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What if we could eliminate food insecurity in CT? | Caty Poole | TEDxProspect Hill
TEDx Talks· 2026-02-17 17:50
Good evening. >> What if we could put our local food pantries out of business? >> Yes. >> This sounds radical, even a little uncomfortable, but stay with me here. What if these spaces instead of being a repository for overprocessed and commoditized foods became the heartbeat of our communities? What if they were places where food was gathered, preserved, and shared? Where local farmers could convert their fresh produce into items that would sustain them through the winter? What if community came together no ...
Smithfield Foods to Build New State-of-the-Art Processing Facility in Sioux Falls, South Dakota
Globenewswire· 2026-02-16 16:15
Core Viewpoint - Smithfield Foods, Inc. is initiating the approval process for a new state-of-the-art packaged meats and fresh pork processing facility in Sioux Falls, South Dakota, representing a significant investment in American agriculture [1][4]. Investment Details - The proposed investment is estimated to be up to $1.3 billion over the next three years, contingent on securing necessary permits and regulatory approvals [4]. - The new facility will replace Smithfield's existing plant, which has been operational for over 100 years and currently employs 3,200 people, contributing $200 million in wages annually [1][4]. Facility Features - The new facility will be the most modern of its kind in the U.S., featuring highly efficient process flow, advanced automation technology, and a streamlined design, aimed at enhancing efficiency in fresh pork and high-value packaged meats operations [5]. Community and Economic Impact - The facility is expected to support independent hog farmers, corn and soybean producers, and other agricultural sectors in South Dakota, thereby strengthening the local economy [6]. - Local officials, including South Dakota Governor Larry Rhoden and Sioux Falls Mayor Paul TenHaken, have expressed that this investment will revitalize the downtown area and create significant job opportunities [7]. Timeline - Site work for the new facility is expected to begin in spring 2026, with initial groundbreaking anticipated in the first half of 2027, and production expected to commence by the end of 2028 [7].
I know what you grew last summer | Steve Shirtliffe | TEDxUniversityofSaskatchewan
TEDx Talks· 2026-02-10 17:54
I'm from a farm in southern Manitoba. Here's a photo of it back in 1982. I was just out of high school and this picture was taken.This picture was taken by a spy satellite that nobody even knew existed at that time. It was a cold war era keyhole spy satellite that belonged to the US government. And they spent most of their time taking pictures of the USSR and China.But even back then, for whatever reason, that day, they were taking images of southern Manitoba. An executive order by Clinton in 1995 declassif ...
JBS adds to Middle East presence with Oman venture
Yahoo Finance· 2026-02-09 12:04
Core Insights - JBS is establishing a joint venture in Oman with Oman Food Capital to enhance its manufacturing presence in the Middle East [1][2] - The venture will consolidate two production assets in Oman, focusing on poultry and meat processing [2][3] Group 1: Investment Details - JBS will invest $150 million in equity for an 80% stake in the joint venture, while Oman Food Capital will hold the remaining 20% [2] - The investment will primarily support the completion of A'Namaa's poultry plant and Al Bashayer's beef and lamb processing facility [3] Group 2: Production Capacity and Goals - The venture aims for a static industrial production capacity of approximately 300,000 tonnes per year, translating to daily processing of about 1,000 cattle, 5,000 lambs, and 600,000 chickens [4] - Production at the beef and lamb facility is expected to commence within six months, while the poultry site is set to start operations within a year [5] Group 3: Strategic Objectives - The initiative aligns with Oman's Vision 2040 program, which aims to diversify the economy and ensure food security for the population [3] - The venture will position Oman as a center for halal product production suitable for export to various markets [4]
X @Ansem
Ansem 🧸💸· 2026-02-03 18:36
RT Polymarket (@Polymarket)After months of planning, we're excited to announce 'The Polymarket' is coming to New York City.New York's first free grocery store.We signed the lease. And we donated $1 million to Food Bank For NYC — an organization that changes how our city responds to hunger. 🧵 https://t.co/BGMCWUMz8n ...
Why Cutting SNAP Ripples Far Beyond Families
Bloomberg Television· 2026-02-01 13:01
The Supplemental Nutrition Assistance Program, formerly known as food stamps, was created to help those who could not afford to feed their families. But over time, it's become harder to do that good, even as it's turned into an important part of the larger industry that provides food to Americans of all income levels. -You need help, and we're going to help you.We don't ask for specific details. If you show a need, we're going to be there. Westin: This may look like a lot of moving parts.-Watch your backs, ...
BofA Awards $500,000 Grant to FIND Regional Food Bank
Prnewswire· 2026-01-30 14:00
Core Insights - Bank of America awarded a $500,000 grant to FIND Regional Food Bank to support the completion of a new 40,000 square-foot warehouse, significantly increasing its capacity to meet rising demand for food assistance [1][2] Funding and Infrastructure - The grant will help fund a state-of-the-art facility with extensive cold storage for fresh produce and a sustainable rooftop solar array, which are integral to FIND's disaster response and resiliency plan [2] - This grant is in addition to nearly $200,000 in grants from Bank of America to FIND over the past five years [2] Community Impact - FIND Regional Food Bank serves as a community hub, providing not only food but also wellness services and workforce training to help individuals overcome economic barriers [3] - The new warehouse will enable FIND to increase fresh produce distribution by 60%, addressing the tripled demand for services during the pandemic and eliminating remote storage costs [4] Food Insecurity Statistics - Nearly 11% of Inland Empire residents face food insecurity, with one in six children in San Bernardino County and one in seven in Riverside County affected [3] - FIND currently distributes over 20 million pounds of food annually, serving 125,000 people each month through a network of 155 distribution sites [5] Organizational Background - FIND Regional Food Bank, founded in 1983, is the largest hunger-relief organization in its region, covering over 10,000 square miles and recognized as the USDA distributor for Riverside County [9] - The organization aims to end hunger through immediate food assistance, outreach services for financial security, and workforce development programs [9]
WellCare of Kentucky and Centene Foundation Give $145,000 to Food Pantries to Help Tackle Food Insecurity in Kentucky
Prnewswire· 2026-01-28 17:03
Core Insights - WellCare of Kentucky and Centene Foundation are making a strategic investment to combat food insecurity in Kentucky, where nearly 280,000 people (18.2%) are facing hunger, the highest number recorded [1][2] Group 1: Financial Commitment - A donation of $145,000 will support access to healthy food in various communities across Kentucky, including organizations like Help Office of Owensboro and Family Service Society of Paducah [2] - Centene Foundation has committed $1.5 million to support food banks and community-based groups nationwide, particularly during the winter when demand increases [4] Group 2: Long-term Solutions and Initiatives - WellCare has initiated several programs aimed at addressing food security, emphasizing the urgent health challenges posed by hunger [3] - Centene's broader mission includes transforming community health through locally driven solutions that integrate food access with healthcare services [7] Group 3: Broader Impact and Programs - Centene has invested $77.1 million in food security initiatives across multiple states, implementing programs like Fresh Food Pharmacies and Food is Medicine to address chronic diseases and food insecurity [6] - More than 95% of Centene's Medicaid plans offer food or nutrition intervention programs, highlighting the importance of access to nutritious food in health outcomes [5]
Neogen (NasdaqGS:NEOG) FY Earnings Call Presentation
2026-01-15 01:15
Unlocking Neogen's Potential J.P. Morgan Healthcare Conference January 14, 2026 © 2026 Neogen Corporation. All rights reserved. | 1 Disclaimer Forward-Looking Statements This presentation includes "forward-looking statements" as that term is defined in Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on Neogen's current expectations and are subject to risks and uncertainties, which could cause a ...
Lindsay(LNN) - 2026 Q1 - Earnings Call Transcript
2026-01-08 17:02
Financial Data and Key Metrics Changes - Total revenues for Q1 FY2026 were $155.8 million, a decrease of 6% from $166.3 million in the same quarter last year [8] - Operating income for the quarter was $19.6 million, down 6% from $20.9 million in the prior year, with an operating margin of 12.6%, consistent with the prior year [9] - Net earnings were $16.5 million, or $1.54 per diluted share, slightly down from $17.2 million, or $1.57 per diluted share in the first quarter of last year [9][10] Business Line Data and Key Metrics Changes - Irrigation segment revenue decreased by 9% to $133.4 million compared to $147.1 million in the prior year, with North America irrigation revenues down 4% to $74.3 million [10][11] - International irrigation revenues were $59.1 million, down from $69.4 million, primarily due to timing of project revenues and lower sales volumes in Brazil [11] - Infrastructure segment revenues increased by 17% to $22.4 million, driven by higher sales of road safety products, while operating income rose 9% to $4.5 million [12] Market Data and Key Metrics Changes - North American irrigation market conditions are expected to remain soft in the near term, with a $12 billion Farmer Bridge assistance package announced to support U.S. farmers [4][5] - Internationally, there is optimism for growth in Latin America, particularly Brazil, despite elevated interest rates and credit access constraints [5][6] Company Strategy and Development Direction - The company announced a supply agreement for Zimmatic irrigation systems in the MENA region, valued at approximately $80 million, reflecting its ability to compete in large-scale projects [3] - The infrastructure segment is expected to gain momentum as infrastructure funding and road project activity advance, with a focus on Road Zipper Solutions [4][7] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing trade uncertainty, low commodity prices, and high input costs affecting customer profitability and sentiment [2] - The company anticipates that while near-term irrigation market conditions will remain soft, it expects resilience in its business [9] Other Important Information - Total available liquidity at the end of Q1 was $249.6 million, including $199.6 million in cash and cash equivalents [13] - The company repurchased $30.3 million in shares during the quarter and announced a new share repurchase program of up to $150 million [14] Q&A Session Summary Question: North America irrigation market outlook - Management agrees that the market is at a trough, with no significant upside expected until profitability improves [18] Question: Opportunities for international projects - There are both repeat and new customers in the MENA region, with a robust project funnel and long-term growth potential [20][21] Question: Impact of elevated CapEx on profitability - Investments in production facilities are expected to improve efficiency and throughput, with incremental benefits anticipated post-completion [23][25] Question: Margin expectations for new projects - The margin profile for the new $80 million project is expected to be slightly below segment average, consistent with similar projects [30][31] Question: Demand related to accelerated depreciation - No significant impact from accelerated depreciation was observed, as negative macro drivers outweighed potential benefits [32] Question: Infrastructure segment outlook - The Road Zipper business is characterized as lumpy, with ongoing engagement in the sales funnel and long-term growth opportunities [47][50]