The Van Trump Report

Month: February 2024

“Ÿnsect” Gets Approval to Commercialize its Mealworm Proteins in Dog Food

French startup Ÿnsect has been granted authorization to use defatted mealworm proteins in dog food. The green light from the Association of American Feed Control Officials (AAFCO) marks the first authorization for the commercialization of defatted mealworm proteins in the US. Ÿnsect says the approval follows two years of evaluation by AAFCO, which is responsible …

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Institutional Buyers Continue to Gobble Up US Farmland

Farmland is one of the best asset classes around, outperforming most other major assets over the past three decades. That trend is only expected to accelerate as farmland steadily becomes more scarce even as global food demand continues to rise. This has not gone unnoticed by investors, which have been adding farmland to their portfolios …

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US Produces +25% More Pork Than We Did 20 Years Ago… But Consume -9% Less

U.S. farmers produce +25% more pork than they did two decades ago. But… U.S. demand for pork is -9% less than what it was 20 years ago, according to estimates from Kansas State University. The resulting glut has shrunk U.S. pork producers’ profit margins to their lowest levels since 1998, according to the American Bankers Association. If …

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Census of Agriculture Shows Continuing Decline in Farms and Acreage

Results from USDA’s highly anticipated “2022 Census of Agriculture” show the trends of fewer farms and farmland, aging farmers, and climbing expenses remain intact.  In 2022, a little over 3.37 million producers operated 1.90 million farms covering 880.1 million acres. That compares to just under 3.40 million producers on 2.04 million farms and more than …

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China is Suddenly Speeding Ahead on GM Crop Adoption

After two decades of cautiously tiptoeing around the commercial adoption of genetically modified crops, China recently seems to have done a complete 180. The country has been revving up its approvals of new GM crop varieties and pushing farmers to adopt the seed technology, marking one of the Chinese government’s most significant steps in recent …

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Uncertainty Clouds Pork Market After California’s Proposition 12 Takes Effect

The start of the new year officially marked the start of big changes for the pork industry with California’s controversial “Proposition 12” going into effect. That means pork producers that want to sell their products in the state must comply with its larger animal housing requirements. So far, industry stakeholders have mixed opinions on the …

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