GFM Network News


Syngenta buys biologics group Valagro

Syngenta expects the market for biologicals to double by 2025

Syngenta, the Swiss agrichemicals giant owned by ChemChina, has acquired Italian biologicals group Valagro, a company with US$175 million in 2019 sales that uses natural solutions to fight pests and diseases and to improve crops. Syngenta said in a statement Oct. 6 the acquisition positioned its crop protection business as a key player in the

Navigating through the COVID-19 black swan

Average and below-average business managers are the most at risk during the pandemic

Black swan” is a metaphor to describe an unpredictable, widespread but exceptionally rare event that takes everyone by surprise. It’s a term often used in agriculture to describe unique events like the dust bowl of the 1930s when drought ravaged the agricultural industry in North America. Without question, the COVID-19 pandemic qualifies as one of


CNH Industrial guides for revenue fall up to 20 per cent

Milan | Reuters – Vehicle and equipment maker CNH Industrial posted a narrower-than-expected second quarter loss on Thursday and forecast net sales from industrial activities would fall between 15-20 percent this year, as a consequence of the COIVD-19 epidemic. In March the group, which is controlled by Exor, the holding company of Italy’s Agnelli family,

JBS invests $19-million in safety measures amid COVID-19 pandemic

Sao Paulo | Reuters –Brazilian food processor JBS SA has invested more than 100 million reais ($19.3 million) in health, safety and contingency measures at all its Brazilian production units, according to a Wednesday company statement that comes as the novel coronavirus continues to ravage local meat plants. The company said the funds were invested



Bunge raises outlook as agribusiness profits beat Wall Street estimates

Reuters – Agricultural commodities trader Bunge Ltd on Wednesday raised its full-year outlook after its second-quarter profit handily beat Wall Street estimates, sending shares up more than 5 percent in premarket trading. Despite a worsening coronavirus pandemic that has rattled global markets, strong soy processing margins in South America, Europe and Asia and accelerated crop

Comment: The Empress, The Player, and the Annoyed

Grocery leaders were summoned to a parliamentary committee recently

Top Canadian grocers testified before a parliamentary standing committee recently, to explain why all COVID-19 incentive programs were cancelled within hours. Most grocery store and distribution center employees were paid extra at the beginning of the pandemic, only to see wages now go back to pre-COVID levels. CEOs who testified were Loblaws’ Sarah Davis, Empire

Culinary in the age of COVID

There’s never been anything like it when it comes to Canadian restaurants

Closures, layoffs, worry over how to pay the bills, slow reopening with limited seating and a very wary clientele that’s slow to return. That’s just some of the ‘new normal’ for Canadian restaurateurs, according to the University of Guelph’s sixth and final webinar in a series featuring agri-food experts about food and agriculture during the


Feds proposing to expand wage subsidy program

Ottawa | Reuters — The Canadian government wants to expand an emergency wage subsidy program so that all businesses suffering losses from the COVID-19 outbreak will benefit, Finance Minister Bill Morneau said on Friday. Morneau told a news conference that Ottawa would drop an earlier requirement stipulating that businesses needed to show a 30 per

Roquette’s pea plant has promised to be a boon for the sector, but are growers ready to sign on the dotted line?

Farmers weighing the balance on Roquette pea contracts

The upcoming pea protein plant has gained a lot of attention, now farmers are wondering if the premium will be worth the trouble

Farmers now see what Roquette wants in its first yellow pea contracts — and some are questioning whether there is enough bang for the buck to make the crop worthwhile. The company will be contracting yellow peas for its long-awaited plant in Portage la Prairie this year, ahead of the plant’s planned opening this fall.