes as
the U.S. government is investigating how the strain of
experimental wheat wound up growing in an Oregon field this
spring.

Jun 28, 2013

Monsanto unapproved GMO wheat was stored in Colorado through 2011

June 28 (Reuters) – Monsanto Co’s unapproved,
experimental genetically engineered wheat, which is feared to
have potentially contaminated U.S. wheat supplies after it was
found growing in an Oregon field this spring, was kept in a U.S.
government storage facility until at least late 2011, according
to documents obtained by Reuters.

The revelation that the seed for the controversial
genetically engineered wheat was kept viable in a Colorado
storage facility as recently as a year and a half ago comes as
the U.S. government is investigating how the strain of
experimental wheat wound up growing in an Oregon field this
spring.

Jun 26, 2013

Monsanto quarterly profit beats expectations, sales up

By Carey Gillam

(Reuters) – Monsanto Co (MON.N: Quote, Profile, Research, Stock Buzz), the world’s largest seed company, reported a higher-than-expected quarterly profit on Wednesday as sales remained on an upswing and pricing improved for the company’s herbicide business.

The leading developer of genetically engineered corn, soybeans and other crops said it still expected more than 20 percent growth in fiscal-year ongoing earnings, which exclude certain after-tax items.

Jun 25, 2013

Sprint shareholders give thumbs up to SoftBank deal

OVERLAND PARK, Kansas (Reuters) – Shareholders of Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz) voted on Tuesday in favor of a sweetened takeover offer from SoftBank Corp (9984.T: Quote, Profile, Research, Stock Buzz), ending a contentious takeover battle for the No. 3 U.S. wireless service provider.

Japan’s SoftBank, which fought Dish Network Corp (DISH.O: Quote, Profile, Research, Stock Buzz) to buy Sprint, now just needs approval from the Federal Communications Commission, the U.S. telecommunications regulator, to close the deal.

    • About Carey

      "Generalist/Commodities, with responsibilities for coverage of agricultural markets, issues and companies, including Monsanto and DuPont; as well as general and political news; and equities coverage of trucking and rail companies. Provide backstop for Treasury as needed."
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