GFM Network News


Popcorn makers could face long, expensive road to lose trans fats

Microwave popcorn makers could face a long and difficult task ridding their snacks of trans fats, if a U.S. Food and Drug Administration proposal to ban the additives goes into effect. Just ask Orville Redenbacher. Redenbacher’s, a division of ConAgra Foods Inc., spent six years changing its leading line of popcorn, company scientists said Nov.

ADM worried about soybean supplies

Archer Daniels Midland Co. is “very concerned” about the potential for low U.S. soybean supplies due to a shift toward corn plantings, said Craig Huss, chief risk officer. Farmers are expected to increase corn plantings to a 75-year high this spring to take advantage of high prices, and to plant fewer acres of soybeans than


Falling crop prices may be a harvest for retail

Corn, wheat and cotton prices are expected to fall — and that could lead to gains in sectors far removed from the farm. Deere & Company predicted on its February earnings call that agricultural commodities will lose ground this year. The farm equipment maker estimates that corn prices will fall 17 per cent through the

South Australian Harvest Boosts Viterra Profit

Viterra Inc., Canada’s biggest grain handler and farm retailer, posted its biggest-ever first-quarter profit March 9, easily beating expectations, as the company reaped the benefits of a record harvest in South Australia and high crop prices. “This is a great time to be in the business of producing and marketing food ingredients as the world’s

Bankers Say Spinoff Could Put Mosaic In Play

Agribusiness giant Cargill Inc. plans to spin off its $24-billion majority stake in Mosaic Co., a move that could eventually lead to a takeover of Mosaic, the world’s second-largest fertilizer producer. The distribution of the 64 per cent stake in Mosaic will allow Cargill to maintain its private company status while enabling Cargill family trusts


Monsanto Acknowledges Role In “Super Weeds”

Monsanto Co. said on May 27 it will restructure its herbicide products in an effort to help combat the spreading environmental woes of herbicide-resistant weeds, also known as “super weeds,” which many critics have blamed on the chemical giant. “We need to get in front of this,” Monsanto chairman Hugh Grant said in a conference

Some Farmers Asking Who Is Liable?

Saskatchewan farmer Gordon Nodge asked the question that’s on a lot of farmers’ minds: Who’s to blame for the contamination of Canada’s flax by CDC Triffid? “The liability for the inadvertent leak and subsequent contamination (of Canada’s non-GM flax) must lay somewhere,” said the farmer from Swift Current, Sask., during a conference call March 18

Viterra Buys North Dakota Pasta Processor

Viterra Inc. said March 10 it planned to acquire Dakota Growers Pasta Co., based in Carrington, North Dakota. It did not provide an acquisition price, but it said that Dakota Growers has an enterprise value of US$240 million. Dakota Growers is one of the largest durum mills in North America and the third-largest producer of


Mosaic Sees Potash Sales Rising In 2010

Fertilizer producer Mosaic Co. said Jan. 6 it expects shipments of potash to increase in 2010 following dismal demand for the crop nutrient in 2009. The company expects global potash shipments of 47 million tonnes to 50 million tonnes in 2010, compared with global sales of about 32 million tonnes in 2009, a company executive

Agrium Profit Down, But Gets Regulatory Ruling

Agrium Inc. reported a 93 per cent plunge in its quarterly profit Nov. 4, but the fertilizer maker and agricultural products retailer expects sales to rebound in 2010. Calgary, Alberta-based Agrium, which is locked in a lengthy battle to buy U. S. rival CF Industries, said the sharp decline in profit was due primarily to