A research report estimates that the market for sunflower seeds will grow 3.4% annually through 2025. The seeds are in demand as a snack, an ingredient and a source of edible oil, and demand from the baking industry is anticipated to rise more than 4%.
Archer Daniels Midland has agreed to purchase Ziegler Group, a German natural citrus flavor supplier. The acquisition, which is expected to be finalized in the second quarter, "will immediately position ADM for growth as a global leader in natural citrus ingredients," said ADM's Vince Macciocchi.
Procter & Gamble has partnered with TerraCycle to recycle all brands of razors, which the latter company will collect via mail and at drop-off locations. The blades, razors and packaging will be sterilized before being shredded and repurposed into items such as pet food bowls and park benches.
Dollar General has switched to self-distribution of fresh and frozen products, with 300 stores in the Northeast already receiving their stock from in-house sources. The company said it expects to have 5,000 stores in its in-house distribution network by early next year.
Coca-Cola Bottling Co. High Country recently recognized the veterans on its staff with limited-edition coins honoring their service to the country. The firm, which employs around 40 former service people, has a longstanding tradition of welcoming veterans and finding jobs that match the skill sets they gained in the military.
CPG sales can benefit from smart retail positioning, and retailers are partnering with technology companies to identify the best ways to organize store shelves and advertise to consumers. New technologies include virtual reality headsets to track shoppers' eye movements and digital in-store ads tailored to shopper's profiles.
Indiana farmers produce roughly $10 billion worth of agricultural products annually, according to the USDA. "If not for us, a lot wouldn't be happening. Some farmer had to grow it," said Matt Hayden, a grain farmer in the state.
Last year, over 90% of American farmland was covered by crop insurance, according to National Crop Insurance Services. "We must remember our purpose: To provide exceptional coverage and service to farmers and ranchers to help them do what they do best ... feed and clothe the world," NCIS Chairman Jim Korin said.
Rep. Michael McCaul, R-Texas, has introduced a bill that would make the initial $5,000 of 4-H Club or FFA projects exempt from taxes so students up to age 21 can retain more of their earnings. "Student agricultural projects encourage interest in fields of study that will provide the next generation of farmers, ranchers, food scientists, agricultural engineers, agronomists, horticulturalists and soil scientists," said American Farm Bureau Federation President Zippy Duvall of the proposal.
The number of locations under consideration for USDA's research units has gone down from from 136 to 67, Secretary Sonny Perdue said last week. The move is intended to facilitate closer interactions with customers and stakeholders, he said.