Bankruptcy Archives - Page 4 of 7 - Manitoba Co-operator

Pigeon King Declares Bankruptcy

By Jim Romahn January 7, 2010

in There are contracts Arlan Galbraith, the Pigeon King, has yielded to creditor pressure and has gone into personal bankruptcy. His lawyer filed a “consent decree” in Superior Court in London, avoiding a hearing where witnesses were prepared to testify about his failure to honour contracts to buy breeding-stock pigeons. The next steps are now

News, Pulses

New Pulse Buyer Shuttered

By Allan Dawson November 26, 2009

Altona pulse crop processor Sunbelt Prairie Products has closed its doors before it opened. The firm, owned by Makhdoom Abbas, who is also president and CEO of international food-processing firm Zeb Rice Ltd., went into receivership Nov. 16, said Collin LeGall with Winnipeg-based Lazer Grant, a trustee in bankruptcy. There’s a good possibility some other

Hogs, Livestock

Big Sky Files For Creditor Protection: Reports

By Manitoba Co-operator Staff November 19, 2009

Big Sky Farms, the largest hog production company in Saskatchewan, has applied for creditor protection, according to Saskatchewan media. The Humboldt, Sask. company cited an unprecedented downturn in North America’s markets for pork, Canadian Press said Nov. 11. CBC quoted Big Sky CEO Casey Smit as saying in a news release that “while today’s actions

Cereals, Grain Markets

Ethanol Still Supporting Grain Markets

By Don Bousquet October 1, 2009

For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oi l seed prices at ICE Futures Canada in Winnipeg closed the week ended Sept. 25 lower with modest losses in canola. Canola was pressured down by the advancing harvest, favourable weather, bearish technical signals, slower demand

Beef cattle, News, Poultry

In Brief… – for Sep. 24, 2009

September 24, 2009

Food aid budgets crash: Food aid is at a 20-year low despite the number of critically hungry people soaring this year to its highest level ever. Josette Sheeran, UN World Food Programme’s (WFP) executive director said the number of hungry people passed one billion this year for the first time, adding the UN has barely

Livestock

Bumper U. S. Harvest Won’t Help Livestock

September 24, 2009

U. S. farmers are gearing up to harvest huge corn and soybean crops in the Midwest grain belt, but the bumper crops will not bring down the costs of food items made from them. Traditionally, livestock and dairy producers increase production when feed costs decrease. But banks may be reluctant to fund expansion efforts for

News, Oilseeds

Viterra Enters Canola-Crushing Business

By Ron Friesen August 6, 2009

A Manitoba canola-crushing plant with a checkered past has a new owner who promises a bright future for the facility. Viterra Inc. last week held a grand opening for its canola crush operation which it purchased earlier this year from Associated Proteins LP. It’s Viterra’s first venture into the canola-crushing business but likely not the

News

GM Closures Hit Rural Manitoba Hard

By Ron Friesen July 2, 2009

“It’s going to be a big blow to the community, that’s for sure.” – KEN GREAVETT, ERICKSON CHAMBER OF COMMERCE The long arm of the North American automobile industry crisis has reached beyond Detroit and Oshawa to affect small-town Manitoba. General Motors will shut down at least half a dozen of its dealerships in Manitoba,

Cereals, Grain Markets, Oilseeds

Could We Run Out Of Canola In 2009-10?

By Don Bousquet July 2, 2009

For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oi l seed prices at the ICE Canada futures market closed the week ended June 25 mixed with canola down modestly despite the crop problems induced by weather. Trading volumes were subdued as many participants have taken

News, Oilseeds

Viterra To Buy Manitoba Canola Crusher

By Dave Bedard June 18, 2009

The “cold-press” canola crushing plant at Ste. Agathe is becoming the latest acquisition for Canada’s largest grain company. Viterra announced Monday it will buy the Associated Proteins plant in the industrial park on the community’s west side for $64 million plus “working capital.” Pending approval from the federal Competition Bureau, the company said it expects

Canada eyes Mercosur trade pact to reduce U.S. reliance, minister says

Canada and New Zealand resolve dairy trade dispute, Canada says

Second Harvest redirecting surplus food to those in need

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