Business Archives - Page 3 of 52 - Manitoba Co-operator

HyLife’s new 47,462-square-foot headquarters in Steinbach, Man.

HyLife opens new Steinbach headquarters

Local dignitaries and HyLife Foods leaders cut the ribbon Aug. 25

By Manitoba Co-operator Staff September 7, 2023

HyLife celebrated the grand opening of its new, nearly 50,000-square-foot headquarters in Steinbach on Aug. 25. “This is more than a building; it is a new home and anchor for HyLife that we hope will become a community landmark,” said Grant Lazaruk, HyLife’s president and CEO, in an Aug. 28 news release. “After several years

News

Mosaic CEO to step down

By Sourasis Bose September 7, 2023

Reuters – Fertilizer maker Mosaic’s CEO, James O’Rourke, will step down from his position effective Dec. 31, ahead of his planned retirement next year, the company said Aug. 29. Shares of the top U.S. phosphate maker fell 1.7 per cent in extended trading. Bruce Bodine, Mosaic’s senior vice-president of North America, will take charge as

Prices for ag imports and services have soared during COVID and the Ukrainian war years.

Comment, Op/Ed

Comment: War is expensive both on and off the battlefield

However you describe it, war is expensive. For some, it’s extremely profitable, too

By Alan Guebert August 23, 2023

Union general William T. Sherman once famously said, “War is hell.” However you describe it, war is expensive. For some, it’s extremely profitable, too. Shooting wars aren’t the only type of warfare that are costly, deadly and often without a winner. In January 2022, the International Monetary Fund estimated the total cost of the COVID-19

News

Farmers Edge announces workforce cuts

The Manitoba-based digital agronomy firm has also closed its Australian operation, documents show

By Manitoba Co-operator Staff August 21, 2023

Farmers Edge has announced layoffs of 20 per cent of its workforce as the company continues to struggle financially. In an Aug. 10 news release, the Manitoba-based digital agriculture firm said it had “delivered on its previously commenced plan in the fall of 2022 to achieve $20 million in annualized cost savings.” This involved “realignment”

Mosaic’s K2 potash plant near Esterhazy, Sask. in 2015.

News

Mosaic restarts Canadian potash mine

By Rod Nickel, Sourasis Bose August 11, 2023

Reuters – Mosaic restarted a Canadian potash plant last month after idling it since December due to waning demand for the crop fertilizer. The company says it expects tight supplies through 2023. Mosaic restarted the Colonsay, Sask., mine to offset a short-term drop in potash production that was due to summer maintenance at the larger

Viterra and G3 are dominant in wheat, while Bunge is dominant in canola, soy and corn. Combining them gives one company massive market power over the largest crops grown in and exported by Canada.

Comment, Op/Ed

Comment: Bunge-Viterra merger has drastic implications for Canadian farmers

It’s time for farmers to once again have an owning stake in the grain system

By Cathy Holtslander July 25, 2023

Just five companies, known as the ABCD group, control up to 90 per cent of the world grain trade — and the B in this group is about to get much bigger. B is for Bunge, which has announced it is in the process of buying Viterra. The other ABCD companies are Archer Daniels Midland,

'The success of Canada’s economy doesn’t truly rely on a few favoured firms that are able to capture regulators and curry favour with politicians.' – Gord Gilmour.

Editorial, Op/Ed

Editorial: Checks and balances needed

By Gord Gilmour June 29, 2023

There’s a deepening need in Canada to increase oversight into competition in our economy, as evidenced by the latest food-related scandal. Canada Bread, an arm of the Mexican multinational Groupo Bimbo, just agreed to pay a $50-million settlement for its part in a bread price-fixing scheme. It was a conspiracy that ran for 14 to

News

Tyson Foods announces layoffs

By Tom Polansek June 23, 2023

Reuters – Tyson Foods, which is seeking to cut costs, will lay off 228 corporate employees in Illinois who declined to relocate to the meatpacker’s Arkansas headquarters, the company confirmed June 13. The company said it will eliminate 177 positions from an office in downtown Chicago and 51 positions in Downers Grove, a suburb of

News

Manitoba’s first potash mine begins production

Business plan focuses on local economic development

By Don Norman June 22, 2023

After decades of exploration and several attempts, Manitoba’s first potash mine is up and running. The Potash and Agri Development Corporation of Manitoba (PADCOM) mine is near Harrowby, 16 kilometres west of Russell. It is expected to produce between 100,000 and 250,000 tonnes of potash per year. “After years of researching the potential of this

The interior of Burcon’s Winnipeg Technical Centre.

News

Burcon adds processor scale-up services

Company says the move leverages its expertise and equipment to attract new business

By Don Norman June 19, 2023

Manitoba agri-food processors will soon be able to access Burcon’s protein processing equipment to help get their food products to market. Burcon NutraScience Corporation, which focuses on plant proteins and ingredients for the food and beverage sector, says it will offer start-to-finish product development services for processors. “We saw that gap in the industry and

Daily Network News

Trump tells farmers that tractor companies should lower prices

Get farmers in on federal water security strategy planning, CFA says

U.S. finalizes biofuel blending quotas for 2026-27, cuts RINS for foreign feedstocks

Tag Archives Business

HyLife opens new Steinbach headquarters

Mosaic CEO to step down

Comment: War is expensive both on and off the battlefield

Farmers Edge announces workforce cuts

Mosaic restarts Canadian potash mine

Comment: Bunge-Viterra merger has drastic implications for Canadian farmers

Editorial: Checks and balances needed

Tyson Foods announces layoffs

Manitoba’s first potash mine begins production

Burcon adds processor scale-up services

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