As “citrus greening” disease continues to devastate the global orange industry, prices are becoming untenable for juice producers. Concentrated orange juice futures prices on the Intercontinental Exchange climbed to an all-time high closing price of over $4.90 per pound at the end of May, after more than doubling over the past year. While prices have …
100% Orange Juice May Soon Be a Thing of the Past Read More »
China-Pacific WarThis installment of Broke Bob’s Ag Equity Report takes the contrarian view to China/U.S. relations and considers what happens if business minds in the two countries prevail over war hawks to find working trade relations. In our next installment, we consider how a China-Pacific war would affect world trade and the agribusinesses that support …
Investment in agtech continues to dry up in 2024, according to preliminary data from AgFunder. Agrifoodtech startups raised $7 billion across 427 deals in the first half of 2024, compared to the same timeframe in 2023, which saw $8 billion across 934 deals. However, funding varies widely across different segments, with some still drawing large …
The USDA reports that there are nearly 400 grasshopper species that inhabit the Western United States, but only about 12 are considered pests. But those that are deemed pests, along with their close cousins the Mormon cricket, do significant damage to rangeland and crops in the Central and Western United States every year. “The biggest …
How Devastating are “Grasshoppers” to US Crop Production? Read More »
Most Americans are very familiar with the Pillsbury Company which has given us a host of iconic products, including the company’s Classic Yellow Cake Mix, every flavor of pre-made frosting, and those addictive Crescent Rolls. Pillsbury’s marketing efforts for its various brands also generated iconic characters like the Doughboy and Jolly Green Giant. The company …
How Charles Pillsbury Transformed the Wheat Industry Read More »
Christian K. Nelson emigrated to the U.S. with his parents and six siblings while he was still an infant in the late 1800s. The dairy farming family settled in Illinois, Wisconsin, and finally on a farm in Onawa, Iowa in 1903. There, Nelson would open a small confectionery shop (mostly candy) near the high school …
From Dairy Farming to Selling Ice Cream Treats… to the Fortunes Made! Read More »
Global meatpacking giant Tyson Foods in July of 2023 announced it was resuming the use of some antibiotics in its chicken supply chain, abandoning its “no antibiotics ever” policy. That was followed by restaurant groups Chic-Fil-A and Panera Bread making similar moves. Now, Tyson has said it is scaling back its antibiotic-free beef offerings. Instead, …
Why Producers and Restaurants are Abandoning “Antibiotic-Free” Poultry and Meat Pledges Read More »
National Ice Cream Month was established by the American Dairy Association in conjunction with President Ronald Reagan and Walter Dee Huddleston, a Senator from Kentucky. Even though the bill only specified that July 1984 was National Ice Cream Month, the tradition carries on. National Ice Cream Day (which is on July 21) originated that same …
Interesting US Dairy Stats… and July is National Ice Cream Month Read More »
The rare “Przewalski’s horse”, considered the last truly wild horse species, has been making headlines lately, and refreshingly it’s mostly all good news. Also called the “takhi” or Mongolian wild horse, their numbers had dwindled so low by the 1960s that they were declared “extinct in the wild.” However, they are making a comeback thanks …
One of the Rarest Horse Breeds in the World is Suddenly All Over the News Read More »
Each year, I give myself and the others in the office two weeks off to spend time with friends and family. One week is between Christmas and New Year, the other is the week of July 4th. With that in mind, the last report we will issue this week will be today, Friday morning, June …
