Bankruptcy Archives - Page 6 of 7 - Manitoba Co-operator

U. S. will fail to meet 2022 biofuels mandate

January 29, 2009

The United States will fall short of its federal mandate to blend 36 billion gallons per year of biofuels like ethanol into gasoline by 2022, the government’s top energy forecasting agency said Dec. 17. The 36-billion-gallon target of blending motor fuel alternatives, such as traditional ethanol made from corn and next-generation cellulosic ethanol made from

News, Oilseeds, Poultry

U. S. farmers remain hopeful even as profits erode

By Karl Plume January 29, 2009

“With that kind of volatility you just lose track of fundamentals.” –Illinois farmer Garry Niemeyer Iowa farmer Gordon Wassenaar says he is optimistic about 2009, displaying a sometimes puzzling “glass half full” mentality needed in a profession in which Mother Nature can wipe out months of work overnight. He and other U. S. farmers notched

Livestock Markets

Pigeon King summoned to court

By Jim Romahn January 8, 2009

James and Wilma Wiersma have become the centre of attention for about 450 people who hold personal contracts with Arlen Galbraith, the Pigeon King from Waterloo, Ont. The Wiersmas have done what many hoped someone could do: petition Galbraith into personal bankruptcy. Galbraith, however, is fighting the petition and his lawyer is preparing for a

News

Investors chase Pigeon King

By Jim Romahn December 11, 2008

Pigeon King Arlan Galbraith told bankruptcy officials here recently that he will hire a lawyer to fight a move by James Wiersma to petition him into personal bankruptcy. The next step is a hearing Dec. 9 and it’s likely that a bankruptcy court hearing will be scheduled then for sometime in January. In the meantime,

News

Ethanol slump blindsides U. S. corn growers

By Karl Plume December 4, 2008

Shrinking ethanol profits and a deepening recession that helped topple biofuels giant VeraSun into bankruptcy last month will force U. S. farmers to be far more skeptical of their corn buyers in the future. Farmers welcomed the rapid expansion of ethanol producers whose deep pockets helped propel the price of corn to record highs. But

News, Poultry

A Pilgrim’s Pride bankruptcy may help rivals

November 27, 2008

Any bankruptcy filing by Pilgrim’s Pride Corp., the largest U. S. chicken producer, could support higher pricing for the entire poultry industry as capacity is taken out, Fitch Rating said Nov. 18. A Pilgrim’s Pride bankruptcy looks “pretty inevitable,” given that the company has hired a restructuring adviser and is exercising a grace period for

News

U. S. ethanol profits slip on softer fuel prices

November 20, 2008

Profit margins for U. S. ethanol distillers slipped to evermore dismal levels this week as the price of the alternative motor fuel fell about 10 cents a gallon. Average U. S. distillers were making about 10 cents per gallon for the week ending Nov. 13, about 10 cents lower than the previous week (all figures

News

U. S. biofuels sector sees ally in Obama

By Charles Abbott November 13, 2008

U. S. biofuel makers, struggling to make a profit at a time of tumbling oil and gasoline prices, look upon president-elect Barack Obama as a staunch ally for growth. Obama has expressed support for the federal requirement to use ethanol, made mostly from corn, as a motor fuel and says he will accelerate the development

News

U. S. ethanol industry could face more bankruptcies

By Nichola Groom, Timothy Gardner November 13, 2008

More U. S. ethanol distillers may be forced to seek bankruptcy protection if they fail to keep costs down as the industry gets squeezed by oil refiners and gyrating corn costs alike. VeraSun Energy Corp., the largest publicly traded U. S. ethanol company with 14 distilleries across eight states, said Oct. 31 it was seeking

Grain Markets, Oilseeds

“Farmers will be driving Maseratis” and other news

November 13, 2008

For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed futures at ICE Futures Canada in Winnipeg closed the week ended Nov. 6 higher. Canola prices rallied as farmers virtually turned off the tap and stopped delivering. Traders feel it will take farm gate bids of

U.S. grains: Soybean futures set two-week high on US weather worry, soyoil rally

Alberta Crop Report: Rains in the south, dryness in the north

Agriculture ministers agree to AgriStability changes

Daily Network News

U.S. grains: Soybean futures set two-week high on US weather worry, soyoil rally

Alberta Crop Report: Rains in the south, dryness in the north

Agriculture ministers agree to AgriStability changes

U. S. will fail to meet 2022 biofuels mandate

U. S. farmers remain hopeful even as profits erode

Pigeon King summoned to court

Investors chase Pigeon King

Ethanol slump blindsides U. S. corn growers

A Pilgrim’s Pride bankruptcy may help rivals

U. S. ethanol profits slip on softer fuel prices

U. S. biofuels sector sees ally in Obama

U. S. ethanol industry could face more bankruptcies

“Farmers will be driving Maseratis” and other news

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