Lower glyphosate prices hurt Bayer sales
Bayer Group, a pharmaceutical and consumer health goods giant and one of the world’s largest seed and ag chemical companies, said on Tuesday that its sales had fallen by 3.1 billion euros in 2023, with lower herbicide prices as a factor.
Common offer to lease farmland for solar panels: $1,000 an acre
More than half of large U.S. farmers say they have been offered at least $1,000 an acre during discussions about planting solar panels instead of crops on their land, said a Purdue University poll released on Tuesday. Bids have climbed rapidly since 2021, when the most common offer was less than $750 an acre.
TODAY’S QUICK HITS
Almond boom fades: The almond boom is losing its bloom in California, with market prices for the nut waning and almond acreage beginning to shrink. One large almond-growing conglomerate in the state recently filed for bankruptcy. (Los Angeles Times)
Targeting food additives: Legislators in New York filed companion bills to create a state-level ban on seven food additives, including red dye No. 3 and brominated vegetable oil, that they said were dangerous but not adequately monitored by the FDA. (Brooklyn Eagle)
Colorado River conservation plan: The Biden administration announced its backing for a plan to reduce water use in the Colorado River basin by 3 million acre-feet over the near term and said it would provide $670 million to support the effort. (The Hill)
