Last week, several news outlets reported on a World Health Organization study that linked processed meats such as bacon and hotdogs to cancer. Industry groups were quick to denounce the findings, including the National Cattlemen’s Beef Association, which argued science does not support the findings.
Monsanto announced Wednesday that it will cut 2,600 jobs as part of a cost-savings strategy prompted by a decline in its global seed and herbicide sales. The job cuts will come throughout the next two years.
Cargill’s Black River Asset Management LLC is discussing the possibility of expanding the Minnesota-based agribusiness company’s sugar portfolio by buying two Brazilian sugar and ethanol mills.
The nonprofit food-watch group U.S. Right to Know has kick started a nationwide discussion on GMOs, public universities and corporate funding. The New York Times also recently reported on the relationship between corporate agriculture and academia.
Syngenta announced on Thursday that it would sell part of its business and buy back shares in order to comfort shareholders who may have felt disappointed after Monsanto’s months’ long takeover bid fell apart.
Syngenta announced on Tuesday that the U.S. Environmental Protection Agency approved what the Swiss chemical company calls a “blockbuster” fungus killer known as Solatenol. The announcement comes about a week after a mega deal that would have combined Syngenta with St. Louis-based Monsanto fell apart.
Last week, Monsanto dropped a nearly $47 billion bid for its Swiss competitor Syngenta after months of pursuit and a recently upped offer. The merger would have combined Monsanto’s portfolio of seeds and genetically engineered traits with Syngenta’s portfolio in agricultural chemicals.
The federal renewable fuel policy has had a big impact on carbon emissions, according to an industry report. In its report released on Aug. 24, the Biotechnology Industry Organization estimated that the policy has reduced more than 580 million metric tons of carbon emissions over 10 years.
Cargill is on its way to dominate another part of the food supply chain. Last week, Cargill announced it had entered into a $1.5 billion agreement to buy EWOS, an international salmon feed supplier based in Norway.
Agribusiness giant Cargill last week released its annual corporate responsibility report, a set of goals focused on sustainability that influence how the company will operate worldwide.