Articles by Andrew G. Simpson

Insurers Deploy Drone Fleets to Speed Harvey Disaster Recovery

Fleets of commercial drones are primed to hover over the destruction from Tropical Storm Harvey in an unprecedented test of unmanned aircraft’s ability to assess billions of dollars in damage for the insurance industry and accelerate payouts for harried policyholders. …

Tennessee Restricts Monsanto Pesticide Use as Crop Damage Spreads

Tennessee on Thursday imposed restrictions on the use of dicamba, a flagship pesticide for Monsanto Co., becoming the fourth state to take action as problems spread over damage the weed killer causes to crops not genetically modified to withstand it. …

Archer Daniels Midland to Sell Crop Risk Services to Validus

U.S. agricultural commodities trader Archer Daniels Midland Co has agreed to sell its Crop Risk Services (CRS) insurance business for $127.5 million to Validus Holdings Ltd, the companies announced on Monday. The deal, which is expected to close in the …

ADM Sued Over Contaminated Equine Feed

Two horse owners have sued Archer Daniels Midland Co., accusing the U.S. grain processor and trader of distributing contaminated feed that sickened or killed several of their horses, according to court documents seen by Reuters. The lawsuit, filed in U.S. …

Rains Wash Away U.S. Drought, Shifting Farm Economy’s Prospects

Torrential downpours across a broad swath of the U.S. Midwest this week are easing the worst drought in more than 50 years, flooding streams, snarling river transportation, stalling corn plantings – and changing the outlook for the American farm economy …

Mississippi River Closure After Accident Delays 300 Barges

More than 300 barges were awaiting passage through a closed section of the Mississippi River near Vicksburg, Mississippi, on Monday, a day after two tanker barges struck a railroad bridge and one leaked an unknown amount of oil into the …