ForFarmers has announced that its underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2018 would show a modest decline compared to 2017.
Evonik says it has completed the acquisition of Belgium’s Porphyrio, a KU Leuven spin-off delivering big data technology for poultry production to help farmers better manage, predict, and optimize their operations.
In recent months, several companies have been highlighting efforts to reduce the carbon footprint generated by their feed production, while others have talked about ways to reduce the methane produced by cows.
ForFarmers says it has acquired the compound feed activities of Maatman, a Dutch company primarily active in the poultry sector but also in the ruminant sector in the Netherlands and Germany.
ForFarmers says it has moved to shore up its position in the Belgian market by acquiring Voeders Algoet for around €14 million or seven times the Belgian feed company’s EBITDA.
ForFarmers is just beginning to test what it says is an environmentally beneficial, alternative way of unloading compound feed - electric and emission-free discharging of the feedstuffs.
A study has found that prevention strategies at the pre and post-harvest stages are the most effective ways of reducing mycotoxin load as, once they are present in feed ingredients, mycotoxins are hard to eliminate.
