Agribusiness Update for Thursday 04/28/16
US retail sales of farm tractors under 40 horsepower were up 33 percent for March of 2016, and up 26 percent year-to-date. A report says the 2 wheel drive category of tractors between 40 and 100 horsepower saw sales increase 10 percent in March compared with a year ago. High horsepower tractors didn't fare as well. Two-wheel-drive tractors over 100 HP declined 32 percent. January to March sales dropped 38 percent compared to a year ago. Sales of the smaller tractors benefit from a broad customer base in smaller acreage farms and some livestock operations
Yogurt maker Dannon announce their plans to label all of its products that contain genetically engineered food ingredients. Even if Vermont's measure doesn't go into effect in July, the White Plains, N.Y.-based company says it will add language to its products nationwide by December 2017. The move is one of several sustainability and consumer outreach efforts announced by Dannon. The company says it also is going to work with dairy farmers to protect water and soil health, and reduce synthetic and GMO ingredients in its flagship brands.
That's today's Agribusiness Update from the Ag Information Network of the West.