It has also been a significant investor in Beyond Meat’s pea protein producer PURIS. "There's a lot of beauty in peas, specifically because they're nitrogen fixating," said Tyler Lorenzen, a former NFL player who returned to agriculture as CEO of Puris Foods, a pea protein producer based in Minneapolis. BEYOND MEAT'S SURGING STOCK LEAVES SHORT-SELLERS WITH $587M LOSS.

This is happening at a time when pea production is up 40 percent from a year ago. India placed a 50 percent tariff on American peas as it tries to protect its own farmers, and China has a 35 percent tariff as part of the current trade war. ... North American pea-protein producer Puris is a supplier to Cargill and Beyond Meat. However, the high protein product Puris creates for companies like Beyond Meat comes from a propriety seed which can be relatively expensive. Montana is better known for beef than beef substitutes. Pea acreage is up 400 percent in the last quarter century. As a result, Canada is selling more peas. "Got a confidential news tip? "There's been very strong support for the President in rural areas of the U.S. and our growing region," McGreevy said. Retailers will be able to sell the products under their own labels. Tim McGreevy said new domestic demand is not enough to make up for export losses. In the U.S., the number is closer to 50 percent. "They're trading under 10 cents a pound to the grower, which is really below the cost of production." Kanning's doubling down on peas has split his neighbors. Major meat companies including Tyson Foods and WH Group’s Smithfield Foods [SFII.UL] also sell plant-based products.
"That's a little hard to make up." “Being able to have that raw material supply has been helpful for us for sure.” Cargill is better known for trading crops like corn and soybeans around the world and supplying ground beef than producing plant-based foods. It has invested in “clean meat” companies Memphis Meat and Israeli startup Aleph Farms. "I wonder sometimes if it's going to be a short term demand," he said. Cargill plans to employ its decades-long experience handling ingredients and buying crops to produce private-label products more efficiently than competitors. However, the high protein product Puris creates for companies like Paul Kanning was approached by Puris to buy some seeds. Beyond Meat products are made from pea protein, while Impossible Foods uses soy protein. American pea farmers don't have peace of mind this Christmas.

The entry of Cargill, one the world’s largest privately held companies, in the market for imitation meat highlights the growing popularity of plant-based foods and expectations that consumers will continue to gobble up meat substitutes. More farmers are using peas as part of their crop rotation. El Segundo, Calif., (January 14, 2020) - Beyond Meat (NASDAQ: BYND), a leader in plant-based meat, today announced a multi-year pea protein supply agreement with Roquette, a global leader in plant-based ingredients and a pioneer of plant proteins. Lorenzen says peas are good for the soil. They're gonna go whatever direction they're gonna go," said Kanning. The thermometer says it's four degrees, but the Weather Channel says it feels like minus 3.Paul Kanning is trudging through the snow to grain bins on his nearly 3,000 acre farm. “On both, we’re competing,” Gutschenritter said. The company said it has invested $7 billion in animal protein in the last five years. Most U.S. grown peas are exported, and the two largest customers have slapped on huge tariffs. Data is a real-time snapshot *Data is delayed at least 15 minutes.
5:12. Demand for meat alternatives has soared as consumers add plant-based protein to their diets for health reasons and out of concern for animal welfare and environmental damage from livestock farming. Beyond Meat, which became the year’s hottest new stock after going public in May, promised investors in its IPO filing that Puris, one of its key suppliers, would soon add …

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