Paying More Won’t Help

Canada’s newly reappointed agriculture minister believes he knows where the answer lies to squeezing better service out of the railways. It’s in your wallet. While doing some post-election musing about the government’s priorities for agriculture over the next several years, Gerry Ritz suggested farmers would be willing to pay more to move their grain to

Brazil Farms Poised For Record Investment Boom

Brazilian farmers are spending like never before on farm equipment, fertilizer and other investments, a possible sea change in rural sentiment that could boost long-term output in a country that barely scratches the surface of its agricultural potential. An unprecedented $122 billion is expected to flow into the farm sector this year, up 12 per


Rail Revenue Cap Changes?

Gerry Ritz, who hopes to continue as Canada’s agriculture minister in the newly elected Harper majority government, said last week farmers might need to pay more for grain transportation in order to get better railway service. “We want a much more commercially based system,” said Ritz, who was re-elected May 2 in the Saskatchewan constituency

In Brief… – for May. 5, 2011

First quarter:Maple Leaf Foods Inc., passed on rising food costs to consumers in the first quarter and posted a higher profit April 28. Maple Leaf said its profit margins on prepared meats rose because of its price increases, although it also reported some volume declines. The company, which sells its products under such brands as


In Brief… – for Mar. 24, 2011

Farmer to Farmer:The Grain Growers of Canada has donated $1,000 to help Japanese farmers cope with the after-effects of the March 11 earthquake and tsunami. “Farmers in Canada have a long history of helping their neighbours in times of trouble and in this case our neighbours are global,” said executive director Richard Phillips, noting Japan

In Brief… – for Mar. 10, 2011

Cash for clunkers:Russia will spend an extra four billion rubles from this year’s budget to subsidize farm equipment leasing and may look into a “cash for clunkers” scheme to boost tractor purchases, Prime Minister Vladimir Putin said. “I hope it will help reap a good harvest and stabilize the situation with food prices,” he told


U.S. Farmland Surge Worries Key Lender

Agricultural bankers should be careful about lending to farmers who may be tempted to overextend themselves to invest in farmland as values skyrocket, the president of the Kansas City Federal Reserve Bank warned on Feb. 17. Bank chief Tom Hoenig said his bank was watching the land market for signs of a speculative bubble. A

Analyst Says Demand To Keep U.S. Wheat Prices High

U.S. wheat prices will stay at historically high levels this year given strong global food demand but they will not top the record highs seen in 2008, a top commodities market analyst said Feb. 9. “The trend is clearly up. I don’t think under any circumstance are we going to see anything close to what


Switching Over To Sheep “Doable,” Says Rancher

After 12 years in the equine-ranching business ended last spring, it didn’t take Steve Dryden and his brothers long to convert their operation over to sheep. He and his brothers Clay and Dave got busy retooling a 96-stall horse barn into an 800-head lamb feeder operation that saw its first intake of lambs arrive in

Mind The Global Output Gap

Escalating food and fuel prices are a sign the global economy is approaching full resource utilization and the limits of sustainable output. Policy-makers, commentators and investors are still fiercely debating whether high unemployment and idle factories in the United States and Europe are caused by cyclical lack of demand (in which case Keynesian demand management