Top Food Stocks for Q4 2020

Torri Donley

The food industry is comprised of companies that are primarily focused on offering food and non-alcoholic beverage products. It includes grocery stores, food distribution companies, and other companies offering consumer staples that consumers either eat or drink. It does not include restaurant businesses, many of which are considered cyclical because consumers tend to dine out less during economic slumps. Companies in the food industry include National Beverage Corp. (FIZZ), Darling Ingredients Inc. (DAR), and B&G Foods Inc. (BGS).

Food stocks are best represented by the S&P Food & Beverage Select Industry Index, even though this index includes companies offering alcoholic beverages. The index has underperformed the broader market over the past 12 months, providing a total return of 8.3% compared to the Russell 1000’s total return of 13.3%, as of September 18, 2020. All statistics in the tables below are as of September 21.

Here are the top

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Ag Secretary Perdue lauds food box program, meets with farmers – News – The State Journal-Register

Torri Donley

U.S. Agriculture Secretary Sonny Perdue on Monday helped distribute food boxes in Springfield, then told a forum at a farm near Rochester that he hopes farmers eventually won’t need federal financial help during the pandemic.

Joined by U.S. Rep. Rodney Davis, R-Taylorville, Perdue spoke about the quick development of the Farmers to Families Food Box Program. He and Davis then helped deliver food and milk to people who had lined up in their cars outside the Boys & Girls Clubs of Central Illinois on Springfield’s East Side.

Perdue said that when COVID-19 restrictions caused closure of restaurants and a supply chain disruption, he told President Donald Trump that there was enough food for people, but “we’re going to have to pivot” to get it to them.

“Farmers didn’t have a market … the trucks and the employees were laid off in the distribution cycle, and the people had needs,” Perdue

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FSMA Proposed Rule for Food Traceability

Torri Donley

The proposed rule includes exemptions for certain types of foods and certain persons who manufacture, process, pack or hold foods on the Food Traceability List. Some of these exemptions were provided by Congress, while others reflect the FDA’s current thinking about the application of this rule to certain foods and persons.

Exemption for Certain Types of Small Originators

The proposed rule would exempt certain farms and other originators (i.e., persons who grow, raise, or catch listed foods, or harvesters of non-produce listed foods, such as eggs) because they produce relatively small quantities of food. Specifically, the proposed rule would not apply to:

  • Farms (or the farm activities of farm mixed-type facilities) with respect to the produce they grow, when the farm is not subject to the Produce Safety Rule because it has no more than $25,000 in average annual produce sales as calculated under 21 CFR 112.4(a).
  • Shell egg producers
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Need Increases For Food Through Redwood Empire Food Bank

Torri Donley

Redwood Empire Food Bank, the largest hunger relief organization on the North Coast, reported a slight rise in the amount of food it distributed in August, reflecting the ongoing toll of the COVID-19 pandemic as well as the impact of recent wildfires.

The Sonoma County-based food bank said that in August it distributed an average of 612,008 pounds of food a week to individuals and partner food-relief organizations, up from 592,505 pounds a week in July. The numbers are to be reported Tuesday to the county Board of Supervisors, which has directed funds to a variety of hunger relief organizations during the pandemic, including the food bank.

The August numbers are below the sky-high figures of June – when an average weekly distribution of 828,506 pounds was recorded – but still represent a remarkable increase in need.

In the five months leading up to the point at the end of

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