GFM Network News


Bayer expects earnings growth on agriculture

New ag products are expected to spur ‘above-market’ growth next year

Reuters – Germany’s Bayer on March 10 pledged to revive growth in adjusted earnings by 2024, helped by the launch of products such as digital farming services, soy seeds and non-prescription remedies. The agriculture and pharmaceuticals group said in a statement it was aiming for core earnings per share of between seven and 7.50 euros (C$10.53-$11.28) by 2024,

Roquette was forced to deal with a quickly evolving situation while also managing its construction process at Portage la Prairie.

Protein companies ponder COVID-19 echoes

How many of the COVID-19 adjustments are likely to stick as the ‘old normal’ slowly reasserts itself?

Flip the calendar back to this time last year. It’s the first months of 2020. COVID-19 is just starting to worm its way into the North American consciousness. Most of us have just heard the phrase “social distancing” for the first time. The first COVID-19-related public health orders are being released. Inside food-processing plants and


Roquette initially thought the bulk of its peas for its processing facility would come from Saskatchewan, but so far Manitoba producers have risen to the challenge.

Manitoba ‘the Silicon Valley of plant-based protein’

Regulatory burdens are holding back the sector's true potential, one industry leader says

The person tasked with opening the world’s largest pea protein facility says Manitoba “can be the Silicon Valley of plant-based proteins” – but regulatory changes are needed. Dominic Baumann, CEO of Roquette Canada, made the bold declaration during a virtual event put on by the Canadian Agri-Food Policy Institute (CAPI) focusing on investment and sustainability


Kelly Dobson (right) speaks to the virtual Advancing Women in Agriculture Conference on November 24, joined by friend Brent Van Koughnet.

Leadership effectiveness critical to farm success

Poor leadership prevents critical decisions, conversations from being confronted head on, says leadership coach Kelly Dobson

Technical competency and a good work ethic are no longer enough to be a successful farmer. Farmers need to develop personal and leadership capacity, Kelly Dobson told the Advancing Women in Agriculture Conference. Hard work and skill are “actually the minimum standard,” said Dobson, a certified executive coach with Leadershift, and a farmer from Fairfax, Manitoba. “Who


CN celebrates independence anniversary

CN celebrates independence anniversary

Last month marked 25 years since the company was privatized in what was then the largest initial public offering in Canadian history

CN is celebrating a quarter-century of privatization. The company, which was at the time Canada’s largest and oldest Crown corporation, was the largest IPO in Canadian history. On Nov. 17, 1995, investors spent C$2.25 billion snapping up shares. The company is using the celebration to tout its transformation into “… a world-class transportation leader and

The enormous Roquette pea-processing plant at Portage la Prairie is due to open at the end of the year.

Roquette puts out call for organic peas

The Portage la Prairie processor ‘very confident’ growers can supply enough organic peas

Manitoba organic producers will be able to sell peas to processing giant Roquette in the 2021 season, the company announced on Oct. 28. Interest among growers has already been high, said Glen Last, grain buyer at Roquette during a call with media. “We’re very confident that the grower base is there,” he said. Roquette continues

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

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

Photo: CNH Industrial

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,