GFM Network News


Telus’ farm and food sector acquisitions take new shape

Canadian telco giant launches new Telus Agriculture unit

Canadian telco and info tech giant Telus has consolidated its recent — and ongoing — acquisitions in farm tech, ag data management and supply chain management into a single new business unit. The Vancouver company, one of Canada’s “big five” telecommunications firms, on Thursday formally launched Telus Agriculture, billed as “a new business unit dedicated

BMO regroups ag banking business

Ag-focused national banking team put in place

With COVID-19 serving to “accelerate” changes in the industry, BMO Bank of Montreal says it has reset its farm banking work under the oversight of an expanded national agriculture and agribusiness banking team. BMO announced the new team approach Oct. 14, describing it as “a national team of agriculture banking specialists — team members with


‘Glencore Agriculture’ to adopt Viterra brand

Worldwide ag business to rebrand later this year

A trademark that Swiss commodity firm Glencore picked up when it bought its way into Prairie agriculture is about to become the global brand for its agribusiness offspring. David Mattiske, CEO of Glencore Agriculture, announced in a statement Wednesday the company will rebrand the business to Viterra in “late 2020.” The Viterra brand dates back

Ottawa’s Agriculture Day gathering a sector-wide affair

Agriculture Day celebrations across Canada on Tuesday included a conference in Ottawa with roughly 500 attendees from across the ag sector. Hosted by Agriculture More than Ever, the event aimed to bring together people involved in agriculture, food and agribusiness. “We’re having a gathering to celebrate Canadian agriculture and food and the contributions that we

Bunge profit tops estimates on South American results

Chicago | Reuters — Agricultural commodities trader Bunge reported a stronger-than-expected quarterly profit on Wednesday as rising crop prices boosted farmer sales in South America and swelled margins in its large agribusiness segment, sending shares up more than three per cent in pre-market trading. But uncertainty about global trade and demand for Bunge’s food and


Improving global ag trade may not favour Canada

MarketsFarm — When it comes to improving global trade relations, a rising tide may not lift all boats. In the recently-signed Phase One trade deal between the U.S. and China, Beijing pledged to significantly increase Chinese purchases of U.S. soybeans and other agriculture goods. “Where does that leave room for Canada, given the demand side

La Coop federee to rebrand agribusiness arm

Crop and livestock producers dealing with the agribusiness division of Quebec’s La Coop federee can expect to see a new name in the game early next year. La Coop announced Sept. 25 it will change the name of the division — which today operates under the Elite and La Coop brand names — to Sollio

Bunge profit dives as grain glut hits margins

Chicago | Reuters –– U.S. agricultural trader Bunge reported on Wednesday a sharply lower first-quarter profit and cut its full-year earnings forecast as slow crop sales by farmers in South America squeezed margins in its core agribusiness unit, sending shares tumbling. White Plains, N.Y.-based Bunge said net income available to shareholders plunged 82 per cent


Derek Brewin will be leading the University of Manitoba’s department of agribusiness and agricultural economics for the next five years.

Brewin named department of agribusiness and agricultural economics head

The five-year appointment began January 1

Derek Brewin is the new department head of the University of Manitoba’s department of agribusiness and agricultural economics. Brewin started the five-year appointment effective Jan. 1. He holds a B.Sc. in agricultural economics from the University of Alberta in 1986, and went on to do an M.Sc. at the University of Saskatchewan in 1994 and

Bunge expects bounce from record U.S. harvest

Chicago | Reuters — U.S. agricultural products trader Bunge said Wednesday it expects the record-large U.S. corn and soybean harvest to help its earnings rebound from a weaker-than-expected third quarter. The company’s shares surged despite reporting disappointing results on Wednesday due to weather-reduced crops in South America, home to many of Bunge’s elevators and processing