Supply Chain
Members of the United Auto Workers Union (UAW) approved a new six-year deal on Wednesday with a 61% vote. The new agreement includes a signing bonus, wage increases, as well as enhanced retirement options.
In an op-ed written by NCGA CEO Jon Doggett, he says fertilizer executives are bringing in climbing profits at the expense of farmers, referring to those fertilizer companies as the “Fertilizer Oligopoly.”
Tyson Foods Inc beat quarterly profit estimates on Monday and forecast fiscal 2022 revenue above market expectations on rising meat prices and improving demand from restaurants that reopened after COVID-19 restrictions.
“We’re going to do it differently. We’re going to choose active ingredients we haven’t used before. We’re going to do different kinds of production activities,” says Allan Gray at Purdue University.
Inflation levels are now at levels the U.S. hasn’t seen in three decades. The latest Consumer Price Index (CPI) showed a 6.2% spike over the past 12 months, the largest increase since 1990. Beef prices are up 20%.
The COVID-19 pandemic has exposed the fragility of global supply chains.
After months of negotiation, the House passed the $1.2T infrastructure Bill. With $550 billion in new spending, from roads and bridges to a boost to broadband, we look into what’s in the bill for agriculture.
Since May 2020, the national average retail prices of fuels have nearly doubled. So, what’s driving the increase in prices? John Phipps breaks down the reality of politics versus economics.
CF Industries said a shortage of nitrogen fertilizer means the world could see a reduction in global crop yields next year. With fertilizer prices continue to race higher, what’s the cure? Ag economists weigh in.
Ford Motor will require most of its 32,000-strong U.S. salaried workforce to be vaccinated by Dec. 8. The second largest U.S. automaker said on Wednesday more than 84% of U.S. salaried employees already are vaccinated.