U.S. Ag Industry Has Increased Its Foreign Investments In Past Decade, Government Data Shows

Feb 16, 2023

By Sky Chadde and Investigate Midwest

Over the past decade, the agriculture sector has grown its investment in foreign holdings at a higher clip than most other industries, according to data from the Bureau of Economic Analysis, a division of the U.S. Department of Commerce.

Compared to other major industries, foreign investment from U.S. agriculture is still very small, the data shows. But, in the past 10 years, the investment amount has increased by more than 300% — the second highest jump.

While the data does not specify individual companies, it includes companies involved in animal and crop production. In particular, crop production companies have vastly increased their foreign holdings: from about $2 billion in 2011 to about $12 billion in 2021.

fig1

Click here to see more...

Video: Five Confirmed New World Screwworm Cases Raise Alarm for Livestock and Pet Owners

Pat Hoffmann, Swine Technical Consultant at Elanco Animal Health tells us about the impact of New World Screwworm. The emergence of New World screwworm in the U.S. creates a threat for veterinarians, livestock producers and pet owners that has not been seen north of the Florida Keys since the fly was eradicated from the United States more than 50 years ago. New World screwworm (Cochliomyia hominivorax) larvae feed on living tissue and can affect a wide range of warm-blooded animals, including livestock, companion animals, wildlife, and even humans.
“New World screwworm could have a devastating impact on animal health, welfare, and producer livelihoods,” said Jeff Simmons, President and CEO, Elanco Animal Health. “We want to thank the FDA, EPA and USDA, for all their work to prepare for this threat. We’re committed to supporting our customers during this challenging time by delivering innovation, scientific expertise, and available resources to help treat New World screwworm and support the health and well-being of animals.”
Elanco is working alongside the U.S. animal health industry to help them fight against this parasite, offering a portfolio of options for pets and livestock that can help treat New World screwworm larvae infestations.