Robots. They’re eating our jobs one occupation at a time, some say.
They’ll pour your drinks without expecting tips. They’ll write up the news without demands for exclusives or the penchant for whisky.
And now… they’ll sit on your...
Fresh Del Monte’s loss narrowed in the fourth quarter as higher banana volume in North America, as well as sales growth in tomatoes and melons, offset weakness in prepared foods and led to better-than-expected results.
Super Bowl 2015 is over, but winter is hanging on for a few more months and our stoves will still be bubbling with pots of chili. This is always a dish I struggle with when pairing with wine---and sometimes it just makes more sense to break out a...
If you've ever planted anything—from a lima bean in a water soaked paper towel to a vegetable garden—you know that it takes time and the right conditions to bring anything from dormancy to fruition. It really doesn't matter how anxious you are...
Tomato prices went nuts in November.
The price of tomatoes saw a huge 10.4% seasonally adjusted
month-over-month increase in October, up from a 4.6% increase in September. This is according to the Bureau of Labor Statistics' just-released...
Clint Thompson, University of Georgia
“In the past couple of years, we’ve seen an increase, certainly not to the level it was in 1995 or 1997, but I’m seeing more and getting more reports from growers of tomato spotted wilt virus....
Oops! Unable to complete your request. Please refresh your browser.
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. 
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)
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.