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Part 3: AFBF Says UP-NS Merger Could Harm Rural Shippers
Line on Agriculture
The American Farm Bureau Federation economist, Danny Munch, discusses the potential Union Pacific and Norfolk Southern merger, highlighting concerns about increased national security risks due to reduced redundancies in the rail system. He argues that a single company controlling a large market share could lead to significant supply chain disruptions if affected by cyber attacks, labor strikes, or weather incidents
Part 2: AFBF Says UP-NS Merger Could Harm Rural Shippers
Line on Agriculture
The American Farm Bureau Federation warns of significant economic and operational disruptions, referencing past mergers that caused over $4 billion in negative economic impact and service disruptions. The conversation sets the stage for a discussion on national security risks and the importance of supply chain redundancies in the final part of the series
AFBF: UP–NS Merger Could Harm Rural Shippers
Line on Agriculture
a potential merger between Union Pacific and Norfolk Southern railroads, which would create the first coast-to-coast rail line spanning 50,000 route miles across 43 states. The proposal was initially denied by the Surface Transportation Board (STB) due to incomplete market information. The railroads re-filed their intent in February and are expected to submit a formal application soon.
Farm Credit Merger in Florida and Georgia and Texas Court Halts Corporate Transparency Act
The Agribusiness Update
Farm Credit of Central Florida and Southwest Georgia Farm Credit have announced unanimous agreement to merger, and a Texas federal court halted the implementation of the Corporate Transparency Act’s beneficial ownership reporting requirements.
Deficit Irrigation Program and Potato Sales Higher
The Agribusiness Update
An agreement would pay farmers participating in the “deficit irrigation” program if they stop irrigating and sacrifice one or two hay cuttings, and retail sales of U.S. potatoes increased by both volume and dollar sales in July 2023-thru-June of this year.
Farm Tech Field Day and Potato Sales Higher
The Agribusiness Update
University of Florida Extension is working with its Agriculture and Biological Engineering Department to launch a new Farm Technology Field Day, and retail sales of U.S. potatoes increased by both volume and dollar sales in July 2023-thru-June of this year.
Law Addresses Anti-Trust Issues in the Cattle Industry
Line on Agriculture
R-Calf United Stockgrowers of America, CEO Bill Bullard says that they are looking for a new bill to address acquisitions with a market concentration threshold.
Canada Requests Corn Talks with Mexico and Helios' Supply Chain AI
The Agribusiness Update
Canada requests talks with Mexico over biotech corn import ban, and Helios Articial Intelligence launches open beta of platform to identify ag supply chain disruptions.
Hurrican Ian Estimates in Florida and E15 to Replenish Fuel Supply
The Agribusiness Update
Preliminary assessments of the agricultural losses tied to Hurricane Ian hit $1.5 billion, and National Corn Growers Association calls on policymakers to use ethanol as a solution to the nation's fuel supply problems.
China's Goal on Pork Self-Sufficient and Equipment Dealers Merger
The Agribusiness Update
China sets goal to become self-sufficient in pork production, and four of the largest equipment dealer associations talk merger.
BASF Mergers Pt 2
Washington State Farm Bureau Report
Big merger changes ag landscape and what BASF has to offer.
BASF Mergers Pt 1
Washington State Farm Bureau Report
Big merger changes landscape and what BASF has to offer.
BASF After Acquisitions Pt 2
Washington State Farm Bureau Report
BASF portfolio grows with more than $9-billion worth of assets acquired during the Bayer-Monsanto merger.
Trade Deal without Canada and NC Florence Relief
The Agribusiness Update
U.S. trade deal with Mexico could move forward without Canada, and SNAP relief for North Carolina Florenc victims.
Bayer CEO Soothes Investors and Canadian Dairy Herd
The Agribusiness Update
Bayer CEO tries to sooth investor worries, and Canadian Dairy herd reaches 10 year high.
Bayer Monsanto Merger and Farm Bill Negotiations
The Agribusiness Update
The waiting is over as Bayer and Monsanto prepare to merge, and Farm Bill negotiations pick up.
Bayer Ag to Drop the 'Monsanto' Name After Completed Merger
Land & Livestock Report
Bayer Ag to Drop the 'Monsanto' Name After Completed Merger
DOJ Okays Bayer Monsanto and Missouri Fake Meat Labeling Law
The Agribusiness Update
Department of Justice grants permission for Bayer-Monsanto merger, and Missouri could be first state to enact fake-meat labeling laws.
Bayer Earnings with Monsanto and EU GMO Delays
The Agribusiness Update
Bayer reduces earnings expectations from Monsanto merger, and European Union frustrates farm and biotech industries with roadblocks for genetically modified foods.
GOP Pushes Farm Bill and Pence Optimistic on NAFTA
The Agribusiness Update
Republicans push farm bill through House Ag Committee, and VP Pence optimistic NAFTA deal done soon.