China set for record corn imports on crop damage

Reuters / China is likely to import a record volume of corn in the next marketing year, as the world’s second-largest consumer takes advantage of a fall in global prices and after the domestic crop suffered damage from mould and wet weather delayed plantings. Imports are expected to reach between six million and seven million

Manitoba farmer continues push for merger of commodity groups

A Halbstadt farmer says his call to create three big Prairie-wide commodity groups is getting positive reviews — but no organizations have officially embraced the idea so far. Last month, Danny Penner issued a discussion document calling for the merger of existing commodity groups to make them more efficient and effective. “In person, I have


High costs expected to bite into U.S. farm profit

The seven-year-old U.S. agricultural boom, driven by record-high commodity prices and painfully tight supplies, is expected to peak this year and then come to an abrupt end as high costs start to bite, the government projected Feb. 11. The U.S. Agriculture Department said farm income would soar to a record $127.6 billion this year, up



A new plan is needed

The description of Big Sky Farms Inc. circulated by the receiver trying to find a buyer for the failing hog production company’s assets is appropriately labelled a “teaser.” The Humboldt, Sask. business is the second-largest hog-producing company in Canada with capacity to produce up to one million hogs annually. We are told it is one

U.S. corn harvest on record pace, soy lagging

Reuters / U.S. corn harvest was a record 87 per cent complete and farmers had finished 80 per cent of soybean harvest as of Sunday, Oct. 21 according to a U.S. Agriculture Department report issued on Monday, but the tail end of their combining efforts was expected to be slow due to rain. Analysts had


USDA hears earful about corn estimates at annual meeting

Reuters / Top U.S. agriculture officials Monday were to face questions about quarterly estimates for corn inventories that have frustrated traders and roiled markets for the past two years. Traders said they would raise their concerns about supply estimates at the U.S. Department of Agriculture’s annual meeting in Chicago for users of agricultural data. The

U.S. farm law expires amidst Congressional standoff

Reuters / Expiration of U.S. farm law on Oct. 1, shutting off dairy supports and putting 2013 crop subsidies in limbo, was expected to cause pain for some farmers and frustration for many, but programs like food stamps and crop insurance will roll on, analysts said. U.S. government funding is assured through March 2013 for