Campbell Soup Struggles With Role as Carrot Farmer Amid Drought
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Carrot farming is proving to be a tough job for Campbell Soup Co.
The soup giant, which acquired a carrot business as part of its 2012 purchase of Bolthouse Farms, is struggling with extreme weather in California, the crops’ main growing region. The conditions -- first drought, then intense rains -- contributed to a 28 percent decline in the division’s profit last quarter.