United States Money

Opinion: Emergency payments: Déjà vu all over again

The Trump administration’s US$12 billion in “trade-dispute-related” emergency payments were a surprise. The current set of emergency payments was put into effect by administrative action while the earlier set of emergency payments were voted on by Congress and signed into law by the administration. Though there is a 17-year gap between the earlier emergency payments

Premier Brian Pallister announces up to $9.5 million in TIF support for Hylife Ltd. in Neepawa Sept. 14.

Province promises up to $9.5 million in tax rebates for Hylife expansion

Hylife Ltd. will recoup some of the new tax generated from its recent expansions

Hylife Ltd. has joined the companies expecting to get a financial boost from their own tax revenue. The province announced Sept. 14 that the pork giant will join the companies and projects singled out for TIF, or tax increment financing. Governments most commonly turn to TIF to jump-start economic development and private sector investment by


corn harvesting

Fundamentals, trade fights help hold canola rangebound

StatsCan’s production report from space has little impact

The ICE Futures canola market continued to chop around unchanged during the week ended Sept. 21, buffeted by a conflicting mix of trade wars, weather issues, spillover losses in soybeans and harvest pressure. The $50-per-tonne level seems like a distant memory these days, as canola was content to hang above the $485 mark in the

Dried Ear of Cereal crop in studio isolated against white background.

Comment: Limit Canadian Grain Commission to oversight role

The vast majority of buyers seek third-party certification these days

The retention of the Canadian Grain Commission (CGC) surplus by the CGC itself raises a host of questions on the organization’s purpose, services and sources of funding. The CGC’s budget is covered through user fees paid by the farmer through grain companies. It is important to note that industry has no say in the establishment


CGC spokesman Remi Gosselin says the decision not to license feed mills reflects the low risk of payment defaults to farmers and to Canada’s grain quality assurance system.

Canadian Grain Commission rejects licensing feed mills

That means farmers delivering grain to feed mills won’t be covered by the CGC’s payment security program

It remains “seller beware” for farmers delivering grain to feed mills. The Canadian Grain Commission (CGC) will continue to exempt feed mills from being licensed, it announced Sept. 12. That means feed mills won’t have to post security in the case of payment defaults to cover the value of grain farmers deliver. The CGC also

Manitoba pork producers are awaiting resolution on the trade front so they can return to profitability.

Trade wars cast a long shadow over hog industry

Trump tariffs a significant factor, NAFTA weighs in too

The ongoing trade war between the United States and the rest of the world is side-swiping Manitoba’s pork industry. Hog prices have tumbled since last spring, leaving producers worried about their future just as the industry is recovering from a decade of economic woe. “It’s pretty terrible. It’s about as bad as it’s been in


U.S. Senate building

Comment: September slips away — and so do political solutions

The clock is ticking on several U.S. policy decisions that could have global implications

There are never enough days in September for farmers, ranchers, and pennant-chasing baseball teams. Every day, whether spent in a combine, pasture or batter’s box, brings change to what’s real today and what’s possible tomorrow. And it happens fast; September days don’t pass, they evaporate. The U.S. Congress, however, seems not to notice days, months

Canadian Pacific is promising slow and steady growth in its grain-hauling capacity.

CP’s new grain VP walked in grain shippers’ shoes

Joan Hardy was in charge of grain transportation at Richardson International before becoming a senior railway executive

Joan Hardy knows how vital reliable rail service is to grain shippers because she’s been one. Hardy, who became CP Rail’s vice-president of sales and marketing for grain and fertilizer April 1, was for 12 years before that Richardson International’s vice-president of transportation. Before that she worked 21 years for CN Rail, in various roles,


Overregulation a crushing burden for agri-food sector

A new report says the sector is particularly burdened by red tape

A new report on the cost of overregulation has singled out the agri-food sector for special attention. The report by the Canadian Chamber of Commerce, titled Death by 130,000 cuts in reference to the number of federal regulations alone, said too much red tape is weakening Canada’s international competitiveness and dampening foreign investment. There are

Canadian Prime Minister Trudeau has indicated on several occasions to the U.S. administration that Canada's supply management system won't be touched.

Comment: How we can avoid a devastating trade war with the U.S.

We need a smart, realistic strategy for negotiations, starting with our dairy supply management system

The importance of the North American Free Trade Agreement to Canada’s economy is staggering. Each day, $2.4 billion worth of goods and services cross the Canada/U.S. border. Some 78 per cent of Canada’s merchandise exports are destined for NAFTA partners. Now, the 23-year-old agreement is under severe threat from a hyper-protectionist American president. U.S.-Canada trade