Industry News | 09-26-2022

USDA’s $2.8 Billion for ‘Climate-Smart’ Agricultural Projects is a ‘Huge Step’ in Fighting Climate Change

In an effort to address climate change, the U.S. Department of Agriculture is investing in new revenue streams and research for farmers and other agriculture producers who embrace practices to improve soils and mitigate carbon emissions. The USDA’s $2.8 billion pilot program, Partnerships for Climate-Smart Commodities, selected 70 projects as part of its first round of funding in September. A second round will be announced later this year. USDA Secretary Tom Vilsack initially announced $1 billion for the program; that amount was nearly tripled based on the strength of the proposals received. Pilot projects aim to reduce methane emissions, improve soil quality and sequester carbon, as well as to create market opportunities for beef and bison ranchers who use sustainable grazing and land management practices.
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Supply Chain Slowly Returning to Balance

The head of supply chain for a leading crop protection manufacturer encourages growers to be proactive as the system comes back into balance. Cynthia Stanton with BASF says that means being realistic about input needs for 2023. “But then also partnering with both your customers and your suppliers because it’s going to be more important for that communication, and to think about what their needs are. And then make sure that they are partnering and communicating that and making sure that they’re aligned." She says the supply chain has been slow to recover following a cascade of disruptions.
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Merck Animal Health to Acquire Vence

Merck Animal Health has announced that it has signed a definitive agreement under which Merck Animal Health will acquire Vence from its founders and shareholders. Vence is an innovator in virtual fencing for rotational grazing and livestock management. The acquisition is expected to be completed in the third quarter of 2022, subject to customary closing conditions. Specific terms of the agreement were not disclosed. Vence, a privately held company, provides enhanced technology for producers and ranchers to track, monitor and manage the movement of cattle through a high-tech platform of virtual fencing solutions. Using a computer or smartphone, customers have the capability to manage cattle movement and facilitate rotational grazing.
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5 Ways to Make Sure Fall Calving isn’t a Train Wreck

Fall calving is mixed with fall harvest in my part of the United States. In my marriage there is a farmer and a rancher. Matt is the farmer. I’m the rancher. We both help wherever needed, but his passion is equipment and crops, mine is the cows. It works out because while he’s focusing on getting the crops in, I’m equally focused on a successful calving season. Here’s my top 5 tips to make fall calving successful — because we all know it can turn into a train wreck if you’re not careful!
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InnovaFeed Nabs $250M to Extend its Vertical Insect Farms to the US

InnovaFeed, a vertical insect farm operator that’s rearing insects for animal and plant nutrition, has raised $250 million in a series D round of funding. While countless companies are developing alternative and more sustainable ways for humans to get their protein fixes such as through lab-grown meat, others are tackling the underlying problem from a different angle by exploring new ways of fostering the traditional meat and fish populace through insect protein. InnovaFeed is one of several biotechnology companies to emerge with a focus specifically on harnessing insects and transforming them into nutrients for animals — this includes aquaculture (fish farming), poultry and swine, and pet food.
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