Nestlé, meanwhile, is looking to offload 50% of its water business in a shift away from capital-intensive, lower-growth segments.
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Midwest farmers told the Des Moines Register that they’re already being quoted fertilizer prices that are up 40% from the fall.
Smithfield Foods announced plans to build a “new state-of-the-art” $1.3 billion processing facility in Sioux Falls, South Dakota.