McKinsey - Resource revolution: Tracking global commodity markets [Executive Summary] < 5min

It may be tempting to view recent declines in commodity prices as the end of the resource “supercycle”—the period of sharp price rises and heightened volatility since the turn of the 21st century. Yet rumors of the supercycle’s death are greatly exaggerated. Despite recent falls, commodity prices are still near their levels of early to mid-2008, just before the global financial crisis hit. (To track the movements in commodity prices over time, see the interactive, “MGI’s Commodity Price Index—an interactive tool.”) At a time when the world economy remains below full power, this phenomenon is striking, and a sign that the supercycle is alive and well. … We believe that resource markets will be shaped in coming years by a race between emerging-market demand and the resulting need to increase supply from a more challenging geology and the twin forces of supply-side innovation and resource productivity. Innovations such as the use of 3-D and 4-D seismic technologies for energy exploration can improve access to resources. Productivity gains can reduce the wastage of food and water and make buildings more energy efficient. The question is whether technology and resource productivity can improve fast enough to counter the impact of emerging-market demand and a more challenging geology. … The race is on.
1. The changing resource landscape
2. Energy: The race between technology and geology
3. Metals: The looming supply challenge
4. Agriculture: Falling yield growth hits prices

Bloomberg - How Driscoll’s Is Hacking the Strawberry of the Future 5-15min

The company is determined to breed the perfect strawberry ... Strawberries grow almost everywhere in the world, though nowhere as bounteously as they do along this particular stretch of the California coast, about 95 miles south of San Francisco, where the Pajaro River empties into Monterey Bay. The Spanish explorer Sebastián Vizcaíno, anchoring nearby in 1602, found wild strawberries in December, which was unheard of in Europe. Explorers to other parts of the New World also discovered strawberries with marvelous advantages in color, size, and flavor, and took botanical specimens home. Two of these crossed to yield the modern strawberry, Fragaria x ananassa, in the 18th century. ... Today, California produces almost 29 percent of the world’s strawberries—$2.6 billion worth—a lot of that from the 14,200 acres of fields that surround Watsonville and neighboring Salinas. ... Yield per acre in California has increased almost fivefold since the 1950s. ... The state’s strawberry acreage has dropped about 4,000 acres in the past two years, a decrease of 11 percent, as some growers have abandoned the fruit. ... Driscoll’s breeding program predates the company itself. In 1944 a group of strawberry farmers founded the Strawberry Institute of California, dedicated to the development of new and better varieties. Driscoll Strawberry Associates, formed as a grower’s cooperative in 1953, merged with the institute in 1966, and got out of physical farming. Since then, the company has focused on the two ends of the supply chain. ... Driscoll’s has a staff of 30 scientists devoted solely to strawberries, manipulating evolution at nine research stations in Watsonville, Southern California, Florida, Spain, Mexico, and the U.K. The company provides seedling plants to contracted growers. Then, when the growers harvest the berries, Driscoll’s packs, ships, and markets them to retailers. The growers get 85 percent of the revenue; Driscoll’s keeps the rest.

Bloomberg - For $725 Million, You Can Buy a Texas Ranch That's the Size of a Small Nation 5-15min

FOR SALE: Largest ranch in the U.S. within a single fence. Texas fixer-upper with more than 1,000 oil wells; 6,800 head of cattle; 500 quarter horses; 30,000 acres of cropland; tombstones for legendary cowboys, long-dead dogs, and a horse buried standing up. Favorite of Will Rogers and Teddy Roosevelt. Colorful history of drinking and divorce. Fifteen-minute drive to rib-eyes at the Rusty Spur in Vernon. Ideal for Saudi oil sheiks, billionaire hedge funders, and dot-commers who can tell a cow from a steer. Profitable. Zero debt. Property taxes only $800,000 a year. Price: $725 million.

New Republic - Corn Wars 5-15min

The farm-by-farm fight between China and the United States to dominate the global food supply. ... If China hopes to feed (and pacify) its growing population while also loosening the very real stranglehold that America has on its national food supply, its farmers have to start producing a lot more corn—not just enough to meet their domestic demand in good years but enough to maintain a stockpile to offset their global market impact during bad ones. For decades, China has increased corn yields by putting more acres into production, but they’re running out of arable land, and the USDA now estimates that Chinese corn consumption will rise by 41 percent by 2023, far outpacing production increases. The only tenable way for China to meet its own demand, then, is by planting high-performance hybrids, which can single-handedly double or potentially even triple per-acre corn production. Chinese scientists haven’t developed a significant corn hybrid in years. But Monsanto and DuPont Pioneer, the two American seed giants, have produced so many successful hybrids that they now control 45 percent of all the seed sold in the world. ... The Department of Justice maintains that China is quietly permitting and even encouraging companies to steal American agricultural secrets right out of the ground. Acquiring the technology behind these next-generation hybrids could save companies like DBN Group—and the country—as much as a decade, and many millions of dollars, in research.

New York Magazine - The Blight of the Honey Bee 5-15min

The American honeybee is in peril, you might have heard, if you are the sort of person who likes a ghost story. In the last year, beekeepers lost 42 percent of their colonies, another peak in a string of mass die-offs on the scale of plagues: In the last five years, die-offs have hit 34 percent, 46 percent, 29 percent, and 36 percent. That’s more than one in every three colonies each year — whole impeccably networked societies, as big as small cities. In many areas, the figures were worse, and it was hard not to wonder how a species in crisis could possibly sustain annual regional losses as high as 60 percent without fast approaching extinction. ... We’ve been panicking about them nonstop since 2006, when beekeeper Dave Hackenberg inspected 2,400 hives wintering in Florida and found 400 of them abandoned — totally empty. American beekeepers had experienced dramatic die-offs before, as recently as the previous winter in California and in regular bouts with a deadly bug called the varroa mite since the 1980s. But those die-offs would at least produce bodies pathologists could study. Here, the bees had just disappeared. ... Pollination sounds sweet, but the process is not natural in the way we might like to think: bees happily flitting about the countryside from one plant to the next. Honeybees are not even native to North America. They were brought here to work, then bred to work more; first to make honey, then, beginning about 50 years ago, to pollinate our crops. They live, almost exclusively, in what are called managed colonies, in hives we’ve built for them so that we might transport them around the country to industrial farms that need them for pollination. Really, they are livestock. ... We also know that colony-collapse disorder, the thing that kicked off bee panic in the first place, isn’t actually even happening anymore.

Bloomberg - A Few California Farmers Have Lots of Water. Can They Keep It? 5-15min

A handful of landowners—about 500 farms in all—control the rights to 3.1 million acre-feet a year from the Colorado River. That’s equal to about a third of the water used by California’s cities, with 37 million people, where a four-year drought means neighbors report you if your lawn is green. Or, to measure another way, it’s half again as much water as Governor Jerry Brown aims to save under his April executive order, which set a February 2016 deadline for a 25 percent reduction in urban use. An acre-foot is about 326,000 gallons (1.2 million liters) and can supply the household needs of about 10 people for a year, though actual water use rates vary widely. ... Imperial Valley farmers know their water is precious and understand that to preserve a way of life that runs back a century they have to grapple with the needs of a drought-stricken state. Politicians, regulators, and lawyers have squeezed the valley before to get at its water. In 2003, the Imperial Irrigation District, under pressure from Senator Dianne Feinstein and other federal and state officials, controversially agreed to sell as much as 280,000 acre-feet a year to San Diego. Farmers here still discuss that episode at length, and emotions are still raw, because they believe similar water transfers are likely in the valley’s future. ... “People think transferring water out of the valley is a great sin,” he says. “Wasting water can be an even greater sin.” The neatly prepared field he’s inspecting is perfectly level—he uses lasers to make sure—and slightly lower than adjacent sections so water moves by gravity at an optimal speed. ... The most basic principle governing water use in the western U.S. is this: first in time, first in right. That’s why Imperial Valley farmers have so much water. They arrived early, building the first canal to withdraw Colorado River water and ship it to the valley in 1901. ... More than half the people who own land in the valley today live elsewhere.

BuzzFeed - The Man Who’s Trying To Build A Better Apple 5-15min

This apple had been carefully grown somewhere in Washington state, the result of millions of dollars and two decades of labor. Break apart its unremarkable surface to reveal its flesh, wait long enough, and you’ll see what’s different: It remains pure white. It doesn’t start to brown right after you take a bite and leave it on the kitchen counter. In fact, it doesn’t start to brown until it molds or rots. It doesn’t bruise, either. Through a feat of genetic engineering, Carter’s apples hold on indefinitely to the pearly-white insides that inspired their name — the Arctic. ... The Arctic was conceived by Carter’s company, Okanagan Specialty Fruits, which he runs with his wife, Louisa, and four other full-time employees, newly under the umbrella of a large biotech company that bought it this year. It’s an intended solution to what Carter sees as two interrelated problems: First, millions of pounds of perfectly good apples get dumped every year because they look a little too bruised or brown, the victims of an instinctive human aversion to fruits and vegetables that aren’t smooth, shiny, and symmetrical. And at the same time, North American consumers, accustomed to 100-calorie packs and grab-and-go everything, have developed an impatience for food that can’t be quickly eaten. ... Taken together, these two trends mean that while apple consumption has flatlined in the United States for decades, a staggering amount of apples go wasted. ... Apples in particular have been transformed dramatically by commercial cultivation and serendipitous acts of nature over the last two millennia. The apples grocery store shoppers pluck off shelves in 2015 are vastly different from the ones first discovered in Kazakhstan, or even the ones grown by Johnny Appleseed in the 19th century. ... A study in the Journal of Consumer Affairs estimated that $15 billion in fresh and processed fruit was lost from the U.S. food supply in 2008 — about $9 billion at the consumer level and the rest at the retail level.

Wall Street Journal - Tastes Like Chicken: How to Satisfy the World’s Surging Appetite for Meat 5-15min

The race is on to breed better birds as chicken emerges as the protein of the masses ... Unlike the roughly 60 billion chickens world-wide now slaughtered for meat each year, these birds are raised for their DNA. Paul Siegel, professor emeritus of animal and poultry sciences, studies how their genes influence the way they pack on pounds and fight off disease. The research helps companies seeking to breed chickens that will grow faster on less feed and require fewer drugs to stay healthy. ... Food producers face a monumental task. At current consumption rates, the world would need to generate 455 million metric tons of meat annually by 2050, when the global population is expected to reach 9.7 billion, from 7.3 billion today. Given today’s agricultural productivity, growing the crops to feed all of that poultry, beef and other livestock would require every acre of the planet’s cropland, according to research firm FarmEcon LLC—leaving no room for raising the grains, fruits and vegetables that humans also need. ... Chicken’s rise already is changing time-honored habits. In Argentina, where grass-fed beef has long been central to daily life, per-capita poultry consumption is projected to climb 7.5% this year to a record level, while beef consumption is expected to decline 6.3%. Even in pork-loving China, the government has subsidized large-scale poultry farms and breeding operations over the past decade to increase output.

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Forbes - America's Nuttiest Billionaire Couple: Amid Drought, Stewart And Lynda Resnick Are Richer Than Ever 5-15min

Here there are rows upon rows of green–some 70,000 lush acres of water-hungry pistachio and almond trees. ... Their oasis has plenty of water, the result of relentless opportunism that has given their orchards access to more water than nearly any other farm during the worst drought on record in California’s history. The Resnicks use at least 120 billion gallons a year, two-thirds on nuts, enough to supply San Francisco’s 852,000 residents for a decade. They own a majority stake in the Kern Water Bank, one of California’s largest underground water storage facilities, which they got fairly but sagely from the government 20 years ago. It is capable of storing 500 billion gallons of water. They have also spent at least $35 million in recent years buying up more water from nearby districts to replenish their supplies. ... their company, renamed Wonderful in June, owns 32,000 acres of California citrus, flower-delivery service Teleflora, POM Wonderful pomegranate juice and Fiji Water, which collectively brought in $3.8 billion in sales last year. ... The Resnicks met in 1970 when Stewart came looking for marketing help for the janitorial business. He led her on, and after several meetings she bluntly asked whether she was going to get the account or not. Also divorced with children, he told her that he wanted to start a relationship instead. They married and in 1979 bought Teleflora, a failing flower-delivery service. ... Stewart bought his first parcel of farmland in California’s central valley in 1978 as a hedge against inflation. Lynda then took the fruits and nuts of their labor and marketed the heck out of them.

The New York Times - A New Chapter for Saffron < 5min

It is often said that saffron is worth its weight in gold because it is so difficult and labor-intensive to cultivate and harvest. For several weeks every fall, the crocus sativus flower blooms. ... At that moment, saffron producers throw themselves into the harvest. They pick the flowers early in the morning, and on the same day gently tease the bright red, three-filament stigma from each flower and dry them. It takes about 150,000 flowers to produce a kilogram (2.2 pounds) of saffron. ... Little wonder, then, that the precious powder has spawned a trade rife with the kind of deceptions and distortions typical of traffic in gems or illicit drugs: cheap substitutes, diluted shipments, false labeling. ... The turbulence in the saffron market has intensified. The much-anticipated lifting of international financial sanctions against Iran after the nuclear accord last spring has led to brisk saffron speculation inside Iran. (Saffron is several times cheaper here than in Europe, where the retail price can soar to 20,000 euros a kilogram, or about $10,000 a pound).

Priceonomics - The Guinness Brewer Who Revolutionized Statistics < 5min

Guinness brewer William S. Gosset’s work is responsible for inspiring the concept of statistical significance, industrial quality control, efficient design of experiments and, not least of all, consistently great tasting beer. ... Because he used a pseudonym, his name isn’t even familiar to most people who frequently use his most famous discovery. Gosset is the “student” of the Student’s T-Test, a method for interpreting what can be extrapolated from a small sample of data. ... Born in 1876 in Canterbury, England, Gosset entered a world of enormous privilege. His father was a Colonel in the Royal Engineers, and though he intended to follow in his footsteps, he was unable to due to bad eyesight. Instead, Gosset attended the prestigious Winchester College, and then Oxford, where he studied mathematics and natural sciences. Soon after graduating from Oxford, in 1899, Gosset joined the Guinness brewery in Dublin, Ireland, as an experimental brewer.

Bloomberg - Is American Olive Oil About to Have Its Moment? 5-15min

The company’s 2,200-acre orchard, an hour north of Sacramento, is an industrial marvel. The 1.3 million trees there are more like bushes, 6 to 10 feet tall and planted in neat, tight rows. The density lets a two-story mechanical harvester straddle the trees and strip away the olives to a conveyor that drops them into a truck, which delivers them to an on-site mill that can press 3,200 gallons of oil an hour. No olive is touched by hand. California Olive Ranch, a privately held company, estimates it accounted for 65 percent of the olive oil produced in the U.S. in 2015. ... Gregory Kelley, chief executive officer of California Olive Ranch, says it’s the mainstream sellers that need to defend the quality of their products. Europeans, he says, have long sold their dregs to unsophisticated Americans, like jug winemakers did in the 1970s. In a strategy said to be either self-defeating or brilliant, depending on who’s talking, Kelley often rails about what he calls the olive industry’s dirty secrets. He says much of the so-called extra-virgin oil sold in the U.S. is of unreliable provenance: adulterated with cheaper oils, processed with excessive heat that strips out healthful properties, or flawed by sloppy harvesting that can cause fermented or rancid-tasting oil.

The Atlantic - The Facebook-Loving Farmers of Myanmar 5-15min

Until recently the military junta had imposed artificial caps on access to smartphones and SIM cards. Many of the farmers we spoke with had never owned a smartphone before. The villages were often without running water or electricity, but they buzzed with newly minted cell towers and strong 3G signals. For them, everything networked was new. ... Almost all of the farmers we spoke with were Facebook users. None had heard of Twitter. How they used Facebook was not dissimilar to how many of us in the West see and think of Twitter: as a source of news, a place where you can follow your interests. The majority, however, didn’t see the social platform as a place to be particularly social or to connect with and stay up to date on comings and goings within their villages. ... What follows are a series of diary entries and notes culled from our interviews. The interview teams were composed of three or four people: a translator, a photographer, a notetaker, and sometimes a facilitator. ... Everyone is data sensitive he says and reiterates: Facebook. Nobody needs a special app for their interests. Just search for your interest on Facebook. Facebook is the Internet. ... Everyone installs apps using Zapya, an app-sharing app. Makes a local network. Everyone nearby connects to it. Allows groups to send data—apps, videos, music—back and forth without using bandwidth. ... there is no incumbent electric giant monopolizing rural areas to fight against solar, there is no incumbent bank which will lobby against bitcoin, there are no expectations about how a computer should work, how a digital book should feel. There is only hunger and curiosity. ... They don’t have email addresses and so often don’t know their logins. If they get logged out they have someone—often the village Facebook guru—make them a new account. “Friends” on Facebook are friends only because the application calls them friends in the interface.

California Sunday Magazine - The Big Cow Con 5-15min

The women, it turned out, didn’t even catch the worst of the damage Arno Smit wrought in the Central Valley. He arrived in the late ’90s — boom times for the California dairy industry. Business had dried up by the time Arno disappeared in 2009, but by then he’d made off with an estimated $12 million from local dairymen he’d duped in a massive fraud. Locals were so embarrassed about how badly they’d been taken by Arno Smit that, for a time, most of them didn’t speak about it, even to one another. Their sheepishness meant the extent of his fraudulent activity in the Central Valley wasn’t fully appreciated until after he’d left — until an investigator named Rocky Pipkin came along. ... The scale and scope of the crimes vary. Honey embezzlement. Almond heists. One time, Rocky and his agents spent months on a sting operation to expose an elaborate organic fertilizer fraud. That case involved a decoy plant where the crooks pretended to make organic fertilizer with fish meal and bird guano; a second plant, fortified by walls of wooden pallets stacked 40 feet high, where they actually made the product with chemicals; and an intricate underground pumping system that would clandestinely fill the “organic” tanks with the conventionally made fertilizer.

GMO - Part I: The Real American Exceptionalism & Part II: 2015 and 2016, U.S. Equity Bubble Update, and Yet More on Oil > 15min

Part I: I would like to examine two areas where the U.S. really does have documentable advantages. They are both incredibly important, one especially for good times with thriving capitalism and the other as a protection against possible bad times in the future that I for one fear ... In a world in which most things continue to work well, or at least well enough, the U.S. has the advantage of simply being more entrepreneurial. More of us risk starting new enterprises than do others in developed countries. ... You can even be associated with several bankruptcies and still be a strong-running candidate for President! How unlikely that would be anywhere else. And if three times more of us charge at the Internet, medical research, or social enterprises than in other countries, then we do not have to be better. ... The list of our advantages in Canamerica, as we could call it, is a very long one. First, we are uniquely defensible and difficult to attack. We are well-armed and well-organized. Less obviously, perhaps, we are more than self-sufficient in food production, energy, and mineable resources.
Part II: The positive effects of low resource prices are underestimated. The U.S. and global economies are likely to do significantly better this year than recent opinions predict. The U.S. has plenty of spare capacity to grow above its longer-term limits. The biggest risk would be China’s GDP becoming much more disappointing. ... The U.S. and global markets do not look like they are in bubble territory. They can always suffer a regular bear market (and are almost in one now). But I still believe we will have to wait longer for the BIG ONE and that global equity markets will regroup once more. ... Currently ultra-low resource prices are not sustainable, particularly those of grains and oil. Oil producers need $65/barrel and rising to finance new oil exploration. Resource prices will inevitably rise and as they do they will reduce once again the growth rates of the global economy.

ProPublica - Liquid Assets 5-15min

Since 1960, tens of millions of people have migrated toward the Pacific, settling in Las Vegas and Tempe and Boulder. Denver has tripled in size. Phoenix, having added some 3.6 million people, has more than quintupled. Today, one in eight Americans depends on water from the Colorado River system, and about 15 percent of the nation’s crops are grown with it. ... the demands on the river were never sustainable. In 1922, the seven states in the Colorado River watershed signed a compact dividing its water. With little historical data, they calculated the river’s capacity after a decade of unusually wet conditions. ... Since the current drought began, in 2000, that shortfall has averaged 25 percent. Instead of adjusting their allotments, states have drawn down the nation’s largest reservoirs, which are quickly draining. Even this winter’s El Niño weather pattern won’t bring enough rain to restore the region’s supply ... To determine who gets water and who doesn’t, states rely on a system that originated more than 150 years ago—when water was plentiful and people were scarce. ... “prior appropriation,” which promised rights to use a share of water based on who got there first. ... Prior appropriation became the foundation of western water law, and it established order in the West. Today, though, state water laws are largely to blame for the crippling shortages. Because water rights were divvied up at a time when few cities existed west of the Mississippi, some 80 percent of the region’s water goes to farmers, leaving insufficient supplies for growing cities and industries. And farmers must put all their water to “beneficial use” or risk losing their allotment—a rule that was originally intended to prevent hoarding but that today can encourage waste. Many farmers have not adopted modern technology that can cut water use by up to 50 percent, in part because they need to protect their water rights. ... Allowing people to buy and sell water rights is a more expedient way to redistribute the West’s water, he argues. Waste would be discouraged, water would shift to where it’s needed most, and farmers would be compensated. ... The West would have plenty of water if people used it more wisely: Most of the region’s supply goes to growing low-value, water-intensive crops such as hay and alfalfa—in many cases in the desert.

Financial Times - Ethiopia: The billionaire’s farm > 15min

Saudi Star’s proprietor, a Saudi-Ethiopian tycoon named Mohammed al-Amoudi, has spent more than $200m turning a swath of bush into a farm the size of 20,000 soccer pitches. That puts the sheikh, as he is known, in the vanguard of the global land rush. ... As the populations of better-off nations move to cities in ever greater numbers, the gap between the amount they grow and the amount they eat widens. Agricultural trade has long filled this gap. But a price shock in 2007, when staple crop prices doubled in a few months, demonstrated that global markets for food can break down. Then the financial crisis created demand for investments that were not linked to volatile equities and bonds. Governments, multinational companies and institutional funds started to pour millions, then billions, into other countries’ land. ... From Southeast Asia to Latin America and sub-Saharan Africa, investors are seeking to profit not simply by trading the fruits of the earth — the rice and the coffee, the oil and the gold — but by controlling the land itself. ... This is a nation of smallholders: 85 per cent of employment is in agriculture and 95 per cent of all agricultural produce comes from small farms, typically the size of a couple of football pitches. ... Of that, 80 per cent is consumed by the households that produce it; only 20 per cent is sold. These farmers rely on their hands, some rudimentary tools and the fickle rains.

Bloomberg - Chocolate: Can Science Save the World's Most Endangered Treat? 5-15min

Mark your calendar: January 1, 2020. ... As this future year unfolds, the gap between how much cocoa the world wants to consume and how much it can produce will swell to 1 million metric tons, according to Mars Inc. and Barry Callebaut AG, the world’s largest chocolate maker. By 2030, the predicted shortfall will grow to 2 million tons. And so on. ... Because of disease, drought, rapacious new markets and the displacement of cacao by more-productive crops such as corn and rubber, demand is expected to outstrip supply by an additional 1 million tons every decade for the foreseeable future. Here, now, as you read these words, the world is running out of chocolate ... Last year, we again consumed more cocoa than we were able to produce. This year, despite an unexpected bumper crop, supply barely kept pace with the recent upswing in demand. From 1993 to 2007, the price of cocoa averaged $1,465 a ton; during the subsequent six years, the average was $2,736 -- an 87 percent increase. ... The world’s most universally delectable treat has begun a journey from being very loved and very common, like beer, to being very loved and a good deal less common, like Bordeaux. Unfortunately, that is the least of the confection’s problems. ... Efforts are under way to make chocolate cheap and abundant -- in the process inadvertently rendering it as tasteless as today’s store-bought tomatoes, yet another food, along with chicken and strawberries, that went from flavorful to forgettable on the road to plenitude.

The New York Times - The Looming Threat of Avian Flu 5-15min

It has been a year since the bird flu tore through the Midwest: enough time for decimated farms to cash their indemnity checks and begin buying replacement birds; for the wholesale price of eggs, which doubled, to slide back to normal; for national awareness of the outbreak, the worst animal-disease epidemic in United States history, to dissipate. But among the poultry farmers who endured the flu, and others watching elsewhere in the country, there is a pervasive uneasiness, because after a year of scrutiny, federal and academic scientists still cannot say for sure how their properties became infected. Despite their own efforts to harden their defenses, and new federal plans to help them, it is possible that poultry farmers are not equipped for the flu to return among the United States’ billions of chickens; and that ranchers and pork producers might be equally unprepared if an unfamiliar disease detonated among the country’s 92 million beef and dairy cattle or 68 million pigs. Planning for epidemics, animal or human, is to a large extent based on what a disease did the last time. It is much more difficult to predict what a disease will do next. ... Naturally occurring epidemics might be as dangerous as maliciously introduced ones; and diseases in plants and animals could undermine national security as seriously as human epidemics would. ... A study done in July estimated that the flu cost the United States $2.6 billion in lost sales, almost $400 million in forgone taxes and 15,693 jobs. But as devastating as the losses were to Iowa, Minnesota and other states, their 50 million turkeys and hens represented a small portion of the poultry industry. The largest concentrations of chickens in the United States — Georgia, which raises 1.3 billion broilers a year, and the Delmarva Peninsula, where the broiler business began in the 1920s — lie under another migration route that ducks take over the Americas. If the flu were to land in those areas and spread the way it did in the Midwest, much of the United States poultry industry would be in jeopardy: almost nine billion birds, 90 billion eggs, more than $40 billion in earnings, 1.3 million jobs.

Oxford American - Ride Along With The Cow Police < 5min

Cattle rustling, signature crime of the Old West, has returned to Texas. Rates of cattle theft in the state have risen fivefold in less than a decade. The thefts take many forms. Some resemble the Alvarado case, in which cattle are carried off and sold to a third party. Other times, rustlers will shoot and field strip the animals, then sell their meat to an unscrupulous abattoir. There also exist white-collar variants, whereby cattle are acquired fraudulently or invested in byzantine Ponzi schemes. ... Lawmen and rustlers now find themselves reenacting a centuries-old drama, one central to the creation myth of the American frontier. If the cowboy was the great American folk hero, the cattle rustler was his villainous twin. They were both lone figures seeking their fortune in the hinterlands, unbound by government or caste. But the rustler lacked an essential sense of nobility and fair play—he stole what the cowboy earned. ... In Texas, when a cow or bull is reported stolen, the case is assigned to one of twenty-seven men, the employees of a trade group called the Texas and Southwestern Cattle Raisers Association. The TSCRA traces its origins to 1877, when forty ranchers, plagued by rustlers, gathered outside the courthouse in Graham and pooled their money to hire men with guns to protect their herds. The group now serves more than 17,000 businesses and ranching families who collectively manage 4 million head of cattle on 76 million acres of range and pastureland.

Fortune - Can Monsanto Save The Planet? 5-15min

Let us say it plainly: Monsanto is almost surely the most vilified company on the planet. To its diehard critics it embodies all that is wrong with big, industrial agriculture—the corporatization of farming, the decline of smallholders, the excessive use of chemicals, a lack of transparency, and, of course, the big one: the entry of genetically modified organisms into our food supply. The tri-letter acronym GMO has become a four-letter word to millions of people, from earnest middle-schoolers to purist Whole Foods shoppers. ... The United Nations’ Food and Agriculture Organization estimates that we must double the current level of food production to adequately feed a population predicted to hit 9.7 billion by 2050—and we’ll have to do it on less land (much of it scarce of water), using fewer resources. ... Historically, Monsanto has tried to increase farm yields through advancements in seed technology alone. Grant calls this “hubris”: “Twenty years ago,” he says, “we thought biotech was going to be the panacea.” In the past half-decade the company has begun to look beyond seed for answers. ... Breeding better seed has contributed to a more than 1% annual increase in corn yields, experts say. Biologists, for instance, have created corn plants that can be clustered closer together, meaning there can be more stalks per acre. Still, that yearly growth rate would leave the U.S. average below 200 bushels by the end of the decade—far from Hula’s corn bonanza and nowhere near enough to feed the planet. ... Combined, those seeds now fill some 400 million acres around the globe. That’s a fraction of the nearly 4 billion acres of land the UN estimates is being cultivated. Climate Corp.’s chief technology officer Mark Young doubts that that Monsanto could ever get to a billion-acre footprint just by being a seed company, “but as a decision-based company, it seems to have a really good shot.” Monsanto, for example, doesn’t sell grape seeds, but it could some day advise grape growers on how to increase their yields.

The Economist - Technology Quarterly: The Future of Agriculture > 15min

Farms, then, are becoming more like factories: tightly controlled operations for turning out reliable products, immune as far as possible from the vagaries of nature. Thanks to better understanding of DNA, the plants and animals raised on a farm are also tightly controlled. Precise genetic manipulation, known as “genome editing”, makes it possible to change a crop or stock animal’s genome down to the level of a single genetic “letter”. This technology, it is hoped, will be more acceptable to consumers than the shifting of whole genes between species that underpinned early genetic engineering, because it simply imitates the process of mutation on which crop breeding has always depended, but in a far more controllable way. ... Understanding a crop’s DNA sequence also means that breeding itself can be made more precise. You do not need to grow a plant to maturity to find out whether it will have the characteristics you want. A quick look at its genome beforehand will tell you. ... Such technological changes, in hardware, software and “liveware”, are reaching beyond field, orchard and byre. Fish farming will also get a boost from them. And indoor horticulture, already the most controlled and precise type of agriculture, is about to become yet more so. ... In the short run, these improvements will boost farmers’ profits, by cutting costs and increasing yields, and should also benefit consumers (meaning everyone who eats food) in the form of lower prices. In the longer run, though, they may help provide the answer to an increasingly urgent question: how can the world be fed in future without putting irreparable strain on the Earth’s soils and oceans?

Fortune - Glencore Digs Out of the Abyss 13min

Today the Glencore CEO believes that the industry is suffering from a glut of commodities on world markets. If mining companies could only get a handle on production, Glasenberg says, prices would inevitably rise. “Mining companies have to wake up and stop increasing supply and look at demand,” he says. “And that is it.” ... When you travel around the Copperbelt in Africa, it quickly becomes clear just how big a player Glencore is. At the tiny Kolwezi airport in the DRC’s southernmost province of Katanga, Glencore paid to rebuild the small runway and put up new buildings in 2011. On the road leading to the Mutanda copper mine, our vehicle rumbles over a new bridge crossing the Lualaba River, funded recently by Glencore at a cost of $10 million. ... For Glencore’s long haul as a public company, Glasenberg must continue to do what investors have demanded over this bruising year: Control spending and cut debt. Meanwhile, it waits for markets to rationalize.

Fortune - Inside McDonald’s Bold Decision to Go Cage-Free 13min

Steve Easterbrook doesn’t seem like the sloganeering type. He’s cool, a rational technocrat rather than a fiery head coach. Yet Easterbrook has two slogans he regularly employs. The phrases—“Act first, talk later” and “Progress over perfection”—hint that beneath his reserved exterior he’s aiming for real change. ... In a year and a half at the helm he has begun paring costs and decided to move McDonald’s MCD -1.81% headquarters from the suburbs back to Chicago. More important, in the U.S. market he launched McDonald’s successful All Day Breakfast, removed high-fructose corn syrup from the company’s buns, ended the use of key antibiotics in the company’s chickens, and embarked on a 10-year plan to liberate the birds that lay its eggs from the cages in which they have long been confined. The latter two changes are potentially transformative not only for McDonald’s—where chickens and eggs now account for 50% of the items on the menu—but for the entire American food industry. ... The Golden Arches are touting purity and provenance rather than solely relying on product launches—Shamrock shakes! the McRib!—to generate buzz as the company did in the past. The new approach allows McDonald’s to tap into the nation’s health zeitgeist in a way that it never has before. ... McDonald’s isn’t waiting for the supply—it’s creating it. But the seemingly simple change to cage-free eggs involves complex and expensive logistics, as we’ll see, and there’s a long, long way to go: Right now only 13 million of the company’s 2 billion U.S. eggs are cage-free.

National Geographic - The Miracle of the Modern Banana (Part 1) 3min

The banana’s parent plant isn’t a tree but an herb, and the fruit itself is a berry. The trajectory of bananas is a story of immigration, from obscure jungle species in Southeast Asia to the largest fruit crop and the fourth-most valuable food crop in the world, behind only wheat, rice, and milk. ... In a globalized way, there is only one banana. There were once thousands of varieties—fuzzy ones, striped ones, ones that tasted like strawberries. And in some parts of the world, there still are. But the story of the banana is the story of how humans hyper-optimized food production. More than any other industrialized food like beef, eggs, or bread, the modern banana is a miracle of biology, and because of this, an incredible biological risk. ... Of the thousands of bananas that have grown on Earth, the only one with truly global reach is called the Cavendish, which is neither the king nor queen of bananas. To most of the world it is simply the banana, cloned so many times that a banana you buy in Rome is identical as one in Rochester. This would be exciting news to Duke William George Spencer Cavendish, who first propagated the plant in 1834 and gave it his name.