Cargill to Sell Ag-Retail Division
With The Agribusiness Update, I'm Susan Allen. From Reuters, on Wednesday, U.S. grain trader Cargill Inc has agreed to sell its ag-retail business in the United States to farming input seller and distributor Agrium Inc, the companies said on Wednesday. Calgary-based Agrium, North America's largest retail seller of crop inputs like seed, fertilizer, and pesticides, will acquire 18 ag-retail locations in Nebraska, South Dakota, Minnesota, Wisconsin, Michigan, and Indiana. The businesses have annual revenues exceeding $150 million. Also from Reuters - Prison Time for Egg Execs. A federal appeals court on Wednesday rejected a bid by two former Iowa egg industry executives to throw out their three-month prison sentences after their company Quality Egg LLC caused a nationwide salmonella outbreak in 2010. By a 2-1 vote, the 8th U.S. Circuit Court of Appeals in St.Paul, Minnesota said prison time was appropriate for Austin"Jack" DeCoster and his son Peter for negligently failing to prevent the outbreak, which sickened thousands.Finally, Krogers will team up with The Produce Mom for a marketing campaign that begins July 10..