Economics

Diamond Foods Axes CEO, CFO Over $80M Accounting Snafu

Diamond Foods announced today its CEO Michael Mendes and CFO Steven Neil were put on administrative leave and the snack maker will have to restate financial results for fiscal years 2010 and 2011 after the audit committee of its board of directors determined improper ...More
February 9, 2012
Posted in News
Coca-Cola 4Q11 Sales Beat Expectations

The Coca-Cola Company released its fourth quarter 2011 financials that beat expectations and long-term growth targets for non-alcoholic ready-to-drink beverages, sparkling and still beverages. The company experienced strong full-year global volume growth of 5% led by the ...More
February 7, 2012
Posted in News
Restaurant Sales to Reach $632 Billion in 2012

The restaurant industry is projected to increase 3.5% over 2011 numbers, with total foodservice sales expected to reach a record high of $632 billion in 2012, according to the National Restaurant Association’s 2012 Restaurant Industry Forecast. ...More
February 6, 2012
Posted in News, Bakery / Cereal
Low-Income Families Struggle to Eat Healthy

Low-income families are cooking dinner at home, mostly from scratch, but are not eating as healthfully as they'd like, according to a new study released today from Share Our Strength's Cooking Matters® with support from the ConAgra Foods® Foundation. ...More
February 2, 2012
Posted in News, Bakery / Cereal
Industry Ask Feds to Reject New Food Taxes, Fees

Leading food industry groups are asking the Obama Administration to develop a fiscal year 2013 budget request that fully funds U.S. Food and Drug Administration (FDA) food-safety programs without implementing new food taxes or fees. ...More
February 1, 2012
Posted in News, Bakery / Cereal
The Cost of Food Safety

The health-related cost of foodborne illness in the United States is now $77.7 billion, approximately half of the cost calculated in 2010, but it’s not necessarily due to improved food safety. ...More
January 31, 2012 By Lynn Kuntz
Posted in Blog
UNL Receives $25 Million Grant to Reduce E. coli in Beef

The University of Nebraska-Lincoln received a $25 million grant from the U.S. Department of Agriculture (USDA) to develop ways to reduce the occurrence of E. coli strains throughout the beef production chain. The research will focus on the seven most dangerous strains of E. ...More
January 23, 2012
Posted in News
Certain Hybrids Provide Higher Sweet Corn Yield

Higher yield and profitability of sweet corn are possible with greater plant populations of certain hybrids, according to a study published in the journal Field Crops Research. The findings may provide both growers and processors with relevant information on modern ...More
January 23, 2012
Posted in News
Dairy Alternative Beverage Sector Hits $1.33 Billion

Consumer concern for health issues, including lactose intolerance, milk allergy and the genetic disorder phenylketonuria (PKU), are driving the market for dairy alternative beverages like soy milk, almond milk, rice milk and other plant milks, which reached $1.33 billion in ...More
January 20, 2012
Posted in News
Proposed Rule to Modernize Poultry Slaughter Inspection

USDA’s Food Safety and Inspection Service (FSIS) is proposing a modernization of young chicken and turkey slaughter inspection in the United States by focusing FSIS inspection resources on the areas of the poultry production system that pose the greatest risk to food ...More
January 20, 2012
Posted in News