- Elanco announced it has finalized the purchase of Posilac (sometribove), a supplement for dairy cows, from Monsanto. The acquisition includes complete worldwide rights, a state-of-the-art manufacturing facility in Augusta, Ga., and product-support operations.
- Agri-Business Solutions is changing its name to Water Street Solutions. “Water” is a fundamental resource necessary for the success of agricultural producers while “Street” keeps in mind the consumer who drives the demand for crops and livestock. A project is currently underway to renovate a historic building on the Illinois riverfront as the new company headquarters.
- Ceres, Inc. has named Paul M. Kuc to be the energy crop company’s Chief Financial Officer, ahead of the launch of its seed business. Kuc will oversee Ceres’ capital management and financial systems, among other responsibilities. Ceres, which is developing new crops for next-generation biofuels and biopower, plans to commercialize its first seed products under the trade name Blade Energy Crops later this year.
- MGEX (Minneapolis Grain Exchange or Exchange) announced results of its annual Board of Directors (Board) election, held Oct. 2. Elected candidates include Scott A. Cordes, Country Hedging, Inc.; Scott O. Hedin, St. Croix Commodities, Inc.; Christopher T. Matzdorf, UBS Securities, LLC; and Scott D. Nagel, ADM-Benson Quinn, a division of Archer Daniels Midland. The newly elected Board members will serve two year terms, effective immediately.
