Foreign-Owned Agricultural Land in the US Increases

From 2022 to 2023, there was a 1.58-million-acre increase in foreign-held agricultural land, according to Farm Bureau. In the US, 45.85 million acres of agricultural land were held by foreign investors in 2023, representing 3.61% of total privately held agricultural land, according to the USDA’s Agricultural Foreign Investment Disclosure Act (AFIDA) report which shows an upward trend of land ownership by foreign entities across the nation. 

Since 2010, reports of foreign-held agricultural land have increased. This expansion is 21 million acres, or an area larger than South Carolina...

Olymel Unveils New Brand Image

Canadian poultry and pork company Olymel announced a major rebranding, marking another milestone in the company's evolution.

Transformation objective

The main objective is to highlight the quality of Olymel products, while making the brand more visible, contemporary and attractive.

"In changing our brand image, we wanted to further highlight the quality of our products, already recognized internationally for their excellence. It was essential that this new corporate image reflects both our commitment to quality and the

new direction we've taken, while respecting the essence of what makes us who we are...

Olymel to Close Quebec Processing Facility Focused on Poultry

Canadian meat processor Olymel announced last Friday the definitive closure of its Saint-Jean-Sur-Richelieu plant as of 19 July.

The plant had mainly processed poultry products, although it also made a small number of pork products.

“This decision comes against a backdrop of falling production volumes, which has led the plant to operate at only 40% of its operational capacity,” explained the company. “A reorganization of production within the Olymel family will enable operations to be redeployed to neighbouring plants with residual capacity to handle these volumes.”...

ANALYSIS: Turkey Exports Tonnage: Greater Than What Meets the Eye

The turkey export figures were quite a sight to behold throughout the month of February. At 36.4 million pounds, total outward tonnage rose on a year-over-year (YoY) basis for the ninth consecutive month in a row. The most recent data gave way to a notable 46% advance from 2023. This was enough to position February’s closing figure at the highest seasonal level observed since 2021.

Total export value also realized a 20% uptick from the previous year. Although month-over-month (MoM) volume retreated by 0.07%...

USDA Under Secretary Alexis Taylor to Lead Historic Native Nations Agribusiness Trade Mission 

U.S. Department of Agriculture Under Secretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor will lead an historic agribusiness trade mission to Vancouver, British Columbia, Canada, from June 17-20, 2024. This USDA mission will be the first of its kind, specifically highlighting products made and produced by tribal agribusinesses.

USDA is excited the trade mission will highlight the reinvigoration of historic agricultural trade networks amongst Native Nations across the United States and Canada. Participants will be tribal producers with the Made/Produced by American Indians...

ANALYSIS: December Turkey Exports Leave Room For Interpretation

While Highly Pathogenic Avian Influenza (HPAI) has been slow to relinquish its ugly grasp on the turkey industry, December’s ending export figures didn’t deviate too far from the established seasonal course.

As 2023 came to a close, total outbound volume hit 42.1 million pounds. So what does this mean for market participants? Sentiment is highly dependent on one’s vantage point. On one hand, December’s export tally marks a significant 43.1% advance when compared to the year prior. On the opposite hand, it is important to bear in mind that 2022’s sweeping...