Soybean

American Financial Group, Inc. Announces Third Quarter Results and Declares Special Dividend

Retrieved on: 
Wednesday, November 1, 2023
Professional Services, Insurance, Finance, National Association, P&C, Property, Fesco Transport Group, Policy, Specialty, S&P Global, Transport, NAIC, Environment, 1/3–2/3 conjecture, Growth, A&E, AFG, Asbestos, American Financial Group, Investment, Hurricane Ian, National Association of Insurance Commissioners, Soybean, Calendar, Reinsurance, Life insurance, Rare-earth element, Cryptocurrency

The Company also announced today that its Board of Directors has declared a special cash dividend of $1.50 per share of American Financial Group common stock.

Key Points: 
  • The Company also announced today that its Board of Directors has declared a special cash dividend of $1.50 per share of American Financial Group common stock.
  • This special dividend is in addition to the Company’s regular quarterly cash dividend of $0.71 per share most recently paid on October 25, 2023.
  • With this special dividend, the Company has declared $5.50 per share in special dividends in 2023.
  • We achieved an annualized core operating return of over 18% in the quarter, with strong underwriting results despite elevated catastrophe losses during the quarter.

Lallemand Gives Back to Two Rural Communities as This Year's "Hometown Roots" Contest Winners Announced

Retrieved on: 
Tuesday, October 31, 2023
Essay, Farm, Environment, Marketing strategy, Risk, Farmer, Bulgarian Eastern Orthodox Diocese of the USA, Canada and Australia, Cooperative, PRO, Soybean, Lallemant

Today, Lallemand Plant Care announced the winners of this year's Hometown Roots Family Contest in Montana and North Dakota.

Key Points: 
  • Today, Lallemand Plant Care announced the winners of this year's Hometown Roots Family Contest in Montana and North Dakota.
  • "As a family-owned company, much like the farms we serve, Lallemand is proud to support the communities we are part of.
  • "With rural roots and rural customers, Lallemand is pleased to have had the opportunity to give back to the rural communities of Daniels County, MT and Horace, ND through this contest," Favre adds.
  • Thank you Lallemand, for holding the Hometown Roots Family Contest, and thanks to my local Co-op, PRO Co-op, for entering my farm in the contest.

Guidehouse Insights Estimates Global Market for Precision and Autonomous Agriculture Equipment Will Grow to Nearly $29 Billion by 2032

Retrieved on: 
Tuesday, October 31, 2023
Pesticide, Farmer, Agriculture, Research, Fertilizer, PAA, Soybean, Precision, GPS, Herbicide, Software

BOULDER, Colo., Oct. 31, 2023 /PRNewswire/ -- A new report from Guidehouse Insights explores the precision and autonomous agriculture (PAA) market and focuses on drivers and barriers for all PAA technologies on all types of fields.

Key Points: 
  • Precision agriculture uses advanced technology, such as sensors, software, and equipment, to grow crops optimally.
  • According to a new report from Guidehouse Insights, the global market for all PAA equipment is expected to be worth nearly $28.5 billion by 2032, growing from nearly $4.0 billion in 2023, at a compound annual growth rate (CAGR) of 24.7%.
  • "The market potential for these technologies is significant," says Jake Foose, research analyst with Guidehouse Insights.
  • The report, Precision and Autonomous Commercial Agriculture , analyzes the global market for precision and autonomous agriculture.

ADAMA Expands Availability of Apresa® in South America, Highly Effective Herbicide for Soybean, Corn and Other Crops

Retrieved on: 
Thursday, October 26, 2023
Goosegrass, TEL, Forestry, Weed control, SZSE, Farmer, Amaranth, WRM, Soybean, Vegetable, Silviculture, Agriculture

The product uses ADAMA's proprietary TOV oil dispersion formulation technology, which maximizes the potential of its dual active ingredients.

Key Points: 
  • The product uses ADAMA's proprietary TOV oil dispersion formulation technology, which maximizes the potential of its dual active ingredients.
  • "This early season weed control enhances crop yield and quality, and eases harvest due to clean fields.
  • After more than 200 trials in recent years in soybean, corn and other crops, Apresa was found to be highly effective against several key weeds including Amaranthus sp., Goosegrass, Sourgrass and many others.
  • Besides soybean, it can be used on corn, peanuts, sugarcane, specific vegetables and forestry.

New Soybean Processing Plant to Bring More Than 100 New Jobs to Ohio

Retrieved on: 
Friday, October 20, 2023
Louis Dreyfus Company, Bakersfield Department of Development Services, Workforce, Ohio Department of Agriculture, Soybean oil, Soybean, City, Growth, Van Buren State Park (Ohio), Partnership, Farmer, Economic development, Plastic, LDC, Vegetable oil, Renewable energy, Development

Governor Jon Husted, Ohio Department of Development Director Lydia Mihalik, and JobsOhio president and CEO J.P. Nauseef announced today that a new soybean processing plant in Upper Sandusky will bring more than 100 new jobs to Ohio.

Key Points: 
  • Governor Jon Husted, Ohio Department of Development Director Lydia Mihalik, and JobsOhio president and CEO J.P. Nauseef announced today that a new soybean processing plant in Upper Sandusky will bring more than 100 new jobs to Ohio.
  • "This new facility will not only bring in new jobs, but it will also lead to new avenues for growth and innovation in Ohio's agricultural sector."
  • There are approximately 26,000 soybean farmers in Ohio, and the annual economic impact of soybean production in Ohio is $5.3 billion.
  • LDC’s state-of-the-art soybean processing plant will have integrated crushing, edible oil refining, and lecithin production and packaging capabilities.

CoBank Quarterly: High Interest Rates, Strong U.S. Dollar Taking an Oversized Toll on Agricultural and Rural Economies

Retrieved on: 
Wednesday, October 11, 2023
Knowledge, Congress, Mining, Pressure, Soybean, October 2013 mini-continuing resolutions, Eating, Agriculture, Food, Farm, Cotton, House, Fruit, Milk, Infrastructure, Transport, USDA, Natural gas, Continuing resolution, Class, Representative, WTI, Agricultural marketing, Growth, Supreme court, Cheese, Supreme Court of the United States, Foodservice, United States Senate Agriculture Subcommittee on Food and Nutrition, Specialty Crops, Organics, and Research, United States farm bill, Ethanol, Grain, Water, Biofuel

Most international transactions are still conducted in dollars, and a strong dollar makes U.S. exports more expensive and imports cheaper.

Key Points: 
  • Most international transactions are still conducted in dollars, and a strong dollar makes U.S. exports more expensive and imports cheaper.
  • That disproportionally hurts the backbone of the rural economy, according to a new quarterly report from CoBank’s Knowledge Exchange .
  • The expectation that interest rates will remain high for the foreseeable future has also contributed to the strengthening dollar.
  • Agricultural Markets; Grains, Biofuels and Farm Supply; Animal Protein; Dairy; Cotton and Rice; Specialty Crops; Food & Beverage industries and Rural Infrastructure.

AcreTrader Exceeds Target Returns in Illinois Farm Aggregation

Retrieved on: 
Wednesday, October 11, 2023
Pressure, Food, Soybean, IRR, Investment, Jamaica Township, Vermilion County, Illinois, Great, Soap bubble, COVID-19, Acre, AcreTrader, Face, Drainage, Sale, Agriculture

The initial targeted returns (IRR) of the four farm offerings ranged from 7.8-8.7%, while the preliminary IRR for the aggregated offerings at exit is well above target at an expected 12.75%.

Key Points: 
  • The initial targeted returns (IRR) of the four farm offerings ranged from 7.8-8.7%, while the preliminary IRR for the aggregated offerings at exit is well above target at an expected 12.75%.
  • The dispositions encompassed 473 acres of investment-grade soil predominantly cultivated for corn and soybeans in Illinois' Iroquois and Vermilion Counties.
  • This exit yielded returns significantly surpassing anticipated targets for AcreTrader investors, attributable to a conservative initial underwrite, attractive entry price, a multi-year portfolio aggregation strategy, and favorable market conditions for farmland investments.
  • These upcoming exits bring a total of 10 full-cycle investments managed by AcreTrader Management, LLC, all of which generated realized returns above initial targets.

Farmers Business Network Accelerates Work with ADM to Expand Regenerative Agriculture

Retrieved on: 
Thursday, October 12, 2023
Software, Supply Chain Management, Sustainability, Apps, Applications, Technology, Agriculture, Agritech, Food, Beverage, Natural Resources, Environment, Retail, Food Tech, Business network, Partnership, Health, Farm, Soybean, Water quality, Farmer, AG, Biodiversity, FBN, Farmers Business Network, News, Soil, ADM, Grade

Farmers Business Network , Inc. (FBN®), the global AgTech platform and farmer-to-farmer network, celebrates several milestones achieved and significant expansions through a growing partnership with ADM, a global leader in sustainable agriculture supply chains.

Key Points: 
  • Farmers Business Network , Inc. (FBN®), the global AgTech platform and farmer-to-farmer network, celebrates several milestones achieved and significant expansions through a growing partnership with ADM, a global leader in sustainable agriculture supply chains.
  • In 2022, FBN and ADM launched a collaboration allowing ADM customers to leverage FBN's innovative digital farm business management platform, Gradable.
  • "ADM continues to lead the industry when it comes to their sustainability efforts," said John Vaske, CEO, Farmers Business Network.
  • FBN and Gradable enable ADM and farmers to access voluntary and regulatory rewards within the supply chain through practice and outcome claims.

Farmland Partners Announces Several Asset Dispositions at a 17% Gain, and a Farm Acquisition

Retrieved on: 
Tuesday, October 10, 2023
Environment, Sustainability, Agriculture, Commercial Building & Real Estate, Natural Resources, Construction & Property, Farm, Soybean, NYSE, Acquisition, FPI, Life Partners, Inc., Sale, Water

The sales cumulatively totaled more than $70 million and represented a gain on sale of approximately 17%.

Key Points: 
  • The sales cumulatively totaled more than $70 million and represented a gain on sale of approximately 17%.
  • The acquisition in Louisiana is nearby other FPI farmland and primarily produces corn and soybeans.
  • “We sold more than 30 farms this summer – many of which were in water challenged areas – and captured strong asset appreciation returns for our shareholders,” said Luca Fabbri, FPI’s President and CEO.
  • The Company’s currently projected asset sales for the year total $170 million.

SC Solutions and Hunnicutt Farms Innovate Corn Growing

Retrieved on: 
Wednesday, October 11, 2023
Deep learning, Soybean, Machine learning, Observation, Hunnicutt, Farm, Agriculture

GILTNER, Neb., Oct. 11, 2023 /PRNewswire/ -- Hunnicutt Farms, a leading grower of corn, popcorn, soybeans, and feed corn, is advancing with its use of earth observation analytics by signing a contract with SC Solutions, Inc. SC Solutions' I-SAT platform provides advanced satellite imagery and analytics, supporting Hunnicutt's mission to be at the forefront of sustainable and precision agriculture practices.

Key Points: 
  • GILTNER, Neb., Oct. 11, 2023 /PRNewswire/ -- Hunnicutt Farms, a leading grower of corn, popcorn, soybeans, and feed corn, is advancing with its use of earth observation analytics by signing a contract with SC Solutions, Inc .
  • SC Solutions' I-SAT platform provides advanced satellite imagery and analytics, supporting Hunnicutt's mission to be at the forefront of sustainable and precision agriculture practices.
  • "Our platform [I-SAT] takes high resolution data to analyze key factors influencing corn growth, including soil health, moisture levels, and vegetation indices," said Cliff Beek, CEO of SC Solutions.
  • Operating for over a century, Hunnicutt Farms has demonstrated an affinity for embracing innovative solutions.