Private equity buy in baking (Bloomberg): Brynwood Partners will buy J.M. Smucker’s baking arm for $375 million. The deal includes the Pillsbury brand.
Cashless restaurants could be short-lived in the District (Washington Post): Several restaurants in D.C. have gone cashless, only accepting debit and credit cards, but a new bill from the City Council would require them to accept cash again.
Do vertical farms grow money? (Civil Eats): Investors poured $200 million into an indoor farming startup company but skeptics say vertical farming is a high cost mode of production that needs to close the gap with conventional and organic produce.
Slow down for bees (EarthFix): The speed limit is 20 mph in Walla Walla County in places where farmers rely on 18 million native alkali bee to pollinate their alfalfa seed crop – the county produces a quarter of the alfalfa seed that is harvested for hay for U.S. livestock.
Lawsuit says it’s not grass-fed butter (Law360): Ornua Co-operative, based in Ireland, advertises its Kerrygold butter as made with “milk from from grass-fed cows” but a lawsuit filed in U.S. court in California says it’s deceptive advertising because the cows eat soybeans, corn and other grains for part of the year.