A new S&P Global report commissioned by U.S. Farmers and Ranchers in Action finds limited growth in biofuel demand could put U.S. farmland under pressure. It warns that without higher ethanol blends and expanded fuel markets, millions of acres could shift out of production by 2050.
USDA is providing $500 million to independent beef processors to boost competition and offset rising cattle procurement costs amid historically tight supplies.
Monsanto, which is now owned by Bayer Crop Science and its subsidiary, Ruevon LLC, filed a petition with the International Trade Commission, alleging that glyphosate from China is being sold in the U.S. below fair-market value. The petition comes just a week after farm groups had praised a U.S. Supreme Court decision supporting the continued use of glyphosate as a crop-protection tool.
A Nebraska bankruptcy judge denied two Texas farmers' attempts to reclaim $230,000 in grain from Hansen-Mueller, ruling the company made no written misrepresentations of financial solvency.
The Supreme Court ruled 7-2 that federal law preempts state failure-to-warn claims against Roundup, handing Bayer a major victory and shielding the company from state cancer-warning lawsuits.
