ARVILLA, N.D. — Farmers stuck with low-priced soybeans and edible beans due to trade war tariff retaliation are looking for places to store a big crop until marketing returns to normal — perhaps six months away. One company, Columbia Grain International LLC at Arvilla and Larimore, N.D., has leased two large flat storage buildings 21 miles away near Grand Forks to store edible beans and soybeans for delayed-price marketing. Soybean dilemma
BALATON, Minn. — A crowd of more than 400 community well-wishers gathered Aug. 22 for what promoters bill as the launch and celebration of a new livestock industry — shrimp — that could make southwest Minnesota the center of a surf-on-the-turf revolution. Entrepreneur leaders of trū® Shrimp Company commissioned their Balaton Bay Reef Training and Innovation Center. The 12,000-square-foot building has been under construction for 11 months and will start growing shrimp this September.
RICHARDTON, N.D. — Stone Mill LLC seems to be an island of prosperity amid the stormy seas of agricultural commodity prices and trade woes. The Richardton food manufacturer is in what the food industry is called the "whole, clean" ingredient market. That market has been exploding in recent years due to perceived health benefits. The company produces organic and non-GMO flaxseed (brown and yellow), garbanzo beans (chickpeas), lentils, quinoa, chia and radish seed.
RICHARDTON, N.D. — Now more than ever, farmers who believe in the future of ethanol need to speak up for it, says Gerald Bachmeier, president of the North Dakota Ethanol Producers Association. Bachmeier, who also serves as chief executive officer of Red Trail Energy LLC, in Richardton, says there are several key policy goals in play: • First is to ensure compliance and continuance to the Renewable Fuel Standard. The RFS sets the Renewable Volume Obligations — the targets for each refiner or importer of petroleum-based gasoline or diesel fuel, Bachmeier says.
FARGO — Farmers in soybean production areas in the Upper Midwest have been nervous about proposed tariff increases on soy exports to China for several weeks, and some may have sold more beans earlier as a counter-move. If lower prices result in the long run, it would further weaken financial situations for farmers who have been hit financially by three straight years of commodity price declines, some experts said.
PRIOR LAKE, Minn. — Directors of Minnesota cooperative grain elevators are the "guardians" of those business and must be keenly aware of marketing risks and policies, especially when markets are volatile and farm-customers are facing cash flow problems. John Christianson of Christianson PLLP at Willmar, Minn., was one of the speakers on March 7 at the 111th Minnesota Grain & Feed annual meeting and trade show at the Mystic Lake Casino Hotel in Prior Lake.