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Cost index for railways’ grain revenue cap gets boost

The loonie’s decline since last year has led federal regulators to dial up the index guiding how much money Canada’s big two railways get to keep from hauling Prairie grain. The Canadian Transportation Agency (CTA) announced Friday it will raise its volume-related composite price index (VRCPI) by 4.8 per cent, to 1.3275, for the 2016-17

Crops

CN books lower first-quarter grain handle

By GFM Network News, Manitoba Co-operator Staff April 25, 2016

Higher revenue per carload offset reduced grain and fertilizer traffic for Canadian National Railway (CN) in its first fiscal quarter. Montreal-based CN on Monday reported overall net income of $792 million on total revenues of $2.964 billion for the quarter ending March 31, up from $704 million on $3.098 billion in the year-earlier Q1. The

Crops

Ottawa moves to extend expanded rail interswitching

By Dave Bedard, GFM Network News April 22, 2016

Prairie crop growers hoping that changes in federal rail freight rules will continue past their expiration date are about to get their wish. Transport Minister Marc Garneau and Agriculture Minister Lawrence MacAulay on Friday announced they would bring forward a resolution in Parliament to extend provisions of the previous government’s Bill C-30, the Fair Rail

Crops

CP pulls more grain for less in first quarter

By GFM Network News, Manitoba Co-operator Staff April 22, 2016

Canadian Pacific Railway (CP) hauled more carloads of Canadian grain in its first quarter of 2016 compared to the same period last year — but for less revenue per car. Calgary-based CP on Wednesday reported overall net income of $540 million on revenues of $1.591 billion for its quarter ending March 31, up from $320

Crops

Flax expected to lose a third of acres

By GFM Network News, Jade Markus April 21, 2016

CNS Canada — Canada’s flax acres are expected to fall about a third from last year’s levels, according to Statistics Canada data. One market participant says weaker prices have influenced farmers, while another says smaller crops are often overlooked during surveys. StatsCan estimates flax’s seeded area at about 1.1 million acres, compared with 1.6 million acres

Crops

Doomsday Vault keepers move to lock up more funding

By Alister Doyle, GFM Network News April 17, 2016

Oslo | Reuters — The Crop Trust, which runs a so-called doomsday seed vault in the Arctic, secured a doubling of its core funds on Friday and urged the private sector to do more to safeguard commercial food production. Friday’s pledges totalling about $150 million were mainly from governments, including the U.S., Germany and Australia,

Crops, Markets

Post-CWB review flags grain trade ‘inefficiency’

By GFM Network News, Manitoba Co-operator Staff April 13, 2016

WITHDRAWN, April 15, 2016: A historian’s review of the Prairie grain trade, commissioned by supporters of the former single marketing desk for wheat and barley, suggests history is repeating itself at grain growers’ expense — but the data on which the review is based is now being questioned. The Canadian Wheat Board Alliance on Wednesday released a

The CRTC’s map of broadband internet availability in the Prairie provinces, at the end of 2014. Green areas denote fixed wireless service; yellow denotes LTE; purple and blue denote cable and DSL/fibre connections respectively. (CRTC.gc.ca)

Crops

Prairie farmers look to increase tech use, but face obstacles

By GFM Network News, Jade Markus April 11, 2016

CNS Canada — As spring approaches, some producers are searching for new technology to integrate into their operations — while others have opted out of the ag tech sector, whether by choice or through a lack of accessibility. “Even two years ago, it was way worse out there in terms of apps, in terms of

Crops

CP scraps plans to buy Norfolk Southern

By GFM Network News, Reuters April 11, 2016

Reuters — Canadian Pacific Railway said on Monday it had scrapped efforts to buy Norfolk Southern, almost six months after it launched its unsolicited US$28 billion bid for the fourth-largest U.S. railroad operator. The announcement comes days after the U.S. Justice Department urged the Surface Transportation Board to reject a voting trust arrangement CP had

Crops

U.S. Justice Dept. urges rejection of CP voting trust

By GFM Network News April 9, 2016

Reuters — The U.S. Justice Department on Friday urged a regulator to reject a voting trust Canadian Pacific Railway (CP) has proposed as part of its takeover bid for U.S. railway Norfolk Southern, saying it could hurt competition and would violate rules. In mid-November, CP disclosed a $28 billion offer for the Virginia-based company, which

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Flax

Cost index for railways’ grain revenue cap gets boost

CN books lower first-quarter grain handle

Ottawa moves to extend expanded rail interswitching

CP pulls more grain for less in first quarter

Flax expected to lose a third of acres

Doomsday Vault keepers move to lock up more funding

Post-CWB review flags grain trade ‘inefficiency’

Prairie farmers look to increase tech use, but face obstacles

CP scraps plans to buy Norfolk Southern

U.S. Justice Dept. urges rejection of CP voting trust

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