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INDUSTRY NEWS

We’ve scoured the news sources for you to provide coverage of forage news and current events.

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At the 2016 National Hay Association annual convention, Bill Plourd, President of El Toro Export in El Centro, California and a member of the U.S. Forage Export Council (USFEC), posed the question, “Is it time for alfalfa futures contracts in the marketplace?” 

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It’s a deal. Bayer and Monsanto have signed a merger agreement. Bayer announced the agreement for $128 per share in an all-cash transaction.

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Hanjin Shipping, the largest shipping company in Korea (seventh largest shipping company in the world), filed for court receivership on Aug. 31, 2016.

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Deere & Company and The Climate Corp. said they plan to contest legal action announced yesterday by the U.S. Department of Justice (DOJ) that seeks to block Deere’s acquisition of Precision Planting.

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Robots and drones have already started to quietly transform many aspects of agriculture. Indeed, the IDTechEx Research report “Agricultural Robots and Drones 2016-2026: Technologies, Markets, and Players” finds that this is already a $3 billion market in 2016, growing to $10 billion by as early as 2022.

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Production agriculture uses tremendous amounts of fossil energy in the production of food, feed and fuel. The crops, livestock and renewable energy programs at University of Minnesota’s West Central Research and Outreach Center (WCROC) are engaged in an initiative to “green” energy consumed in crop and livestock operations.

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