Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Some Parts of Midwest Expecting Rain This Week
Jul 23 2012 // Rain will fall early this week in the northern U.S. Midwest, with from 1 to 2 inches expected across a broad parched swath of corn and soybean land roughly north of Interstate 80, an agricultural meteorologist predicted...
PFGBest Broker Scandal Leads to Calls for Insurance for Grain Trade
Jul 23 2012 // The largest U.S. grain trade group was stunned by the latest scandal to hit the futures industry when Iowa-based brokerage PFGBest collapsed after regulators accused the firm of misappropriating customer funds. “Even...
Two Montana Counties Declare Drought Disasters
Jul 23 2012 // Yellowstone and Stillwater county commissions in Montana have declared drought disasters in their counties. Officials say low rainfall and warm temperatures have created conditions that one farmer says are not usually seen...
Severe Drought Includes Much of Nebraska, Iowa, Indiana
Jul 20 2012 // The latest U.S. Drought Monitor map shows that severe drought affecting much of the Midwest and Great Plains now covers more than half of Iowa and three-quarters of Nebraska. More than half of Indiana is now listed in...
Heat Waves Need ‘Re-purposed’ Climate Research: Reuters Gerard Wynn
Jul 20 2012 // A major heat wave and drought has sent world grain prices sky rocketing for a second of three summers suggesting it is time to address supply through re-purposed climate research. Tackling high food prices among the...
Record Number of Farmers Expected to File Crop Insurance Claims
Jul 20 2012 // The drought ravaging America’s prime farmland is having an unexpected consequence that could shape the future of agricultural finance: in some cases, farmers who have amped up their insurance coverage may be giving...
No Relief in Sight for Drought-Damaged Crops
Jul 19 2012 // Midday weather updates on Wednesday indicate more hot, dry weather for the U.S. Midwest, where corn and soybean crops are rapidly deteriorating amid the harshest drought in more than half a century. “It’s a...
Arkansas Rice Farmers Sue Texas Company Over Hybrid Rice
Jul 18 2012 // A group of Arkansas rice farmers has sued a company that produces hybrid seed, claiming that RiceTec Inc. supplied them with seed that produced an inferior crop and sometimes didn’t grow well enough to be...
China Reinsurance Company Licenses AIR’s Suite of Cat Models
Jul 18 2012 // Catastrophe risk modeling firm AIR Worldwide announced that China Property & Casualty Reinsurance Company Ltd. (CPCR) has licensed its typhoon, earthquake, and multiple-peril crop insurance models for China to better...
El Nino Indicators Ease; Still Expected in Late 2012
Jul 17 2012 // Climate indicators for an El Niño event in the western Pacific have eased slightly in the past two weeks, but meteorologists still expect the weather pattern, which can bring drought to the Asia-Pacific and damage crops,...
Worst Midwest Drought Since 1956 Expanding North, West
Jul 17 2012 // An expanding U.S. drought, now deemed the worst since 1956, dealt another blow to the corn crop, with conditions deteriorating for a second straight week in the world’s top exporter of the grain, U.S. government data...
Farm Bureau Dropping 3,000 South Carolina Homeowner Policies
Jul 16 2012 // Farm Bureau Insurance said it is dropping about 3,000 South Carolina home insurance customers after paying out millions in storm-related claims last year. The Post and Courier of Charleston reported that property owners in...
Disaster Declaration Granted for Arkansas Agricultural Producers
Jul 13 2012 // The U.S. Agriculture Department has granted a disaster declaration for 69 of Arkansas’ 75 counties due to the drought. The designation makes emergency loans available to farmers and ranchers. The approval was...
PFGBest Broker Scandal Leads to Calls for Insurance for Grain Trade
Jul 12 2012 // The largest U.S. grain trade group was stunned by the latest scandal to hit the futures industry when Iowa-based brokerage PFGBest collapsed after regulators accused the firm of misappropriating customer funds. “Even...
House Panel Balks at Senate Crop Insurance Reforms
Jul 12 2012 // The U.S. House Agriculture Committee challenged two crop insurance reforms approved by the Senate, creating another farm-bill dispute with time running out to enact the new law. Besides disagreeing on crop insurance, the...
Midwest Heat Wave Eases But Drought Threatens Corn Crop
Jul 9 2012 // The withering U.S. corn crop is gaining some respite from a record heat wave this week but new weather forecasts offered scant signs of the rainfall it urgently needs to avoid the worst drought damage in nearly a quarter...
Corn Belt Fears Large Crop Loss from Heat Wave, Drought Conditions
Jul 9 2012 // Fears are rising that grain crops in the core of the U.S. Corn Belt – the top corn-producing region in the world – will suffer big losses that are already causing farmers to plow up fields in other regions of...
Two Montana Counties Declare Drought Disasters
Jul 6 2012 // Yellowstone and Stillwater county commissions in Montana have declared drought disasters in their counties. Officials say low rainfall and warm temperatures have created conditions that one farmer says are not usually seen...
Storms Knock Out Power in East; Heat Threatens Corn Crop in Midwest
Jul 6 2012 // Six days after violent storms hit the eastern United States, the state of West Virginia was struggling to recover on Thursday, with nearly a third of electricity customers still without power and new storms putting more...
Feds OK Help for Mich. Fruit Growers Hammered by Weather
Jul 5 2012 // The federal government has declared Michigan a disaster area because of damage to fruit crops from erratic spring weather, making growers eligible to seek low-interest loans. Sen. Debbie Stabenow, a Michigan Democrat, said...
