Latest news with #agricultural
Yahoo
5 hours ago
- Business
- Yahoo
Jim Cramer Says 'FMC is a Really Interesting Story'
FMC Corporation (NYSE:FMC) is one of the stocks on Jim Cramer's radar. A caller inquired if the company is the one to go for or if there is a better option in the sector. Here's what Mad Money's host had to say in response: 'Okay, FMC is a really interesting story because tonight, the president put a 50% tariff on Brazil. Brazil is an agricultural competitor to us. FMC is an agricultural, fungicide. They do a lot of different stuff to be able to make it so the harvest comes out. And I'd like to know before I opine on it, what that 50% tariff will mean for their business. So this is a work in progress. I wish I knew, but I don't want to cuff it after what happened tonight, which was very dramatic.' A laboratory technician carefully mixing chemicals in a laboratory. FMC (NYSE:FMC) develops and sells crop protection products such as insecticides, herbicides, fungicides, and biologicals that are aimed at improving agricultural yield and quality. In February, Cramer discussed the stock, as he said: 'There's a company called FMC. And that's an agricultural company. It's an old food machinery company, it's based in Philadelphia. And the stock is down 35% today because they have inventory problems. Too much of the crop chemicals used for . . . corn, potatoes, and sorghum. I just remind that there certain industries that are in this economy that are seemed to just, I don't know we have to stay close to ag. That's a very very bad number. And I'm kind of shocked because it's a pretty reliable company. But the ag business maybe not as great as we think judging from the fact that they have a lot of insecticides, herbicides. So, stay close to ag.' While we acknowledge the potential of FMC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
New Straits Times
7 hours ago
- Business
- New Straits Times
EU sets stage for big battle over long-term budget
BRUSSELS: The European Commission will kickstart two years of tense negotiations when it unveils its proposal Wednesday for the EU's long-term budget including funding reforms that risk renewed confrontation with farmers. EU chief Ursula von der Leyen has to balance a growing list of priorities including bolstering the bloc's security, ramping up Europe's competitiveness to keep up with US and Chinese companies, countering climate change and paying debts due from 2028. And all of this against a backdrop of soaring trade tensions with the European Union's biggest commercial partner, the United States. The previous 2021-2027 budget was worth around 1.2 trillion euros ($1.4 trillion) and made up from national contributions – around one percent of the member states' gross national income – and money collected by the EU such as customs duties. One of the biggest challenges ahead will be over the size of the budget, as the EU's biggest – and richest – countries want to avoid paying more. But unlike in the previous budget, the EU has debts due from the Covid pandemic, when the bloc teamed up to borrow 800 billion euros to support the continent's economy. These are estimated to cost 25-30 billion euros a year from 2028. The European Parliament has made it clear that an increase will be necessary. "We believe that the union cannot do more with the same amount or less. So we believe that in the end, an increase of the budget will be unavoidable," said Siegfried Muresan, the EU lawmaker who will lead negotiations on behalf of parliament. The commission plans to propose new ways of raising money including taxes on large companies in Europe with annual net turnover of more than 50 million euros, according to a draft document seen by AFP. Another area of fierce debate will be the large farming subsidies that make up the biggest share of the budget, known as the common agricultural policy (CAP). Brussels plans to integrate it into a new major "national and regional partnership" fund, according to another document – which farmers fear will mean less support. The CAP accounts for almost a third of the current multi-year budget – around 387 billion euros, of which 270 billion euros are directly paid to farmers. Centralising "funding into a single fund may offer some budgetary flexibility, but it risks dissolving" the CAP with "fewer guarantees", pan-European farmers' group Copa-Cogeca has said. Farmers will put pressure on the commission with hundreds expected to protest outside the building in Brussels on Wednesday. That will raise fears in Brussels after protests broke out last year across Europe by farmers angry over cheap imports, low margins and the burden of environmental rules. Muresan, who belongs to the biggest parliamentary group, the centre-right EPP, urged the same level of funding for the CAP, "adjusted for inflation." The commission has, however, stressed the CAP will continue with its own rules and financial resources, especially direct aid to farmers. Brussels could also propose reviewing how CAP payments are calculated to better target beneficiaries. For example, the commission wants to cap aid per hectare at 100,000 euros but this would be a thorny issue unlikely to garner much support. Facing new costs and competing challenges, the EU wants to tap new sources of funding – fast. In one document, the commission suggests the bloc take a share from higher tobacco excise duties and a new tax on non-recycled electronic waste. Such a move, however, is "neither stable nor sufficient", according to centrist EU lawmaker Fabienne Keller, critical of giving new tasks to Brussels "without the necessary means to accomplish them." Wednesday's proposal will launch difficult talks over the budget and is expected to "as usual, end with five days of negotiations" between EU capitals, an official said.
Bloomberg
2 days ago
- Business
- Bloomberg
China Eyes Weather Derivatives Market to Hedge Climate Risks
Welcome to Weather Watch, our weekly newsletter on how the planet's ever wilder weather patterns are impacting the global economy. Got feedback and forecasts? Write us at weatherteam@ And sign up here if you're not on the list already. When there's volatile weather, revenues of energy and agricultural companies can be put at risk. And when that risk exists, there's an incentive to mitigate it somehow.
Yahoo
3 days ago
- General
- Yahoo
Fire at large farm buildings tackled by six crews
Firefighters have been battling a blaze affecting two large agricultural buildings in a village. Six crews were called to reports of a significant fire in Finchingfield, Essex, at 06:08 BST. They found a former poultry shed, measuring 40m by 10m (131ft by 33ft), was alight and the flames had spread to a second structure. The incident was scaled down at about 08:50, with two crews remaining to monitor the scene. One person wrote on social media that the firefighters had done an "incredible job" at containing the flames. Follow Essex news on BBC Sounds, Facebook, Instagram and X. Essex County Fire & Rescue Service
BBC News
3 days ago
- General
- BBC News
Fire at large Finchingfield farm buildings tackled by six crews
Firefighters have been battling a blaze affecting two large agricultural buildings in a crews were called to reports of a significant fire in Finchingfield, Essex, at 06:08 found a former poultry shed, measuring 40m by 10m (131ft by 33ft), was alight and the flames had spread to a second person wrote on social media that the crews had done an "incredible job" at containing the fire. Follow Essex news on BBC Sounds, Facebook, Instagram and X.
