GFM Network News

Ritz touts genetics on trade mission to former Soviet Union states

Manitoba breeding stock, both cattle and hogs, are heading to Russia and Kazakhstan. In Russia, Genesus has secured an $8-million contract for 6,500 breeding swine, and in Kazakhstan, Xports International has sold Canadian purebred cattle valued at almost $3 million. Jim Long, president of Genesus, said that deal was inked with a company in the

Brazil potash deposit has 18 years of country’s needs

Reuters / A Brazilian fertilizer deposit owned by Canada’s Brazil PotashCorp has potash reserves equal to at least 18 years of Brazil’s potassium-fertilizer needs, a source with direct knowledge of the project told Reuters. The mine project has total potassium reserves of about 500 million tonnes of which at least 125 million, or a quarter,

Brazil’s Vale backs out of Argentine potash deal

sao paulo /reuters Brazilian miner Vale SA said March 11 it is suspending investments in its $6-billion Rio Colorado potash project in Argentina that has been plagued with cost overruns. The company said in a press statement that the project was not “in line with Vale’s commitment to discipline in capital allocation.” Vale had put

World Bank lends money for Mexican pork initiative

Reuters / The World Bank’s private-sector lender is loaning $40 million to Norson, a joint venture in Mexico of local investors and the world’s largest pork processor Smithfield Foods, to expand production and cut greenhouse gas emissions at its plants. The International Finance Corp. (IFC) said the loan will help Norson Holdings increase production, processing

Agrium doubling dividend under shareholder pressure

Reuters / Fertilizer maker and ag retailer Agrium said Oct. 22 it plans to double its annual dividend, marking its third increase to the payout in less than a year. The move, announced as the Calgary company completed a $900-million share buyback, comes amid pressure from its largest shareholder, Jana Partners LLC, which wants Agrium

Research looks for antibiotic alternatives

Plant-based peptides could offer alternatives to antibiotics currently used in livestock production, if research at Prairie Plant Systems pans out. The Saskatoon-based company is examining the possible applications of peptides possessing antibacterial properties. “It’s pretty preliminary research, but the idea behind it is to see if it’s possible to have feed amendments that could prevent

Activists turn investors in a bid to change farm practices

The Humane Society said it plans to introduce shareholder proposals next year promoting alternatives to sow stalls

The Humane Society of the United States has bought shares in four major financial services companies in a bid to use shareholder pressure to force two of the nation’s largest pork producers to stop housing pregnant sows in gestation stalls. The animal rights group said Aug. 31 that its investment — a relatively small $3,000

Farm accident results in $50,000 fine

A Carberry-area potato farm has been fined nearly $50,000 following an investigation into a serious farm accident on Sept. 18, 2010. The 15-year-old girl, a seasonal worker at ShellMark Farms Ltd., had attempted to straddle a moving conveyor belt by placing her foot on the north-side lip of the conveyor when she lost her balance.