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Agribusiness

EU approves Bayer takeover of Monsanto after concessions

Mar 21, 2018
Monsanto-vestiging in Enkhuizen, Netherlands
Karen Eliot / Wikipedia

BRUSSELS (AP) — The European Union has approved Bayer's buyout of Monsanto in a massive agriculture business deal, but says they will have to shed over $7.4 billion in firms and other remedies to ensure fair competition in the market.

Lawmakers are expected to begin work next month on the sweeping legislation known as the Farm Bill.  The bill covers dozens of nutrition, agricultural and rural policies that affect everyday life.

While discussions around the Farm Bill often focus on food stamps, the supplemental food program that assists millions of Americans, including about one in seven Arkansas residents, this year lawmakers are also concentrating on agricultural safety net programs for farmers.

A dispute is brewing between Arkansas’s rice industry and makers of other products over ownership of the word “rice” and the right to market foods as such.

“It is a grain, not a shape,” said Lauren Waldrip Ward with the Arkansas Rice Federation.

Ward and others are asking Arkansas’ federal delegation for some help in appealing to the Food and Drug Administration to restrict the use of the words "rice" and "riced" on products that do not contain grains.

Ward said rice is a significant sector of the Arkansas economy, with some 2,500 rice farms contributing billions to the state economy every year and supporting about 25,000 jobs, including many in the state’s most rural areas.

The Arkansas Plant Board has doubled down on its plan to ban Dicamba, the agricultural weed killer. The vote Wednesday was a slight rebuke of state Rep. Bill Sample (R-Hot Springs) and colleagues on a legislative subcommittee that last month asked the board to reconsider the ban, specifically the April 15 cutoff date for spraying Monsanto’s controversial herbicide.

Arkansas soybean farmers who rely on a chemical called Dicamba to kill weeds must stop using it during the growing season next year. That’s because it has allegedly been drifting to neighboring farms and killing crops.

On the eve of a major decision by the state over the controversial weed killer dicamba, tensions are running high in Arkansas’s farming communities.

“This is probably the most divisive the agricultural community has ever been,” said Shawn Peebles, an organic farmer in Augusta. 

Peebles said he hasn’t personally sustained damage from dicamba drift but he is experiencing issues with companies no longer wanting to do business with Arkansas growers due to concerns about residue from the weed killer.  

Wikipedia

ST. LOUIS (AP) — Monsanto Co. shareholders on Tuesday overwhelmingly approved a $57 billion merger with Bayer AG, a deal that would combine two of the world's biggest agricultural companies.

Preliminary results showed that 99 percent of all votes cast favored the merger announced in September, St. Louis-based Monsanto said. Shareholders will receive $128 per share in cash at the closing of the merger, which must still receive regulatory approval. Monsanto said the deal is expected to close by the end of 2017.

Monsanto shares rose 32 cents to $104.91 in midday trading.

The German pharmaceutical and chemical giant Bayer says it will buy U.S. seed seller Monsanto for $66 billion in an all-cash deal that will create the world's largest supplier of seeds and agricultural chemicals.

Jonesboro's Madison Gibson named Miss Arkansas Rice

Aug 29, 2016
Arkansas Farm Bureau

Madison Gibson of Jonesboro (Craighead County) was named 2016-17 Miss Arkansas Rice on Saturday at the Brinkley Convention Center. Gibson is a junior at Jonesboro High School and is the daughter of Scott and Karie Gibson.

Jonesboro Regional Chamber of Commerce targets specific sectors to lure job creators

Aug 3, 2016
Pixabay

The Jonesboro metro area has enjoyed historically low unemployment during the last two years, but city leaders knew wage stagnation was a problem, and there was a need to be proactive in creating new job opportunities.

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