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Nature Fresh Farms Signs One of North Americas Largest Lighting Supply Agreements with Agrolux

Nature Fresh Farms Sales adds 123 acres of lit production with their growing partners Nature Fresh Farms, Ketler Farms, and VineFresh, leading to one of the largest signings of LED/HPS lights in North America.

The Netherlands based company Agrolux Lighting, a worldwide supplier of lighting for horticulture, recently signed an agreement between the greenhouse companies bringing a significant number of horticultural lights to their farms, to be completed in the fall of 2022. This greenhouse lighting project is one of the biggest horticulture lighting deals of the past years, including one of the largest in North America. This major deal involves the majority being Agrolux Wega LED light fixtures and some HPS fixtures. It is also the first signed agreement for Agrolux Wega LED fixtures in North America.

International Sales Director of Agrolux, Nick Boelen shared his excitement towards this project: “This is an important achievement for our new Agrolux Wega LED product, and we are convinced that Nature Fresh Farms and VineFresh Acres will benefit from its excellent performance. We are delighted with this partnership, and we are looking forward to continuing our relationship with Nature Fresh Farms and VineFresh Acres also for LED Lighting.”

For Nature Fresh Farms the lit crop will expand across their Leamington, ON, and Delta, OH farms. In Leamington, 31 acres of Organic Cucumbers are to be under LED lights with Ohio’s recently announced 45-acre expansion also to be devoted to LED lit Organics. With the 123 acres of lit production in total spread between their partners and their farms in both US and Canada, Nature Fresh Farms will be
covering all conventional commodities, in addition to Organics with this light order.

“Technology and innovation are fundamental to Nature Fresh Farms, and we are continually looking for better ways to provide our retail partners with year-round fresh produce,” shared Director of Sales, Matt Quiring. “Increasing our lit crops allows us to hit all of our core commodities including Peppers, Tomatoes, Cucumbers, and Organics.”

Greenhouse lighting offers the ability to grow year-round providing more quality produce, particularly in the winter. Consumers across Canada and the United States regularly rely on imports of vegetables during the off season; however, with more lit production, Nature Fresh Farms can satisfy consumer demands for fresh local produce throughout the year while maintaining their commitment to growing sustainably. Currently, Nature Fresh Farms has 126 acres of lit production across its Delta and Leamington farms that were initially equipped with lighting back in 2015 when they first began their partnership with Agrolux. Since then, Nature Fresh Farms and Agrolux have continued to develop their relationship while supporting the advancement of LED technology. With LED lighting being more energy efficient and durable over time, this kind of supplemental lighting presents a great opportunity for Nature Fresh Farms and the growers while they continue to research more sustainable lighting alternatives.

“Sustainability has always been inherent in how we grow and operate our entire business at Nature Fresh Farms,” said Vice President, John Ketler. “We look at how we can continue to meet retail and consumer demands but in the most efficient and sustainable way, the additional acreage under lights makes that possible.”

Nature Fresh Farm’s longstanding partnership with Agrolux will assist in their ongoing commitment to research and development of lighting technology. As Nature Fresh Farms continues to conduct light trials at their Leamington-based Discovery Center, the company will progress towards new technology that supports sustainable growing while delivering quality produce to customers throughout the year.

Source : Nature Fresh Farms

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Agricultural and Economic Briefing: USDA Reports, Global Tensions, and Market Reactions

Welcome back to our channel for a detailed update on key developments affecting the agricultural sector and broader economic landscape. Here's what's on the agenda today:

USDA Crop Production and WASDE Reports The USDA is set to release its monthly Crop Production and WASDE reports today at 11:00am CST. These reports will reflect the updated new crop US corn and soybean balance sheets, incorporating data from the June Planted Acreage report which showed a significant increase in corn acreage. While no major adjustments to US corn and soybean yield projections are expected, the focus will be on potential changes to global supply and demand. The reports are anticipated to bear a mostly bearish tone, especially concerning corn prices.

Geopolitical Developments in Ukraine Ukraine's recent detention of a foreign cargo ship on the Danube River, suspected of carrying stolen Ukrainian grain from Russian-occupied Crimea, has escalated tensions. This incident has stirred concerns about potential Russian retaliatory actions during Ukraine's crucial grain export season. Wheat futures saw a sharp rise following the news, highlighting the sensitive interplay between geopolitical events and commodity markets.

US Drought Conditions and Agricultural Impact Recent USDA drought monitor data indicates mixed conditions across the US Corn Belt and High Plains, with many areas receiving beneficial rainfall and experiencing cooler-than-average temperatures. However, conditions have worsened in parts of western Illinois and northeast Missouri. These evolving weather patterns are critical for crop development stages and will continue to influence market dynamics.

US Crop Export Sales Corn export sales showed an increase last week, with Colombia being the largest buyer. However, soybean sales were relatively weak, with the Netherlands as the primary buyer. The varied performance in crop export sales reflects shifting global demand and market conditions, which traders closely monitor for strategic insights.

Economic Indicators and Market Reactions In a surprising economic update, consumer prices declined for the first time in four years last month, with the CPI falling 0.1% in June. This decline, coupled with the slowest annual inflation increase since March 2021, has significantly influenced market expectations, with the probability of the Federal Reserve beginning rate cuts in September now standing at 89%.

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