A few of the most significant business news stories from across the state during the week ending Friday night.
Something to crow about: China lifted its ban on U.S. poultry imports. Minnesota is the nation’s largest turkey producer and China ranked as the state’s second-largest foreign market for turkeys previous to the ban, which was caused by an outbreak of avian flu.
Record-setting hard freeze halts harvest for Moorehead, MN-based American Crystal Sugar beet farmers. As a result, farmers have to repay the cooperative $343 per unharvested acre (though insurance from the Farm Bill will cover some of this).
Doosan Bobcat announced plans to invest $26 million in its Litchfield, MN, facility and add 200 jobs there. The company also just invested $2 million into a new global collaboration center in downtown Minneapolis.
Faegre Baker Daniels may merge with Drinker Biddle & Reath of Philadelphia.