"We knew it was going to be something really special. He was just an outstanding animal, backed up by all the best genetics. There were about seven or eight people who really, really wanted him and that's what led to the price.
The global agriculture sector has been undergoing a radical transformation in recent years, and researchers around the world are increasingly looking at alternative farming opportunities, such as seaweed farming and other mariculture operations.
Researchers from Rothamsted Research, headquartered in the UK, are currently testing the latest in artificial intelligence for farming, the world’s largest agricultural robot called the Field Scanalyzer.
US grain and oilseed prices traded slightly lower during trade in the first week of August as global forecasts predicted a record global grain crop.
In recent times, beef farmers around the world have increasingly come under fire from environmental organisations claiming that methane emissions from cattle pose serious consequences for the environment.
The shortage of migrant workers to harvest coffee beans in South America due to travel restrictions aimed at containing the COVID-19 pandemic, could result in countries such as Costa Rica, not being able to complete their harvests.
Market conditions for canola exports will be favourable for producers in Belarus this year, due to a decline in the production of canola oil in the EU in the wake of the coronavirus disease (COVID-19) pandemic.
There is growing concern that if the Brazilian ethanol market remained weak, the global sugar market could be flooded, which would send prices plummeting.
Although the lockdown measures in countries around the world during the coronavirus disease (COVID-19) pandemic have resulted in strong demand for fresh potatoes in supermarkets and grocery stores, the closure of restaurants and fast food outlets has led to an oversupply crisis.
The International Grains Council (IGC) is forecasting record-high global grain harvests for the 2020/2021 season.
As the coronavirus disease (COVID-19) pandemic continues to put strain on the global food supply chain, more and more people around the world are turning to home farming.
From deploying drones and fire trucks, to banging utensils and blaring loud music, farmers and authorities in India are experimenting with ways to battle a new wave of desert locust infestations across the country.