Big payday for Schmidt if Viterra sells

Viterra CEO Mayo Schmidt will earn millions of dollars if Glencore buys Viterra, according to the Globe and Mail. Citing security filings the Globe says Mayo Schmidt will be paid an estimated $37.5 million through “a combination of the value of his stock holdings and of the fully vested value of his outstanding options and



New ICE wheat contract will struggle

The outlook for the new ICE Future Canada’s wheat futures market isn’t great, according to Neil Townsend, the Canadian Wheat Board’s North American market analyst. The long-running spring wheat futures market in Minneapolis didn’t get enough business before the Winnipeg market launched in January, he said. As a result, Minneapolis wasn’t “liquid” enough — a

Rising canola futures find point of resistance

Canola futures on the ICE Futures Canada trading platform moved higher during the week ended March 16. Concerns about the record pace of usage and the resulting depletion of old-crop canola stocks stimulated some of the upward price action. Chart-related speculative fund buying interest also contributed to the price advances. Much of that buying was


Farmers fear consolidation, not foreigners, in Viterra bid

Reuters / For most of the past year, western Canadian farmers have braced for the rush of competition that will follow the end of the Canadian Wheat Board’s 69-year-long monopoly on grain marketing in August. Now, they’re preparing for the possibility of seeing less than expected. The fertile region’s biggest grain handler, Viterra, said March

FNA gets into cash advance administration

Ontario’s ACC wants to expand in the West, but only into crops that aren’t covered now, says Jaye Atkins

Farmers taking out cash advances on their crops this year will see some changes in who is administering the programs. As the Canadian Canola Growers Association expands its administration to take over the crops formerly handled by the Canadian Wheat Board, a new player has emerged to manage the program for several commodities in Ontario


Tax credits rise on wheat, barley

Staff / Wheat and barley growers whose money stayed in the Western Grains Research Foundation’s checkoff fund during 2011 can expect a relatively larger tax credit for their buck. Prairie growers — other than Alberta barley growers, who pay into a different checkoff fund — will see their WGRF checkoff money eligible for federal Scientific

Currency risk protection offered

Volatile currencies can hurt your bottom line more than changes in commodity prices. That’s why the Keystone Agricultural Producers (KAP), in conjunction with Western Union Business Solutions, is introducing a new foreign exchange risk-management program. “If it makes sense to a producer, we can provide a solution,” said Mark Kelly, Western Union Business Solutions’ senior


Letters, March 22, 2012

Taxpayers on the hook (again) When I first saw the article in newspapers about $4.5 million for Maple Leaf upgrades, my first thought was, is it election time again, and so soon? I do not understand why Minister Vic Toews, chastises the city of Winnipeg and the media reporting as to what and whose sewage

CWB officials promote pools at grower meetings

While the Canadian Wheat Board had its monopoly, some farmers complained getting a “good, average price” for wheat wasn’t good enough. But in the coming open market, the board is betting lots will think that’s pretty good. “The average of the market through a pooling operation does actually return people the best value, overall, over