Government announced $6 million to bolster food processors in Manitoba July 23; local companies say it will be a boon for their business.
Tag Archives Agribusiness
Manitoba food processors welcome funding
Government announced $6 million to bolster local food processors July 23
Farm ID system pitched to trim tax exemption paperwork
A Manitoba bill would replace point of sale tax-exemption paperwork with a farm ID number and biennial declaration
A Manitoba bill would cut point of sale paperwork when farmers buy things exempt from the provincial sales tax.
Government support for electric vehicle sector threatens agriculture says federation
The Canadian Federation of Independent Business is asking the federal government to re-assess its subsidies for electric vehicles and battery manufacturing in Canada.
Ag tech venture capital stays on sidelines
Entrepreneurs need patience, more plan to achieve profitability to unlock investment
Agriculture venture capital investment was an outlier in 2023, as it increased slightly over 2022, according to the Canadian Venture Capital Association (CVCA). However, that news belied pessimism on the state of ag tech at the recent Agri Tech Venture Forum in Toronto. The forum heard that the availability of capital for agriculture technology entrepreneurs has dried up significantly compared to the heady days of investment growth during the pandemic years.
Paterson buys out P&H’s share of Alliance Seed
Alliance Seed's operations won't be effected the companies said
Paterson Grain has bought out Parrish & Heimbecker's (P&H) share in Alliance Seed Corporation, the companies announced Dec. 8.
Activists target Ontario hog farm with ransomware
'We are dealing with adversaries whose motivation is not money'
A ransomware on a small Ontario hog business is something a cybersecurity expert says needs more attention from the agriculture industry. Instead of cash, the attackers demanded the hog business owners publicly admit to what they alleged to be livestock mistreatment. The occurrence was unique and alarming, says Ali Dehghantanha, Canada research chair in cybersecurity
U.S. ag businesses want Biden to allow more investment in Cuba
Canadian investment 'significant' in Cuban business
Havana | Reuters — U.S. agribusinesses, on a trade tour in Cuba, said on Tuesday they were “losing” in their bid to boost commerce with Cuban farmers and called on the Biden administration to ease restrictions and allow them to invest in private agriculture on the island. U.S. President Joe Biden last May loosened restrictions
Rabobank to offer Canadian farm-level lending
Dutch co-operative bank's Canadian arm to loan directly to farmers, starting on Prairies
Updated — A global financing firm operating at higher altitudes in Canada’s food and agrifood sector now plans to expand its business down to the farm and ranch level. The Canadian arm of Rabobank — an Amsterdam-based farmer co-operative lender, providing banking, leasing and real estate services in more than 38 countries — announced Tuesday
U.S. extends COVID vaccine requirements for non-citizens at land borders
U.S. agribusinesses still seeking exemptions for cross-border truckers
Washington | Reuters — The United States government said Thursday it’s extending a requirement that non-U.S. citizens crossing land or ferry terminals at the U.S.-Canada and U.S.-Mexico borders must be vaccinated against the coronavirus. The requirements were first adopted in November as part of reopening the United States to land crossings by foreign tourists after
The Andersons to pay debt, invest in core units after rail business sale
Renewable fuels, specialty foods investments considered
Chicago | Reuters — U.S. grain handler The Andersons plans to use US$550 million from the sale of its rail leasing business to pay down debt and invest in sustainable farming and low carbon initiatives in its core grain and fertilizer units, CEO Pat Bowe told Reuters on Tuesday. Maumee, Ohio-based Andersons sold its rail
Cyber-Savvy Farmer
