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Agriculture AgTech Crop Insurance Precision Ag

Understory has been awarded as ‘AgTech Insurance Solution of the Year’

Understory, a company solving the coverage crisis with parametric insurance for severe weather, has been awarded ‘AgTech Insurance Solution of the Year’ by AgTech Breakthrough, a leading market intelligence company. Climate-vulnerable businesses around the world rely on Understory’s parametric insurance for financial protection from hail and frost damage. Prior to Understory, the vast majority of […]

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AgTech Webinar

AgTech Webinar: Innovation and technology in food and farming

Globally we are fast-moving more toward a technologized society as the Covid-19 pandemic has shown in medicine, education and the way we work. Agriculture too is at the forefront of this revolution with a fledgling sector called agtech. Farmers challenged by climate change, labor shortage, water and land supply shortage and the depletion of arable […]

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Investments Strategy

Brand divestment: Hershey’s plans to sell KRAVE, Scharffen Berger and Dagoba

Hershey is looking to divest its high-flying jerky brand KRAVE along with its artisan chocolates Scharffen Berger and Dagoba, Hershey CEO Michele Buck told analysts. KRAVE, a high-end jerky and meat snack company that Hershey acquired for $220 million in 2015, had failed to meet company’s expectations. These are great brands that continue to resonate […]

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Veterinary

Modern Animal, a California startup ready to disrupt Veterinarian business

Modern Animal calls itself a new kind of veterinary clinic for animals and their humans. Steve Eidelman, founder and CEO of Modern Animal, is out to disrupt the veterinary business. Eidelman explains, “We have a system that’s broken, not supporting the consumer in a way all these other industries are. We don’t have a thriving […]

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Agriculture

Despite lockdown, producers didn’t change planting plans in USA

As compared to 2019, planted acreage in 2020 is as follows: Corn Planted Acreage at 97.0 million acres Up 8 Percent Soybean Acreage at 83.5 million acres Up 10 Percent All Wheat Acreage at 44.7 million acres Down 1 Percent All Cotton Acreage at 13.7 million acres Down Less Than 1 Percent As compared to […]

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Food Loss/Waste

Washington growers have a billion pounds of potatoes that they can’t sell

Washington growers have a billion pounds of potatoes sitting around that they can’t get rid of because restaurants don’t need them. Ninety percent of Washington potatoes go to processors. Due to this lockdown, processors and restaurants are closed. This lead growers to the brink of financial collapse. When all of that shuts down, it has a […]

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Food Safety

Food safety violations: Chipotle to pay $25 million fine

Chipotle Mexican Grill Inc. will pay $25 million to resolve criminal charges related to the company’s involvement in foodborne illness outbreaks that sickened more than 1,100 people between 2015 and 2018, according to the Department of Justice. This case highlights why it is important for restaurants and members of the food services industry to ensure […]

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Uncategorized

How Satellites Can Improve Decision-Making For Agricultural Investments

USDA information about crop supply and demand estimates is fundamental to both policy-makers and agricultural investors. Nevertheless, the current situation with markets and crops is changing faster than USDA report releases, especially with the uncertainty around coronavirus pandemics. The uncertainty caused by the outbreak of the COVID-19 reinforces the need for reliable, precise, politically neutral, […]

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Uncategorized

‘Apple detectives’ find 10 lost fruit varieties

A team of retirees that scours the remote ravines and windswept plains of the Pacific Northwest for long-forgotten pioneer orchards has rediscovered 10 apple varieties that were believed to be extinct. But the men, who make up the nonprofit Lost Apple Project, won’t see the fruits of their labor this year because of the coronavirus […]

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Uncategorized

Farmer forced to dump 17,000 gallons of milk

Farmers in North Carolina are dumping fresh milk they can’t sell during the coronavirus pandemic. Homeland Creamery supplies milk to restaurants and coffee shops. Many of those establishments are closed. There is a 65-percent decrease in total milk sales. Because there’s no one to buy milk in bulk, Bowman said he has no choice but […]

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Uncategorized

The Supply Chain for Food Is Stressed

The spread of the virus through the food and grocery industry is expected to cause disruptions in production and distribution of certain products as panicked shoppers test supply networks as never before. Industry leaders acknowledge shortages could increase, but they insist it is more of an inconvenience than a major problem. People will have enough […]