Food Manufacturing
Top stories summarized by our editors
3/27/2017

US consumers are expected to spend over $18 billion on candy, clothing and other items for Easter this year, 6% more than last year, according to a survey from the National Retail Federation.

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National Retail Federation
3/27/2017

PepsiCo is working with Block Six Analytics to determine how many impressions the brand's logos are garnering at the Dallas Cowboys' AT&T Stadium. Armed with the data that the two companies analyzed, PepsiCo was quickly able to determine the ROI value of the sponsorship.

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PepsiCo, Dallas Cowboys, AT&T Stadium
3/27/2017

Bain Capital Private Equity has agreed to buy Sealed Air Corp's food hygiene and cleaning unit, as well as its Diversey Care division, for approximately $3.2 billion. The newly-combined units will be known as New Diversey.

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Reuters, MarketWatch
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Bain Capital, Sealed Air
3/27/2017

Daily coffee consumption is on the rise, with some 62% of 3,000 surveyed consumers reporting that they drank coffee during the prior day, according to a report from the National Coffee Association USA. "More of us are drinking coffee, and younger consumers appear to be leading the charge," said NCA CEO Bill Murray, who added that gourmet brews are also behind the rise in consumption.

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Reuters
3/27/2017

Steuben Foods is rolling out its new line of nut milks in SIG Combibloc's combidome, a low-acid carton shaped like a bottle. "We're confident that by choosing combidome, we're setting ourselves up for clear differentiation in the milk alternatives segment," said Steuben Foods' Jeff Sokal.

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Steuben Foods, SIG Combibloc
3/27/2017

NCIS President Tom Zacharias emphasized the vital role of crop insurance in the economic health of farms and farmers when he spoke at the Agri-Pulse Farm Bill Summit, and showed optimism about support for crop insurance in the next farm bill. "We have an enormous task before us, but I believe a manageable one," he said.

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AgWired.com
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NCIS, Tom Zacharias
3/27/2017

Although 2017 is viewed optimistically by farmers who have kept expenses manageable and protected income through crop insurance, indebtedness issues and the inability to anticipate updates from President Donald Trump and Congress create uncertainty for the farming community, writes Iowa psychologist and farmer Mike Rosmann.

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Agweek
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Donald Trump, Congress
3/27/2017

In a deal anticipated to be finalized by April 3, Producers Ag Insurance Group will acquire International Ag Insurance Solutions of Iowa. "Together with International Ag, we will work through the details to provide a seamless transition for policyholders, agents and employees over the coming months," said ProAg Chief Operating Officer Kendall Jones.

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AgWeb.com
3/27/2017

Agriculture Secretary nominee Sonny Perdue pledged to advocate on behalf of farmers and referred to crop insurance as "vital" during his confirmation hearing before the Senate Agriculture Committee last week. "I look forward to working with you all as we continue, if I am confirmed, to make sure that the crop insurance program is sound and solid, and a good economic value," he said.

3/27/2017

Consistent support for farmers, improvements to commodity programs and a less invasive regulatory approach are all considerations needed as the 2018 farm bill is prepared, writes Rep. Kristi Noem, R-S.D. The USDA's role in agriculture policy is important in parallel to Congress, says Noem, who believes Agriculture Secretary nominee Sonny Perdue will have a positive impact on the industry.

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Agweek