Articles Tagged with ''supply chain''

A “substantial reduction in production rates” at a manufacturing plant that supplies one of the raw ingredients needed to make glyphosate herbicide will affect Bayer’s ability to deliver products containing the chemical, the company says.

Tyson Foods, one of the country’s largest meat companies, is reporting net earnings per share of $2.87 for the latest quarter, up 48% for the same period a year earlier.

The U.S. exported $177 billion worth of agricultural commodities in 2021, firmly besting the record in 2014 by about 15% and overshadowing 2020 totals by 18%, according to new data released by the Commerce Department.

The International Dairy Foods Association is joining with the Port of Los Angeles and the shipping logistics company CMA CGM to form the Dairy Exports Working Group as supply chain bottlenecks at U.S. ports continue to hamper shipments of agricultural commodities to foreign buyers.

The Department of Agriculture is funneling $750 million into the nation’s school lunch program, a move it says is driven by the need to “keep pace with food and operational costs.”

The Biden administration’s plans to invest more than $1 billion in the meat sector rolled out on Monday can be expected to invest in several different types of facilities and include provisions to keep subsidized facilities from falling into the hands of major meatpackers.

USDA is making $100 million available to fund a new Food Supply Chain Guaranteed Loan Program.

The port congestion and trucking shortage that have made it difficult – and in some cases just not possible to ship U.S. ag commodities overseas will likely continue throughout 2022, according to a new analysis from RaboResearch, a division of Rabobank.

Farmers, ranchers and ag exporters hoping President Joe Biden will engage Chinese President Xi Jinping Monday evening on trade tariffs or supply chain problems will likely be disappointed. Neither topic is on Biden’s agenda for the virtual meeting, according to a senior White House official who previewed expectations for the conversation to reporters.

Multiple breakdowns in how goods are transported across the country and around the globe are worsening crises in a food and agriculture sector that is already bleeding profits and customers, according to witnesses at a House hearing Wednesday.