Agriculture

Corn prices surge on news of shrinking supply
Corn prices surged 5 percent Thursday after the U.S. Agriculture Department said the nation's corn supply is shrinking.
SW Minn. plant to switch from ethanol production to isobutanol
Gevo will be the first company in the nation to make isobutanol from a renewable source. Its main advantage over ethanol is that it can be sold for more uses.
An Omaha-based company has completed a $55 million acquisition of an ethanol plant from Otter Tail Ag Enterprises near Fergus Falls, Minn.
A Minnesota farmer who's under investigation for distributing unpasteurized milk says he'll continue to do so, even if it means going to jail.
Budget-cutting fever puts ethanol subsidies at risk
As lawmakers look for places to cut spending, federal support for ethanol could become a tempting target. The U.S. Government Accountability Office says ethanol subsidies cost taxpayers billions of dollars and are not necessary.
Appeals court overturns sugar beet injunction
Environmental groups failed to show that seed plants for sugar beets genetically modified to withstand the popular weed killer Roundup would cause irreparable harm, a federal appeals court said Friday in overturning an injunction that called for the destruction of the plants.
Hedge funds are leading an exodus from agricultural markets, slashing bullish bets in the U.S. from almost the highest levels on record after grain prices slumped, money managers said.
Genetically modified plants grown from seeds engineered in labs now provide much of the food we eat. Most corn, soybean and cotton crops grown in the United States have been genetically modified to resist pesticides or insects, and corn and soy are common food ingredients.
USDA: Food prices to spike up to 4 pct. in 2011
Food prices are expected to rise as much as 4 percent this year, according to the U.S. Department of Agriculture. Meat prices will show some of the biggest gains.
Farmland boom provides bright spot for Midwest real estate
Farmers and investors across the Midwest are bidding up cropland at auctions like the one in Jefferson as commodity prices surge. Farmland values in the central U.S. increased the most in at least two years in the fourth quarter, the Federal Reserve Bank of Kansas City said yesterday.