Agribusiness news

Here are some recent news articles and updates from the agribusiness industry:

Global Food Prices Rise

The Food and Agriculture Organization (FAO) of the United Nations has reported that global food prices have risen for the third consecutive month, driven by supply chain disruptions and weather-related events. The FAO Food Price Index (FFPI) averaged 124.6 points in March, up 2.5% from February. (Source: FAO)

US Farmers Face Uncertainty

US farmers are facing uncertainty due to the ongoing trade tensions with China, the COVID-19 pandemic, and unpredictable weather patterns. The US Department of Agriculture (USDA) has reported that farm income is expected to decline by 12% in 2023, the largest decline since 2016. (Source: USDA)

Sustainable Agriculture Gains Momentum

Sustainable agriculture practices are gaining momentum globally, driven by consumer demand for environmentally friendly and socially responsible food production. The global sustainable agriculture market is expected to reach $15.6 billion by 2025, growing at a CAGR of 12.5% from 2020 to 2025. (Source: Grand View Research)

Agricultural Technology (AgTech) Investments

AgTech investments have reached a record high, with $17.9 billion invested in the sector in 2020. The top areas of investment include precision agriculture, farm management, and livestock production. (Source: AgFunder)

Food Waste Reduction

The United Nations has launched a new initiative to reduce food waste globally, with the goal of cutting food waste in half by 2030. The initiative aims to reduce food waste throughout the supply chain, from production to consumption. (Source: UN News)

US-China Trade Deal

The US and China have reached a trade deal that includes agricultural products, with the US agreeing to reduce tariffs on Chinese goods and China agreeing to increase purchases of US agricultural products. The deal is expected to benefit US farmers and ranchers. (Source: USDA)

Climate Change and Agriculture

Climate change is having a significant impact on agriculture, with rising temperatures, changing precipitation patterns, and increased frequency of extreme weather events affecting crop yields and food security. The Intergovernmental Panel on Climate Change (IPCC) has reported that climate change is likely to reduce global food production by up to 2% by 2050. (Source: IPCC)

Agricultural Labor Shortages

Agricultural labor shortages are becoming increasingly common in many countries, driven by demographic changes, automation, and immigration policies. The US, for example, is facing a shortage of over 50,000 farmworkers, with many farmers relying on temporary workers and automation to fill the gap. (Source: USDA)

These are just a few of the latest news articles and updates from the agribusiness industry. If you have any specific topics or regions you'd like to know more about, feel free to ask!