BusinessWeek  Sep 29  Comment 
Food-safety authorities issue warnings to protect public health. But what are farmers to do when the government puts the blame on the wrong crops?
Times Online  Sep 23  Comment 
Potacchio is a fully-charged Italian tomato sauce flavoured with rosemary, lemon zest, onion and chilli. I think of it as...
NPR  Sep 13  Comment 
More young people are trying their hand at farming, hoping to make a living out of it. But, as it turns out, passion and grit are just a few of the prerequisites for success.
Forbes  Sep 9  Comment 
In the past few weeks, I've had a celery cocktail, a carrot cocktail and a tomato cocktail that tasted like a Caprese salad in a glass. What better way to get your daily dose of veggies?
New York Times  Sep 5  Comment 
An annual summer pantry clean-out inspires three new grain salads, and Israel couscous pasta and an eggplant and tomato gratin.
New York Times  Sep 1  Comment 
An eggplant Parmesan of sorts on a bed of Israeli couscous is a good way to use the fresh tomato sauce you’ve made over the summer, though canned tomatoes will work, too.
OilVoice  Sep 1  Comment 
Many years ago in the late 197039s when I was young and naiumlve and still an academic I moved to Germany to work on an EUfunded Geothermal Energy project. We studied the Urach geothermal an
New York Times  Aug 25  Comment 
Wheat berries add texture and substance to this light summer soup, and provide a treat at the bottom of the bowl.
Canada.com  Aug 25  Comment 
Separatists paraded captured Ukrainian soldiers through the streets of Donetsk as bystanders shouted abusive slurs and tossed eggs, bottles, and tomatoes at them




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Tomatoes prices have followed in the footsteps of many other foodstock commodities such as wheat and corn for many of the same reasons: increasing prices for energy, farming chemicals, water, and labor have all contributed. A key trend driving the overall price hike for farmed commodities is the rise in corn production for ethanol; as farmers get paid higher prices for corn, many switch their land use to produce this energy feedstock, thus lowering the supply of other crops.

As a result, the price per ton of tomatoes has gone up from about $50 per ton from 2001-2005 to $63 per ton for the 2007 summer crop. [1]

Companies Hurt

  • H.J. Heinz Company (HNZ) sells 650 million bottles of ketchup a year and tomatoes are a key ingredient. Heinz's overall input costs--including corn syrup, another major ingredient--have been rising, and the company has not passed on the entire increased cost to consumers (i.e., Heinz's gross margins are shrinking)

Companies Benefiting

  • Monsanto Company (MON) purchased the then-biggest seed company in the world for $1 billion in 2005. Semini controlled about 23% of worldwide tomato seed market in 2005. Since then, tomato seed costs have tripled, from $300 to $900 per 100,000 seeds. Monsanto benefits from the increased prices of almost all farmed commodities, as the company produces a range of farming related products, including seeds, fertilizer and agri-chemicals.
  • Deere & Company (DE) is another company that benefits from a rise all agricultural commodity prices. The company produces machines used in the agricultural business.

References

  1. California Tomato Growers Association
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