Business/Finance Archives - Page 17 of 63

Protein Industries Canada chair Frank Hart told the ‘Thought Leader’s Summit’ in Winnipeg Oct. 3 the new ‘supercluster’ created to make Canadian plant protein a leader on world markets is close to operational.

Protein Industries Canada lays out ambitious plans

Its goal is making Canada the world’s preferred source for plant-based protein

By Allan Dawson October 16, 2018

Like the weather, everybody talks about ‘value added’ in Western Canada, but nobody does anything about it. Until now. Protein Industries Canada (PIC) says it’s going to make Western Canada a global leader in plant protein as an ingredient in human food and livestock feed. With world population on the rise both are in increasing

News, Other

Consultation on plant variety royalty options soon starting

The seed sector says the goal is encouraging more plant-breeding investment in Canada

By Allan Dawson October 16, 2018

Federal government consultations on ways to encourage more investment in plant breeding will start this fall, says Todd Hyra, president of the Canadian Seed Trade Association (CSTA) and SeCan’s business manager for Western Canada. “It’s really about how to generate investment for plant breeders, incent investment by new innovators that want to come to Canada

Comment, Opinion

Comment: Winning the trade war?

Will the U.S.-China trade war end up worthwhile for U.S. soybeans?

By Karen Braun October 16, 2018

China’s absence from the U.S. soybean market has put tremendous pressure on both soybean growers and Chicago-traded soybean futures over the last several months. But the United States’ new trade pact with Mexico and Canada may offer some hope for a similar outcome with major U.S. trade partner China. The United States and Canada reached

Comment, Opinion

Opinion: How the USMCA democratized supply management

We’re 20 years behind the rest of the world’s industrialized countries and need to have a national conversation

By Sylvain Charlebois October 16, 2018

Nobody should be surprised. Concessions on dairy access during the United States-Mexico-Canada Agreement (USMCA) negotiations were foreseeable. Americans went from wanting to “tweak” the deal last year to getting significant concessions from Canada. It is a deal we needed of course, but one must wonder how our supply management system will fare moving forward. And specifically, how our

Bayer Canada’s CropScience Division has decided to keep its headquarters in Calgary. As a result, Monsanto Canada’s head office in Winnipeg will close by Sept. 1, 2019.

Local news, News, Other

Monsanto Canada’s Winnipeg office closing Sept. 1, 2019

Bayer, which purchased Monsanto in June, will keep its crop science headquarters in Calgary

By Allan Dawson October 15, 2018

Monsanto Canada’s ‘legacy’ head office at the University of Manitoba’s SmartPark in Winnipeg will close by Sept. 1, 2019, Trish Jordan, public and industry affairs director for Bayer Canada’s CropScience Division, confirmed in an interview Oct. 12. It’s part of Bayer’s US$63-billion purchase of Monsanto in June. Bayer Canada’s CropScience Division is headquartered in Calgary

Hand over wheat field in early summer evening.

News

Canada’s grain industry welcomes USMCA

The United States is an important market for Canadian grains and oilseeds

By Allan Dawson October 12, 2018

Canada’s grain sector has nothing but praise for the United States-Mexico-Canada Agreement (USMCA). The trilateral deal reached Sept. 30 not only continues to give Canadian grain access to markets in the United States and Mexico, but it will also modernize areas covered under the former North American Free Trade Agreement (NAFTA), including chapters on biotechnology

Canada’s dairy and poultry sectors are seen as most impacted by concessions made in the USMCA trade deal.

Dairy cattle, News, Poultry

Dairy and poultry farm groups discuss USMCA compensation

It could take more than money to settle the ruffled feathers of supply management groups, who say they were pawns in the negotiations

By Alex Binkley October 12, 2018

Within hours of announcing a new free trade deal with the United States and Mexico, Prime Minister Justin Trudeau and Foreign Affairs Minister Chrystia Freeland were promising compensation for dairy and poultry farmers. While Trudeau and Freeland talked as if the compensation discussions had already started, Agriculture Minister Lawrence MacAulay has just begun to arrange

News, Other

Most agri-food groups welcome end to NAFTA drama

Many are still wading through the fine print of the new USMCA to understand its full implications

By Alex Binkley October 11, 2018

Most Canadian farm groups are relieved a new North American trade deal will preserve existing agriculture commitments. The United States-Mexico-Canada Agreement (USMCA) still needs to be ratified by the three countries, but the negotiations have concluded and the text of the deal has been released. One exception was the Canadian Federation of Agriculture (CFA) which

The former chair of the Manitoba Agricultural Services Corporation is questioning how money held for crop and hail insurances purposes is being handled.

Local news, News, Other

MASC trusts — protecting farmers’ money or better bookkeeping?

The Manitoba government says both, but a former MASC board chair isn’t so sure

By Allan Dawson October 5, 2018

Frieda Krpan was puzzled when the Manitoba government announced it transferred the crop insurance and crop hail insurance reserve funds totalling $265 million to two trust accounts to ensure the money couldn’t be used for anything other than crop insurance. “What brought this on? In all the years that I was there, there has never

Some soy is still out in the fields – now locked in snow – waiting for harvest, as seen here in a photo taken in the Interlake on Oct. 3.

Grain Markets, Markets

Hamstrung harvest operations supportive for canola values

Son-of-NAFTA lifts the Canadian dollar, weighing on exports

By Phil Franz-Warkentin October 4, 2018

Stalled harvest progress across Western Canada saw canola prices move steadily higher on the ICE Futures platform for most of the week ended Sept. 28. While cool and wet conditions should remain a supportive factor as long as they persist, activity in the Chicago soybean complex could override any weather-related strength. Manitoba farmers got most

Daily Network News

JBS profit falls amid still-challenging US market environment

U.S. grains: Soy hits 17-month high, corn to four-month top as trade braces for U.S. data

Federal budget shows remaining disconnect between agriculture, policymakers, panelists say

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