GFM Network News

Plant an old favourite

When I was just a boy growing up on the farm, I started a flower garden. Of course, this was before the era of designer plants and before bedding plants were available in the spring, at least in rural Saskatchewan! If you wanted to grow flowers you did it the old-fashioned way — you planted

Is it really true that CN and CP need more money?

Recently the Canadian Transportation Agency (CTA) announced that Prairie grain farmers will pay 9.5 per cent more to ship their grain. Based on the 2011 total freight bill under the revenue cap of $952 million, a 9.5 per cent increase means another $90 million straight out of the pockets of Prairie farmers. Based on 31

Cutting co-op support destabilizes rural economies

The termination of the Co-operative Development Initiative and the drastic cuts to the Rural and Co-operatives Secretariat announced in the federal budget will have a significant impact on the development of new co-operative businesses, jobs, and services for communities throughout Canada. In the year that the United Nations has declared the “International Year of Co-operatives,”

More Crops Briefs, Jan. 26

Viterra shares stumble after disappointing Q4 Reuters / Shares of Viterra fell sharply after the grain handler reported disappointing quarterly results. The company reported lower-than-expected fourth-quarter earnings of three cents a share, although revenue of $3.1 billion topped expectations. CEO Mayo Schmidt said the results were “definitely disappointing.” However, for the year, Viterra’s profit jumped

Mosaic Announces Special Dividend

U. S. fertilizer maker Mosaic Co. said on Oct. 26 it plans to return about $580 million to stockholders through a special cash dividend that will be financed using cash on hand. The special dividend of $1.30 per share will be paid on Dec. 3 to stockholders of record as of the close of business

Viterra, ABB Grain Come To Terms

“If (Viterra) did something else big after this, before this got some traction, then we think they might… bite off more than they can chew.” – ANIL PASSI OF CREDIT RATI NG AGENCY DBRS Canada’s top grain handler has agreed to buy Australia’s ABB Grain in a US$1.2 billion share-and-cash deal, giving Viterra better access