Business, Economy and Consumer Affairs

courtesy Purdue University

A Purdue University graduate who wants to better commercialize African farming has been named this year’s winner of the World Food Prize.

Akinwumi Adesina is the President of the African Development Bank, a former Agriculture Minister in Nigeria and holds both a master’s degree and a doctorate from Purdue.

He’s led a push to increase yields on African farms through better use of fertilizer and spoke with President Trump about the challenge of getting the continent to feed itself at the recent G7 summit.

Uneven, wet weather is complicating the growing season for Indiana farmers.

There’s much more cash cropland this week that has too much moisture in its soil than at this time last year, according to the USDA’s latest crop progress report.

And the federal agency says the current condition of Indiana’s corn and soybeans isn’t as good as it was a year ago.

Indianapolis-based Anthem will look to settle a class-action suit over a massive 2015 data breach at the giant health insurance company.

It would be the largest-ever settlement in a data breach case if approved. That’s according to attorneys for the victims in the case.

Peter M. Graham / flickr.com/photos/pmgrah/106202984

To be counted in the U.S. Department of Agriculture’s Ag Census, first-time participants have to sign up by June 30. This year, small farms are receiving extra attention.

Farmers who earn more than $1,000 in revenue a year are required to complete the census, which takes place every five years. First-timers have to sign up by the end of this month to be counted.

Indiana’s ports system hopes a new contractor will help bring more bulk cargo than ever into Burns Harbor on Lake Michigan.

Metro Ports is a stevedoring company. It helps manage how cargo gets off- and on-loaded and distributed at 27 ports in 10 states, including huge facilities at Long Beach, California and Seattle-Tacoma, Washington.

Burns Harbor will be the company’s first Great Lakes operation when it takes over the bulk cargo terminal next month.

Indiana corn growers hope a deal on sugar trade between the U.S. and Mexico will protect their stake in the high-fructose corn syrup industry.

Mexico could slap new tariffs on imports of the syrup if the deal isn’t finalized, and the effects of that tariff could trickle down to farmers.

About a third of all high-fructose corn syrup produced in the U.S. goes to Mexico, and it includes a lot of Hoosier corn. As much as 5-10 percent of Indiana’s corn crop goes to factories that produce the syrup, such as Tate & Lyle in Lafayette.

The $130 billion merger between Dow and DuPont received conditional federal approval Thursday.

The companies still have to address areas where the Department of Justice says they’ll have too big a market share, but those aren’t the areas that have Indiana farmers worried.

In approving the merger, the DOJ says Dow and DuPont have to relinquish control of a few assets – a chemical plant in Texas for Dow, and two of DuPont’s insecticide and herbicide brands.

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Peter Balonon-Rosen/IPBS

This week, Side Effects Public Media released a report detailing how the president of an Indiana nonprofit is also lobbying for a drug company, Alkermes. The story, produced in collaboration with WFYI and NPR, has some political leaders in Indiana calling for stricter disclosure rules for lobbyists trying to influence policy. 

 

Thursday marked the beginning of the end for 18 Marsh stores that weren’t bought out at a bankruptcy auction earlier this week.

Forty-four Marsh locations in Indiana and Ohio stayed open as the company started going through bankruptcy last month, but only 26 found a buyer at auction Monday.

The remaining 18 – in the Indianapolis area, Lafayette, Muncie, Kokomo, Carmel, Logansport, Connersville and Noblesville – have now started selling off their inventories.

The 18 Marsh grocery stores that don’t have a buyer will start selling off their inventories Thursday, according to a company spokesperson.

And a CVS spokesperson says his company has “settled” a dispute with the two Ohio grocery chains that want to buy Marsh’s 26 other remaining stores.

This clears the way for the combined $24 million deal with a Kroger subsidiary and another Ohio chain, Fresh Encounter, to go forward.

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