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Jan 12, 2013

Court says Kansas must increase school funding, slams tax cuts

OVERLAND PARK, Kansas (Reuters) – Kansas is unconstitutionally short-changing its students by underfunding education needs and must increase spending by about $400 million, a three-judge panel ruled unanimously on Friday.

The court said it was “illogical” for the state to argue that it could not adequately fund schools at the same time it slashed income taxes.

Jan 10, 2013

Drought eases slightly, Plains states still suffering

By Carey Gillam

(Reuters) – The Plains remain tightly gripped by severe drought, according to a report issued Thursday, and fears mounted that another hot and dry year could lie ahead for the key crop-growing and cattle-grazing region.

Good rains have fallen in Texas, Oklahoma and Arkansas over the last few days, which should provide some improvement to dry soils and shrunken rivers and streams. But generally the worst-hit areas remain in sad shape, said Brian Fuchs, climatologist with the National Drought Mitigation Center at the University of Nebraska-Lincoln.

Jan 8, 2013

Monsanto beats expectations with bigger first-quarter profit

By Carey Gillam

(Reuters) – Monsanto Co (MON.N: Quote, Profile, Research, Stock Buzz), the world’s largest seed company, raised its earnings outlook for fiscal 2013 on Tuesday and delivered surprisingly strong first-quarter results, citing growth in Latin America and early U.S. spring seed sales.

Its shares surged nearly 4 percent in premarket trading after the developer of genetically engineered corn, soybeans, and other crops gave analysts what they had been looking for – a much improved fiscal-year profit outlook.

Jan 8, 2013

Monsanto beats expectations with bigger 1st-qtr profit

Jan 8 (Reuters) – Monsanto Co, the world’s largest
seed company, raised its earnings outlook for fiscal 2013 on
Tuesday and delivered surprisingly strong first-quarter results,
citing growth in Latin America and early U.S. spring seed sales.

Its shares surged nearly 4 percent in premarket trading
after the developer of genetically engineered corn, soybeans,
and other crops gave analysts what they had been looking for – a
much improved fiscal-year profit outlook.

Jan 4, 2013

New U.S. food safety rules by FDA seek more accountability

By Carey Gillam

(Reuters) – U.S. regulators proposed new food safety rules on Friday that aim to make food processors and farms more accountable for reducing food borne illnesses that kill or sicken thousands of Americans annually.

The rules, required by the Food Safety Modernization Act (FSMA) that was signed into law two years ago, were announced by the U.S. Food and Drug Administration on Friday.

Jan 4, 2013

New food safety rules aim for more accountability

By Carey Gillam

(Reuters) – U.S. regulators proposed new food safety rules on Friday that aim to make food processors and farms more accountable for reducing foodborne illnesses that kill or sicken thousands of Americans annually.

The new rules, required by the Food Safety Modernization Act (FSMA) that was signed into law two years ago, were announced by the U.S. Food and Drug Administration on Friday.

Dec 21, 2012

FDA closer to approving biotech salmon, critics furious

By Carey Gillam

(Reuters) – A controversial genetically engineered salmon has moved a step closer to the consumer’s dining table after the U.S. Food and Drug Administration said Friday the fish didn’t appear likely to pose a threat to the environment or to humans who eat it.

AquAdvantage salmon eggs would produce fish with the potential to grow to market size in half the time of conventional salmon. If it gets a final go-ahead, it would be the first food from a transgenic animal – one whose genome has been altered – to be approved by the FDA.

Dec 21, 2012

FDA moves closer to approval of GMO fish, critics outraged

Dec 21 (Reuters) – A controversial genetically engineered
salmon has moved a step closer to the consumer’s dining table
after the U.S. Food and Drug Administration said Friday the fish
didn’t appear likely to pose a threat to the environment or to
humans who eat it.

AquAdvantage salmon eggs would produce fish with the
potential to grow to market size in half the time of
conventional salmon. It would be the first food from a
transgenic animal – one whose genome has been altered – that has
been approved by the FDA.

Dec 20, 2012

US food, animal groups seek lower ractopamine limits

Dec 20 (Reuters) – Food safety and animal welfare groups
petitioned the U.S. Food and Drug Administration on Thursday
seeking limits on an animal feed additive that is the subject of
concerns about human and animal health.

Russia said earlier this month that it was requiring meat it
imports to be tested and certified free of the feed additive
ractopamine, a move jeopardizing the more than $500 million a
year in exports of U.S. beef and pork to that country.

Dec 20, 2012

U.S. food, animal health groups petition FDA on ractopamine

By Carey Gillam

(Reuters) – Food safety and animal welfare groups on Thursday filed a legal petition against the U.S. Food and Drug Administration seeking limits on an animal feed additive that is the subject of concerns about human and animal health.

Russia said earlier this month that it was requiring meat it imports to be tested and certified free of the feed additive ractopamine, a move jeopardizing the more than $500 million a year in exports of U.S. beef and pork to that country.

    • 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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