NEWS! Driscoll’s Takes Significant Stake in Costa Group. Consortium is led by Paine Schwartz Partners along with British Columbia Investment Management Corporation. As a critical strategic partner, Driscoll’s is part of an experienced North American based consortium led by Paine Schwartz Partners and including British Columbia Investment Management Corporation that has completed the purchase of Costa Group, Australia’s leading grower, packer and marketer of fresh fruit and vegetables. “We welcome the Costa Group into the Driscoll’s family and look forward to deepening our relationship with even more deliberate collaboration across the globe,” said Soren Bjorn, CEO of Driscoll’s. “This is one of the largest equity investments Driscoll’s has ever made, which speaks to the formidable partnership and considerable value we see in the Costa portfolio and the company’s long-term future and growth prospects.” Read the full release here: https://lnkd.in/gsT6SZeT
Driscoll's EMEA’s Post
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This will be informative. Did you know the most profitable vegetable growers are those with the highest input costs? Tune into this webinar to hear more about the learnings from Year 1..
WEBINAR 3 JULY 2PM AEST Vegetable and Onion Business Performance Benchmarking. The Level Up Hort program is a five-year initiative fully funded through Hort Innovation, providing specialised business consulting valued at up to $10,000 per year to vegetable and onion growers. https://lnkd.in/e6qfzJVV
Vegetable, onion growers at risk from rising labour costs
freshplaza.com
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Zespri International’s next big challenge: Kiwifruit growers’ low appetite for share ownership. Be sure to read the article discussing the challenges faced by the kiwifruit industry, particularly regarding growers' appetite for share ownership.
Zespri's next big challenge: Kiwifruit growers' sinking appetite for share ownership
nzherald.co.nz
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The Food & Agriculture Industry Report for Q4 2023 is now available. Catch up on what's happening in this sector's growing number of acquisitions. #FoodIndustry #Agriculture #IndustryTrends #Sustainability #MarketTrends #IndustryInsights #BusinessGrowth #Strategy2024 #quarterlyreport #mergersandacquisitions #investmentbanking #Q42023
Food & Agriculture Q4 2023
pcecompanies.com
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Anheuser-Busch is the first to adopt American Farmland Trust's U.S. Farmed certification. 'Anheuser-Busch is a proud supporter of North Dakota farmers, sourcing 23 percent of its barley from North Dakota across 250 grower partners. Anheuser-Busch has two local agriculture facilities in North Dakota, including Anheuser-Busch Barley Elevator (Sutton) and Anheuser-Busch Barley Elevator (West Fargo) and spends $700M on the highest-quality ingredients from American farmers each year. Consumers in North Dakota are empowered to purchase U.S. Farmed certified products to benefit U.S. farmers and invest in the future of domestic ingredient sourcing, helping to ensure a vibrant and thriving agricultural sector in America for generations to come. The U.S. Farmed seal will first appear on Anheuser-Busch's Busch Light this May, and Budweiser, Bud Light and Michelob ULTRA have also obtained U.S. Farmed certification.' https://hubs.li/Q02qVWr80
Choose Beer Grown Here: Anheuser-Busch is First to Adopt American Farmland Trust's U.S. Farmed Certification, Helping Shoppers in North Dakota Choose Products Made with U.S. Ingredients
prnewswire.com
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As the dust has settled on the closure of Thornloe Cheese by its owners, Gay Lea Foods, the real work can begin. There is a golden opportunity for the communities in Temiskaming to make a strategic investment in technology and infrastructure - areas where Gay Lea fell short. The long-term returns for community employment, sustainable agriculture, and brand value can't be ignored. I see plenty of synergies with organizations in and outside of Northern Ontario, like Northern Ontario Angels, Northern Ontario Exports Program, Destination Northern Ontario, Ontario Centre of Innovation, Northern Ontario Farm Innovation Alliance, Dairy Farmers of Canada | Les Producteurs laitiers du Canada, Dairy Farmers of Ontario, South Temiskaming Community Futures Development Corporation, Table of Impact Investment Practitioners, Fair Finance Fund, FCC / FAC, Restaurants Canada, University of Guelph, Canadian Worker Co-operative Federation / La Fédération canadienne des coopératives de travail and government to work towards a resolution. The lessons we learn from Thornloe have big implications for future agri-food enterprises across the North. https://lnkd.in/ge8nzzh2
Can Thornloe Cheese be saved again?
northernontariobusiness.com
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UPSIDE Foods aims to break ground on a commercial-scale cultivated meat facility in Glenview, Illinois, later this year that will become operational in 2025. Supported by a $140m investment from UPSIDE Foods — which has raised $608m since it was founded in late 2015 — the site will have an initial capacity of millions of pounds of meat and the potential to expand to over 30 million pounds. The new plant in Glenview — dubbed ‘Rubicon’ — will have a range of bioreactors going up to 100,000-liters, says COO Amy Chen. “The design basis for Rubicon when you think about the scale which we’re talking about, the unit economics look attractive. But a lot still has to happen, right? The supply chain has to be built around it, the cells need to be very productive, we need to have the media components and the ecosystem of suppliers to be able to scale not only to the 1,000s of pounds but to tens of millions of pounds, so a lot of the work that’s being done in the background is around building that ecosystem.” AgFunder #cultivatedmeat #foodtech #alternativeproteins
UPSIDE Foods to pump $140m into commercial-scale cultivated meat plant near Chicago
https://agfundernews.com
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It's unfortunate that the cultivated meat scene in SG is going through a grind. The Good Food Institute (GFI) is a global non-profit that advocates for alternatives to animal products. The GFI supported two studies on production of cultivated meat (CM). The first was a techno-economic analysis (TEA) published in 2021 (https://lnkd.in/gY3FPTqX). While current CM product costs are 100 to 10,000 higher than that for traditional meat products, steps could be taken to reduce the costs of production and use of medium ingredients, so as to make CM price-competitive with traditional meats by 2030. The study highlighted that the ROI for CM ventures needs to be set lower than commercial investments because it is capital intensive and risky. The second was a lifecycle assessment (LCA) that tapped on data from industry partners, including A*STAR, Singapore's government agency that spearheads applied research. This was published in early 2023 (https://lnkd.in/g_xkZMfk) with two notable findings. First, while cultivated meat requires significant energy for production, the carbon footprint can be lower than that for production of chicken, pork and beef if renewable energy is deployed. Second, cultivated meat requires significantly less land compared to the three types of meat (e.g. up to 90% reduction compared to beef). To sum up, turning CM into a food staple requires a) socially motivated investment, b) a grid that is green and will be greener over time, and c) significantly less space for production. It would appear that a), b) and c) dovetail into Singapore's 30 by 30 food strategy and national Green Plan. What we need now is sustained public funding for the CM startups to navigate the valley of death. Furthermore, the public sector can be an offtaker for some of the CM products. I've tried @Avant Meats' fish fillets and they're great. Why not have them as one of the menu options in our national servicemen's MRE rations? #cultivatedmeat #foodsecurity #sggreenplan
Mergers, closures, diversification: What is happening to S’pore’s cultivated meat sector?
straitstimes.com
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Strategic marketer | #BrandDefender | builder | thought leader | storyteller | volunteer | The Packer 25 Recognition
CEA is a HOT topic on many fronts.....call it Controlled Environment Agriculture or greenhouse grown (the OG), investment is staggering, growth can be exponential if managed properly, but in reality, the landscape is evolving rapidly and tough to keep up with. Even though the last year was challenging for many, our path forward at Pure Flavor® Farms saw significant acquisitions & expansions to fuel our growth. Top it off with international product awards for flavor and marketing campaign awards for communication strategies, we are certainly heading in the right direction. Our future is fresh friendly. #TeamPure “According to the FMI- The Food Industry Association 'Power of Produce' report, more than 3 in 10 shoppers believe they will purchase more value-added produce in the next year".... there is an opportunity here to increase that number with products that are grown year-round, sustainably. One-third also said that providing more fruit and vegetable snacking items is a good way retailers can help consumers increase fresh consumption. Our own research conducted during our #LoveForFresh campaign in spring 2023 supports this. Thank you to Christina Herrick for the opportunity to contribute to the article. Read the full article in The Packer - https://lnkd.in/gwuExzqv
CEA growers talk opportunities, challenges for 2024
thepacker.com
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Our deputy general director, Antonio Román, highlights how in the first part of the 2023/2024 fruit and vegetable campaign, Grupo Agroponiente has achieved outstanding results that reflect the success of its production and sales strategy. There was a 4% increase in both volume and turnover, compared to the same period of the previous year. Román highlighted the crucial role of growers and pointed out that the company has opted for internationalization in its production, supply and sales, which has given positive results in a short period of time. Grupo Agroponiente hopes to continue growing in the second part of the campaign, with optimistic projections for the company's international expansion. These results have returned Agroponiente to its leadership position in the sector. #AgroponienteLíder #MindfulAgriculture #WeKeepGrowing
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Elevating Berry Excellence: Red Cliff Farms Partners with RypLabs, the Berry Longevity Advisors. We are excited to share a groundbreaking development in our quest to deliver premium berries to markets across the Americas. Red Cliff Farms is partnering with RypLabs, the innovative minds behind StixFresh technology and true berry longevity advisors. This collaboration isn't just about preserving berries—it's about elevating the entire berry experience from farm to table. RypLabs' approach as Berry Longevity Advisors aligns perfectly with our commitment to quality and excellence. Key Highlights of our Partnership: 1. Enhanced Berry Quality: StixFresh technology doesn't just extend shelf life it maintains the premium quality of berries throughout their journey to consumers. 2. Tailored Longevity Solutions: RypLabs' advisory approach means customized solutions for different berry varieties and market needs. 3. Market Leadership: This partnership positions us at the forefront of berry quality enhancement, setting new industry standards. 4. Continuous Improvement: Exciting developments in application methods are underway, promising even greater advancements in berry longevity. As we delve into strategy sessions with RypLabs, it's clear we're not just improving berries—we're reimagining the entire berry value chain. This means consistently superior berries for consumers, extended market reach for growers, and improved inventory management for retailers. Red Cliff Farms' unique position as both growers and distributors, combined with our deep understanding of Latin American markets, makes us the ideal partner to bring RypLabs' berry longevity expertise to fruition across the Americas. We're thrilled to be at the forefront of this berry revolution. Stay tuned for more updates as we continue to push the boundaries of berry excellence. The future of berries is brighter, tastier, and longer-lasting than ever before.
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Specialized Technician in Agricultural Business Management / Horticultural Technician.
6moHuge deal 👏