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Argentina First Nation to OK Drought-Resistant GMO Wheat, Farm Industry Balks | Investing News

October 10, 2020

BUENOS AIRES (Reuters) – Argentina on Friday formally became the first country in the world to approve the use of drought-resistant genetically modified (GMO) wheat, prompting fierce criticism by the country’s massive export agriculture industry.

Bioceres’

HB4 wheat is resistant to drought and tolerates the herbicide glufosinate sodium, a combination the company says can help boost yields on dry years. But the government said the product cannot be sold before Brazil, Argentina’s biggest wheat buyer, approves its importation.

Last year, 45% of the 11.3 million tonnes of wheat exported by Argentina went to neighboring Brazil, which has not commented on the prospects of it approving the purchase of HB4 wheat.

Many farm groups in Argentina objected to the government’s approval of the product, over concerns it could prove a stigma for exporters.

“Not only are wheat and flour exports put at risk, but also pellets, starch, gluten, baked goods, noodles

Total Buys 20% Stake In Eolmed Floating Offshore Wind Farm Pilot Project In France

October 7, 2020

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(RTTNews) – Total SA (TTA.L, TTFNF.PK, TOT) announced Wednesday the acquisition of a 20 percent stake in the Eolmed floating Offshore wind farm pilot project in France. The financial terms of the deal were not disclosed.

The 30 megawatts project is located in the Mediterranean, off the coast of Gruissan and near Port-La-Nouvelle in Occitan region. Qair is the historical developer and majority shareholder of the project, which was attributed in July 2016 to accelerate the development of a floating wind technology.

Julien Pouget, Director Renewables of Total, stated, “Floating offshore wind is a very promising segment in which Total notably brings its extensive experience in offshore projects. Together with our partner Qair, we have the necessary resources to meet the technological and financial challenges that will determine our future success.”

Total’s latest investment is part of its ambition to get to net zero by 2050. The company is building

COLUMN-U.S. farm exports to China hit new August record thanks to soybeans -Braun

October 7, 2020

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By Karen Braun

FORT COLLINS, Colo., Oct 6 (Reuters) – U.S. agricultural exports to China had a sluggish start to 2020 relative to the lofty expectations set forth by the Phase 1 trade agreement, but the August value soared substantially over that of the prior months owing to strong soybean shipments.

U.S. cotton exports to China hit a seven-and-a-half-year high in August, while corn shipments to the Asian country reached an all-time record. But the combined export value of cotton and corn, the No. 2 and 3 items in August, was less than half that of soybeans, emphasizing the importance of the oilseed in the trade relationship.

According to data published on Tuesday by the U.S. Census Bureau, the United States in August shipped $2.15 billion in agricultural and related products to China, topping the 2012 record for the month by 19%.

That speaks to sheer volume of items

Farm Country Knows Ethanol Is Here To Stay

October 5, 2020

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Each time Paul Jeschke’s phone buzzed, the news got worse.

Like other farmers in this part of north-central Illinois, Jeschke regularly receives text messages on his phone that alert him to the latest selling prices of corn, one of his two main crops alongside soybeans, at a local rail market that ships corn off to markets in the Southeast. And on this day, in the heat of COVID-19 shutdowns in late March, his phone never stopped buzzing with news of falling prices.

The reason: 45 miles away, suffering from poor road fuel demand, a plant that turns corn into ethanol had shut down. Now farmers who typically sold corn to the ethanol plant were redirecting their corn to

U.S. Agriculture Secretary Says Unsure if China Will Meet Phase 1 Farm Commitment | Investing News

October 2, 2020

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By Christopher Walljasper

CEDAR GROVE, Wisc. (Reuters) – China may fall short of annual agricultural product purchasing commitments made in its Phase 1 trade deal with the United States due to “non-agricultural trade issues,” U.S. Department of Agriculture Secretary Sonny Perdue said on Friday.

“I’m not sure they’re going to make it, but they’re trying,” Perdue said during a town hall meeting with farmers at Edge Dairy Farmer Cooperative. “Non-agricultural trade issues get in the way.”

China committed to importing $36.5 billion in U.S. farm products this year in the trade deal signed in January, but lagging purchases during the first half of the year cast doubt on the goal of increasing imports by more than 50% over 2017 levels.

It was unclear which trade issues Perdue believed were obstacles to the agreement. A series of hurdles have emerged since the Phase 1 deal was implemented, including a threatened U.S.

Argentina farm body says grains tax cuts not enough, lambastes government

October 2, 2020

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Adds context

BUENOS AIRES, Oct 2 (Reuters) – Argentina’s main farm association said on Friday that government measures to cut export taxes on grains were inadequate and failed to address issues facing local farmers amid a grave economic crisis and strict capital controls.

The center-left government said on Thursday it would reduce the export levy on soybeans, soymeal and soyoil by 3 percentage points to 30% to stimulate stalled sales and bring in much-needed foreign currency.

Farmers in Argentina, the world’s top exporter of processed soy, have held back on selling their soy harvests, a concern for the government as foreign currency reserves dwindle amid the coronavirus pandemic and low confidence in the peso as the country heads for its third straight year of recession.

Argentina is also just emerging from a sovereign default after restructuring over $100 billion in foreign currency debt.

The

Global Fire and Allied Insurance Market Business Growth, Trends and Future Scenario Along with Top Key Players : State Farm, Allstate, GEICO

September 30, 2020

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The MarketWatch News Department was not involved in the creation of this content.

Sep 30, 2020 (WiredRelease via Comtex) —
The latest research report provides a complete assessment of the Global Fire and Allied Insurance market for the forecast year 2020-2029, which is beneficial for companies regardless of their size and revenue. This Survey report covering the major market insights and industry approach towards COVID-19 in the upcoming years 2020-2029. The Fire and Allied Insurance Market Report presents data and information on the development of the investment structure, technological improvements, market trends and developments, capabilities, and comprehensive information on the key players of the Fire and Allied Insurance Market. The market strategies undertaken, with respect to the current and future scenario of the industry, have also been listed in the study.

The report begins with a brief presentation and overview of the Fire and Allied Insurance market, about the current

Canaan family farm raises money for Make-A-Wish Maine

September 29, 2020

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CANAAN, Maine (WABI) – A Family farm in Canaan is doing more than just growing pumpkins.

a sign on a wooden pole: Ring Family Farm raises money for Make-A-Wish Maine

© Provided by Bangor WABI-TV
Ring Family Farm raises money for Make-A-Wish Maine

Since 2010, The Ring Family Farm has been raising money for the Maine Make-A-Wish Foundation.

They usually do a Fall Family Day event in October but had to cancel it this year due to COVID-19.

Instead, they are still raising money through their veggie stand, pumpkins, corn stalks, and gourds.

“We can’t do our fundraiser this year, so we’re hoping that people come and buy every pumpkin that we have,” said Danny Ring. “You have to give back, one way or another. A lot of people do it in a lot of different ways. You just have to give back, and Make-a-Wish is my favorite charity.”

Since they started raising money, they have donated over 100-thousand dollars to Maine Make-A-Wish.

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