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Monsanto To Build New Cotton Seed Processing Facility In Lubbock

Monsanto has announced plans to build a new, state-of-the-art cotton seed processing facility in Lubbock, TX. Construction is expected to begin in March and be completed in the second half of calendar year 2017.

The new Lubbock site represents a $140 million capital investment and is expected to employ 40 full-time personnel. The site will become Monsanto’s primary U.S. hub for all commercial cotton seed processing operations, including cleaning, treating and bagging of cotton seed. The company’s existing processing facilities in Arizona, Mississippi and Texas will transition to support storage and warehousing, pre-commercial operations and research in various parts of the Cotton Belt.

“Bringing people, processes and technology together at a new, state-of-the-art cotton facility in Lubbock will boost collaboration and efficiency within our manufacturing organization,” said Dave Penn, cotton manufacturing lead at Monsanto. “Furthermore, its geographic location in Lubbock will allow for better alignment with the cotton industry and help us better serve customers across the Cotton Belt.”

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Canada reaches tariff deal with China on canola, electric vehicles

Video: Canada reaches tariff deal with China on canola, electric vehicles

Canada has reached a deal with China to increase the limit of imports of Chinese electric vehicles (EVs) in exchange for Beijing dropping tariffs on agricultural products, such as canola, Prime Minister Mark Carney said on Friday.

The tariffs on canola are dropping to 15 per cent starting on March 1. In exchange for dropping duties on agricultural products, Carney is allowing 49,000 Chinese EVs to be exported to Canada.

Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.