AGP Executive Report
Last update: 3 hours agoDairy Investment: Chobani’s planned $1.2 billion Pennsylvania facility is expected to create 900 jobs and process more than 3 billion pounds of milk a year, giving local dairy farmers a major new market. Farm Finance: U.S. farm debt has topped $605 billion, and USDA officials say growing use of supplier and other nontraditional credit may leave the total understated. Soybean Processing: CHS has broken ground on a $700 million Wisconsin plant designed to process 80 million bushels annually, expanding markets for growers and supply for food, feed and renewable fuels. Crop Relief: New Jersey farmers are seeking help after an April freeze caused an estimated $300 million in losses across 13 states; proposed legislation would fund recovery and develop better freeze insurance. Smallholder Support: Malaysia is considering a disaster and disease fund to help oil palm, rubber and pepper growers manage losses from extreme weather, pests and crop disease.
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