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Food News

How One Atlanta Startup Solved The Biggest Problem In Food Waste Recovery

Forbes | Posted on May 16, 2019

For any food waste recovery business, whether for profit or non-profit, the biggest expense is logistics. Jasmine Crowe, founder of Atlanta-based startup Goodrknew that from the start.Roadie’s model focuses on targeting drivers who are already near a pickup and likely heading in the right direction for the delivery. And Truxx is focused on larger vehicles for larger loads.


Impossible Foods raises $300 million with investors eager for bite of meatless burgers

Reuters | Posted on May 16, 2019

Impossible Foods, which makes a meatless plant-based burger and is backed by celebrities like Serena Williams and Katy Perry, said on Monday it has raised $300 million in the latest round of funding ahead of a possible initial public offering.


Danone CEO says plant-based could become as big as dairy

Edairy News | Posted on May 16, 2019

Danone’s U.S. plant-based business could become as big as its traditional yogurt business there in 10 years, according to Chief Executive Officer Emmanuel Faber. The unit, which includes Silk and So Delicious, currently generates less than $1 billion in sales, compared with the $2 billion in dairy. But the category is growing faster as consumers race to adopt vegan alternatives to everything from yogurt to hamburgers. Danone’s U.S. plant-based business could become as big as its traditional yogurt business there in 10 years, according to Chief Executive Officer Emmanuel Faber. The unit, which includes Silk and So Delicious, currently generates less than $1 billion in sales, compared with the $2 billion in dairy. But the category is growing faster as consumers race to adopt vegan alternatives to everything from yogurt to hamburgers.


FDA finds euthanasia drug in pet food ingredient

Smart Brief | Posted on May 9, 2019

Pure tallow made by JBS Souderton for use in pet food contained the euthanasia drug pentobarbital, according to an FDA warning letter. The company, which does business under the name MOPAC, said it had cleaned equipment after the FDA and the Pennsylvania Department of Agriculture found lax testing protocols, but traces of pentobarbital were subsequently found, indicating that measures the company put in place were insufficient to prevent pentobarbital-contaminated ingredients from being used in finished tallow, according to the warning.


FDA finds euthanasia drug in pet food ingredient

Smart Brief | Posted on May 7, 2019

Pure tallow made by JBS Souderton for use in pet food contained the euthanasia drug pentobarbital, according to an FDA warning letter. The company, which does business under the name MOPAC, said it had cleaned equipment after the FDA and the Pennsylvania Department of Agriculture found lax testing protocols, but traces of pentobarbital were subsequently found, indicating that measures the company put in place were insufficient to prevent pentobarbital-contaminated ingredients from being used in finished tallow, according to the warning.


Dean Foods Falters in More Concentrated Milk Market

Wall Street Journal | Posted on May 7, 2019

Biggest U.S. dairy maker is losing sales and exploring sale or breakup as milk consumption wanes


40 million Americans struggle to put food on the table

CBS News | Posted on May 1, 2019

Every county in all 50 states is home to people who struggle with hunger. Children are more likely to experience hunger than adults.Rural counties account for 78 percent of the highest food insecurity rates.One study found SNAP benefits aren't enough to cover the cost of a meal in most places in the U.S.The U.S. economy is enjoying nearly a decade of expansion since the Great Recession. Yet food insecurity -- a lack of money or resources to secure enough to eat -- still grips almost one in eight Americans. That's roughly 40 million people. While slowly improving, that figure remains stubbornly higher than before the recession, when more than one in 10 U.S. residents had difficulty knowing when and how they might eat next


Investors at Milken Focus on Food as the Public’s Eating Habits Change

Bloomberg | Posted on May 1, 2019

Food is becoming an increasing focus for institutional investors and family offices, executives said Monday at the Milken Institute Global Conference in Beverly Hills, California. Jeffrey Housenbold, managing partner at SoftBank Vision Fund, which counts Brandless, Plenty and DoorDash among its food-related investments:SoftBank’s minimum investment size is $100 million and the firm is looking for companies that need capital for R&D and to create infrastructure to distribute globally, among other things.The firm seeks to provide “patient capital” and isn’t worried about near-term profitability.SoftBank is interested in “use of data” across all investments, such as how it informs a company’s go-to-market or customer-acquisition strategies.


Lawsuit Alleges Meatpacker Conspiracy

DTN | Posted on April 25, 2019

The nation's largest meatpacking companies conspired to unlawfully depress fed-cattle prices paid to ranchers starting in 2015, a national cattle group alleges in a new class-action lawsuit filed in federal court in Illinois on Tuesday. The Ranchers-Cattlemen Action Legal Fund United Stockgrowers of America (R-CALF USA) filed the lawsuit on behalf of four cattle-feeding ranchers in Iowa, Nebraska, Kansas and Wyoming.The lawsuit alleges the nation's largest meatpacking companies engaged in fed-cattle price fixing, unjustly enriched their businesses, manipulated the prices of fed cattle and as a result the Chicago Mercantile Exchange live cattle futures and options, and committed a number of violations of the Commodity Exchange Act, among other allegations.


Labeling bill causing friction among Oregon winemakers

Capital Press | Posted on April 25, 2019

A bill designed to protect Oregon wine from out-of-state imposters is fermenting discord within the industry. Senate Bill 111 calls on the Oregon Liquor Control Commission to adopt new rules for enforcing wine labeling standards under state law, while also ensuring wineries pay a $25 per ton grape tax.The issue arose last year during a highly publicized feud between Willamette Valley winemakers and Copper Cane Wines & Provisions, based in Rutherford, Calif. Copper Cane buys grapes from about 40 Oregon growers to make two brands of Pinot noir — Elouan and The Willametter Journal.The Oregon Winegrowers Association, with help from state legislators, successfully argued those wines had deceptive labels that illegally referenced certain high-value growing regions known as American Viticultural Areas, or AVAs.SB 111 authorizes the OLCC to develop regulations against importing and selling deceptively labeled wine. It allows the commission to enter into agreements with agencies from other states, and would increase the fines for violations from $5,000 to $25,000.


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