World Agricultural Supply and Demand Estimates

Market Consolidation of Larger Companies Acquiring or Merging with Smaller Firms Fueling Growth in Food Supply Chain Operations

Retrieved on:

Thursday, June 8, 2023

PALM BEACH, Fla., June 8, 2023 /PRNewswire/ -- The flow of products and information between the supply chain's member businesses is known as the supply chain. In the food supply chain, food moves from producer to consumer via the processes of production, processing, distribution, retailing and consumption; thus, food moves from farmer to consumer in a domino–like fashion. As a result, agriculture supply chain management requires managing interactions between firms responsible for the efficient production and distribution of products from farmers to customers to meet the quantity, quality, and price expectations of consumers constantly. This usually requires managing horizontal and vertical alliances, as well as B2B procedures and interactions. Throughout the agricultural supply chain, however, difficulties such as smallholder/marginal farmer dominance, supply chain fragmentation, lack of economies of scale, low processing/value-added levels, and insufficient marketing infrastructure persist. A report from Verified Market Research projected that the Agriculture Supply Chain Management Market size is projected to reach USD 1802.59 Million by 2030, growing at a CAGR of 10.02%. The report said: "In the following years, the global agriculture supply chain management industry is expected to rise significantly. A considerable increase in demand for agricultural products, the implementation of advanced farming techniques, the rapid acceptance of blockchain technology, government efforts, and others are all driving the market's growth in different ways." Active companies in the markets this week include Muscle Maker, Inc. (NASDAQ: GRIL), ADM (NYSE: ADM), Bunge (NYSE:BG), Conagra Brands, Inc. (NYSE: CAG), The J.M. Smucker Co. (NYSE: SJM).

Key Points:

Throughout the agricultural supply chain, however, difficulties such as smallholder/marginal farmer dominance, supply chain fragmentation, lack of economies of scale, low processing/value-added levels, and insufficient marketing infrastructure persist.
A report from Verified Market Research projected that the Agriculture Supply Chain Management Market size is projected to reach USD 1802.59 Million by 2030, growing at a CAGR of 10.02%.
The report said: "In the following years, the global agriculture supply chain management industry is expected to rise significantly.
Market consolidation with larger companies acquiring smaller competitors to attain economies of scale and vertical integration, the trend of precision farming, and increased investments in agritech start-ups are some of the important drivers driving the growth of the North American market."

Market Consolidation of Larger Companies Acquiring or Merging with Smaller Firms Fueling Growth in Food Supply Chain Operations

Retrieved on:

Thursday, June 8, 2023

PALM BEACH, Fla., June 8, 2023 /PRNewswire/ -- The flow of products and information between the supply chain's member businesses is known as the supply chain. In the food supply chain, food moves from producer to consumer via the processes of production, processing, distribution, retailing and consumption; thus, food moves from farmer to consumer in a domino–like fashion. As a result, agriculture supply chain management requires managing interactions between firms responsible for the efficient production and distribution of products from farmers to customers to meet the quantity, quality, and price expectations of consumers constantly. This usually requires managing horizontal and vertical alliances, as well as B2B procedures and interactions. Throughout the agricultural supply chain, however, difficulties such as smallholder/marginal farmer dominance, supply chain fragmentation, lack of economies of scale, low processing/value-added levels, and insufficient marketing infrastructure persist. A report from Verified Market Research projected that the Agriculture Supply Chain Management Market size is projected to reach USD 1802.59 Million by 2030, growing at a CAGR of 10.02%. The report said: "In the following years, the global agriculture supply chain management industry is expected to rise significantly. A considerable increase in demand for agricultural products, the implementation of advanced farming techniques, the rapid acceptance of blockchain technology, government efforts, and others are all driving the market's growth in different ways." Active companies in the markets this week include Muscle Maker, Inc. (NASDAQ: GRIL), ADM (NYSE: ADM), Bunge (NYSE:BG), Conagra Brands, Inc. (NYSE: CAG), The J.M. Smucker Co. (NYSE: SJM).

Key Points:

Throughout the agricultural supply chain, however, difficulties such as smallholder/marginal farmer dominance, supply chain fragmentation, lack of economies of scale, low processing/value-added levels, and insufficient marketing infrastructure persist.
A report from Verified Market Research projected that the Agriculture Supply Chain Management Market size is projected to reach USD 1802.59 Million by 2030, growing at a CAGR of 10.02%.
The report said: "In the following years, the global agriculture supply chain management industry is expected to rise significantly.
Market consolidation with larger companies acquiring smaller competitors to attain economies of scale and vertical integration, the trend of precision farming, and increased investments in agritech start-ups are some of the important drivers driving the growth of the North American market."

CARGILL STRENGTHENS EXECUTIVE TEAM WITH THE APPOINTMENTS OF JOANNE KNIGHT AS CHIEF FINANCIAL OFFICER, PHILIPPA PURSER AS HEAD OF STRATEGY AND GLOBAL PROCESS LEADER

Retrieved on:

Monday, February 20, 2023

University, Senior, CFO, World Agricultural Supply and Demand Estimates, Harvard University, General Mills, Cargill, Culture, Knight, Business administration, Rail transport by country, Marketing, Head, Partnership, Wachovia, Transport, Management, Finance

"Joanne and Philippa are exceptional leaders with a compelling blend of strategic discipline, well-honed operating skills, and a relentless passion for serving our customers and people.

Key Points:

"Joanne and Philippa are exceptional leaders with a compelling blend of strategic discipline, well-honed operating skills, and a relentless passion for serving our customers and people.
Knight, who currently serves as Cargill's acting CFO, is a seasoned finance leader who has built her career on delivering results through dynamic market cycles.
Purser, a 32-year Cargill veteran, brings deep global experience and relentless focus on people and culture, delivering for customers and defining growth strategies to this role.
We are excited about adding these two new leaders to our diverse Executive Team and committed to driving meaningful impact."

Cargill Announces CFO Transition

Retrieved on:

Monday, January 9, 2023

Cargill, Business administration, World Agricultural Supply and Demand Estimates, CFO, Wachovia, Transport, Miller, Rail transport by country, University, Harvard University, General Mills, Marketing, Knight, Livestock, Management, Finance

MINNEAPOLIS, Jan. 9, 2023 /PRNewswire/ -- Cargill today announced that Jamie Miller will step down as Chief Financial Officer to accept an opportunity outside the company.

Key Points:

MINNEAPOLIS, Jan. 9, 2023 /PRNewswire/ -- Cargill today announced that Jamie Miller will step down as Chief Financial Officer to accept an opportunity outside the company.
Joanne Knight will serve as Cargill's acting CFO.
"We are grateful for Jamie's service to Cargill," said Brian Sikes, Cargill President and CEO.
Miller will leave Cargill on Jan. 13, 2023.

Farmer sentiment improves, but farmers still concerned about rising costs and inflation

Retrieved on:

Tuesday, September 6, 2022

and CHICAGO, Sept. 6, 2022 /PRNewswire/ -- The Purdue University/CME Group Ag Economy Barometer farmer sentiment index rose 14 points in August to a reading of 117.

Key Points:

and CHICAGO, Sept. 6, 2022 /PRNewswire/ -- The Purdue University/CME Group Ag Economy Barometer farmer sentiment index rose 14 points in August to a reading of 117.
The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers' responses to a telephone survey.
On the farm level, there is a big disparity in opinions among farmers regarding whether or not input prices will retreat or escalate in 2023.
It includes a detailed breakdown of each month's barometer, in addition to a discussion of recent agricultural news that affects farmers.

AgriBank Reports Second Quarter 2022 Financial Results

Retrieved on:

Monday, August 8, 2022

ST. PAUL, Minn., Aug. 8, 2022 /PRNewswire/ -- Today, St. Paul-based AgriBank announced financial results for the second quarter of 2022, with strong profitability, credit quality, and liquidity and capital.

Key Points:

ST. PAUL, Minn., Aug. 8, 2022 /PRNewswire/ -- Today, St. Paul-based AgriBank announced financial results for the second quarter of 2022, with strong profitability, credit quality, and liquidity and capital.
"AgriBank's key financial measures remained strong through the second quarter of 2022," said Jeffrey Swanhorst, AgriBank chief executive officer.
Total loans were $125.0billion at June 30, 2022, an increase of $3.0billion, or 2.5 percent, compared to December 31, 2021.
Additionally, real estate mortgage volume increased at District Associations due to continued demand for lower fixed rates in the first quarter of 2022, prior to the quickly rising rates in the second quarter.

The Worldwide Poultry Feed Premix Industry is Expected to Reach $6.6 Billion by 1017 - ResearchAndMarkets.com

Retrieved on:

Wednesday, June 8, 2022

As a result of the enormous growth in worldwide demand for animal products, more feed supplies, sources, and alternatives are required.

Key Points:

As a result of the enormous growth in worldwide demand for animal products, more feed supplies, sources, and alternatives are required.
Manufacturers have been influenced by the increased demand for safe and nutrient-dense animal feed to improve quality and safety while maintaining cost-effectiveness.
The International Feed Industry Federation (IFIF) estimates that the global compound feed output has surpassed 1 billion tonnes per year.
Another prime factor that is expected to drive lucrative demand for poultry feed premix is the rising demand for poultry meat which has notably increased with poultry production.

Orchard & Vineyard Supply Acquires Clearwater Irrigation Supply of Salem, Oregon

Retrieved on:

Friday, March 11, 2022

Agriculture, Natural Resources, Industry, Family, Willamette Valley, Farmer, Cascade, Pacific Northwest, Motor controller, Acquisition, OVS, World Agricultural Supply and Demand Estimates, Solution, Water, Agriculture, Retail

Clearwater Irrigation Supply ("Clearwater) and Orchard & Vineyard Supply (OVS) have joined forces in an acquisition that closed on March 2nd, 2022.

Key Points:

Clearwater Irrigation Supply ("Clearwater) and Orchard & Vineyard Supply (OVS) have joined forces in an acquisition that closed on March 2nd, 2022.
As a full-service agricultural irrigation company, Clearwater helps growers in the Willamette Valley and beyond with their irrigation and water management needs, from pumps and filters to field materials.
Clearwater was founded in 2015 by Andrey Kaya, who will continue to lead the business under OVS.
The OVS team is excited and eager to welcome Andrey and the Clearwater Irrigation employees to the growing OVS team!

Four new leaders join Cargill's executive team, aligned to company's innovation strategy and customer priorities

Retrieved on:

Monday, February 28, 2022

They were selected for their expertise aligned to evolving customer and employee needs and their potential to drive the company's innovation and sustainability strategies around the world.

Key Points:

They were selected for their expertise aligned to evolving customer and employee needs and their potential to drive the company's innovation and sustainability strategies around the world.
"They all have the expertise and inclusive leadership approach to continue driving our organization forward as members of our executive team."
Jennifer Hartsockjoins Cargill and the company's executive team as its new Chief Information & Digital Officer (CIDO).
Hartsock served as Chief Information Officer and a member of the executive leadership team at Baker Hughes.

Black Farmer Equity initiative opens doors for farmers in key agriculture supply chains

Retrieved on:

Tuesday, February 22, 2022

WAYZATA, Minn., Feb. 22, 2022 /PRNewswire/ -- Cargill's Black Farmer Equity initiative was introduced one year ago to help address racial inequity in agriculture focusing on increasing participation, profitability and productivity of Black farmers, ranchers and growers.

Key Points:

WAYZATA, Minn., Feb. 22, 2022 /PRNewswire/ -- Cargill's Black Farmer Equity initiative was introduced one year ago to help address racial inequity in agriculture focusing on increasing participation, profitability and productivity of Black farmers, ranchers and growers.
These partners will work together to increase access to markets, capital, information and technology for Black farmers.
The initiative will continue increasing the number of Black producers in these supply chains, while adding others, including corn, yellow peas, poultry and soybeans, each year.
"Programs like Cargill's Black Farmer Equity Initiative provide new ways for Black producers to access markets and sell their livestock and crops.