Russia halts wartime deal allowing Ukraine to ship grain in blow to global food security
The Kremlin says Russia will suspend the Black Sea Grain Initiative until its demands to get its own food and fertilizer to the world are met.
Agribusiness
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Pushback continues against genetically modified salmon raised at Indiana farm
“AquAdvantage” salmon, engineered by biotech company AquaBounty Technologies, most recently drew criticism from environmental advocates at the 2023 Farm Aid event.
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Food prices remain high ahead of July 4 celebrations, Hoosier farmers say
All but two of the items—cheese and pork chops—were more expensive than last year. Cookies, hamburgers buns and lemonade were up the most.
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2023 Innovation Issue: Indiana is primed to reshape the agbioscience industry
The state’s strength in agriculture, plus partners like Purdue University and AgriNovus Indiana, combine to make Indiana a competitive place for generating and attracting ag-related technology and innovation.
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Westfield-based ag-tech firm Taranis names new CEO
Westfield-based agricultural technology company Taranis Inc. on Tuesday announced the promotion of Opher Flohr to chief executive, succeeding Bar Veinstein.
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Articles
Bunge to buy Viterra in $18B deal, creating ag powerhouse
Bunge Ltd.—which is spending $550 million to build a soybean processing plant in Shelby County—could find itself in the crosshairs of antitrust regulators in the United States due to the scale of the deal.
2023 Innovation Issue: Four ways Purdue is driving ag breakthroughs
The Ag-Celerator, one of four funds that make up Purdue Ventures, boasts a $2 million innovation fund for startups in ag-related technologies.
2023 Innovation Issue: Mitch Frazier on a tidal wave of innovation in agriculture is hitting Indiana
Companies across agbioscience are not only delivering life-essential innovations, they are also tackling many of the world’s toughest challenges.
2023 Innovation Issue: Paul Nselel on why agriculture innovation is essential to supporting farmers’ work
Innovation in agriculture has been transformative, with advances in breeding, prevalent use of data analytics and technology serving as important drivers of change.
Indiana-based Oliver Winery planning $12.6M expansion
The winery said new products such as the Melon Mint Moscato, along with its mainstays like Oliver Sweet Red, have fueled the company’s continued growth.
Ag-tech startup Athian secures investors for $5M funding round
Athian expects to begin beta testing for its first product this month. The company was launched last year by Greenfield-based Elanco and Indianapolis-based High Alpha Innovation.
MPS offers first carbon-neutral eggs for U.S. consumer market
North Manchester-based MPS Egg Farms employs roughly 600 people and keeps 12.1 million laying hens, which produce 9 million eggs per day for distribution across the United States.
Indiana horse racing a $2B industry, study finds
Indiana’s horse racing industry has more than doubled in economic value in the past decade, according to a study led by Purdue University.
Business accelerator Gener8tor announces members of latest cohort for agbioscience accelerator
This year’s cohort for Gener8tor’s gBETA agbioscience accelerator includes companies working in everything from cold storage to aquaculture. The program wraps up later this month.
Soybean processor Bunge plans $445 million expansion in Shelby County
A St. Louis-based grain and soybean manufacturer is planning to invest $445 million to expand its processing plant in Morristown.
Indiana-based ag-tech startup lands $3M in seed funding
Carmel-based Hageman Group, Indianapolis-based Allos Ventures and Indianapolis-based Elevate Ventures Inc. all participated in the funding round.
Westfield-based Taranis lands $40M growth investment
Taranis, which was founded in Israel in 2015 and moved its headquarters to Westfield in 2020, offers a software platform farmers can use to monitor and manage their crops.
Backyard mosquito spraying booms, but might be too deadly
Revenue from mosquito spraying has soared, according to Pest Control Technology. But the chemical bombardment is beginning to worry scientists who fear over-use of pesticides is harming pollinators and worsening a growing threat to birds that eat insects.
Sysco accuses four largest beef processors of price fixing
The nation’s largest food distributor has joined the other businesses accusing the four largest meat processors of working together to inflate beef prices.
Indiana farmers battle production cost spikes
Facing steep increases in food production costs, Indiana farmers warn that consumers are likely to see continued price jumps at stores later this year.
Smithfield Foods settles pork price-fixing lawsuit for $42M
The lawsuit remains pending against other major pork producers, including Hormel, Tyson Foods, Seaboard Foods and Triumph Foods, and the Agri Stats database company they allegedly used to share confidential information.
Despite potential, Midwestern farms struggle to market fish
With global seafood consumption expected to increase by 100-170 billion pounds by 2030, the growing seafood trade deficit means more fish will need to be farm-raised, opening the door for Midwestern farmers to meet demand.
Westfield firm gives farmers a drone’s eye view of crops
Taranis is part of a new but rapidly growing industry offering agricultural mapping services and the ability to monitor vast swaths of cropland in minute detail, helping landowners maximize yields.
John Emanuele: How to make the most of agricultural research, patents
Agricultural innovations may be protected for limited periods by one or more sets of intellectual property laws.