Ag Business Articles
Trump and Xi Discuss Trade
Published May 9, 2018
Trade was on the agenda when President Donald Trump and Chinese President Xi Jinping talked by phone Tuesday. In a statement, the White House said Trump is committed to having a trade relationship with China that is balanced and benefits…Farm Credit Loan Volume Up
Published May 8, 2018
Combined net income for the Farm Credit System increased 1.8 percent to $1.27 billion for the first quarter of 2018. Net interest income was $2 billion for the first quarter of 2018, compared to $1.9 billion for the first quarter…Bioindustry Summit to be Held This Week
Published May 8, 2018
The 2018 Bioindustry Summit is set for Wednesday on the North Dakota State University campus. Topics will include efficiency gains in corn ethanol production, soybean-based biodiesel and market development, as well as updates on federal biofuel policy and trade. NDSU…Mitsui & Co to Close Brazilian Commodity Business
Published May 8, 2018
The Japanese trading firm, Mitsui & Company, plans to close its Multigrain business unit in Brazil by the end of the year. Mitsui was a part of a joint venture with CHS before acquiring 100 percent ownership in Multigrain for…Costs Expected to Rise for Tyson Foods
Published May 8, 2018
Tyson Foods reports a second quarter profit of $315 million. That’s down from $340 million last year. Sales for the food company increased nearly eight percent, but that was below the expectations of most analysts. Tyson officials said costs will…A Positive Financial Report for Mosaic
Published May 8, 2018
In the first quarter, Mosaic reports a profit of $42 million. That compares to a net loss of $1 million last year. Higher prices for Mosaic’s phosphate and potash products gave the sales figure a boost, although trade volumes were…1Q Loss for The Andersons
Published May 8, 2018
The Andersons suffered a net loss of $1.7 million in the first quarter. A year ago, the Ohio-based agriculture company had profits of nearly $2 million. The Andersons report better year-over-year results for its grain and ethanol businesses. Income from…U.S. Trade Deficit With China Grows
Published May 8, 2018
China’s trade surplus with the United States grew last month. The trade surplus totaled more than $22 billion in April, up nearly 44 percent from March. Over the first four months of the year, China’s trade surplus with the U.S.…Meyer Named Entrepreneur of the Year
Published May 8, 2018
The co-founder and president of Titan Machinery has been honored as the University of Minnesota Entrepreneur of the Year. David Meyer is a graduate of the Carlson School of Management and founded Titan Machinery in 1980. Titan Machinery is based…