Business/Finance Archives - Page 24 of 63

Workers transport imported soybeans at a port in Nantong, Jiangsu province, China April 4, 2018. U.S. farmers worry they’ll be shut out of a major market due to a brewing trade war.

China tariffs on soy, sorghum spread fear in U.S. farm country

Farmers say a list of crops facing tariffs has them rattled and worried for their future

By Mark Weinraub, Michael Hirtzer April 13, 2018

China aimed a direct strike at America’s heartland on April 4, moving to slap an aggressive 25 per cent retaliatory tariff against U.S. soybeans, farm country’s most valuable export to China last year, worth US$12 billion. Over the past decade, fast-rising demand from China has fuelled a sharp rise in production of U.S. soybeans, which

The federal and provincial agriculture ministers, Ralph Eichler (l) and Lawrence MacAuley, signed a new five-year bilateral agriculture agreement last week in Winnipeg.

Local news, Other

Province signs five-year agreement worth $176 million

The cost-shared initiative will be consolidated into one program and called Ag Action Manitoba

By Lorraine Stevenson April 12, 2018

Funding will begin to flow right away from the new bilateral five-year $176-million agreement signed between Manitoba and the federal government last week, Manitoba Agriculture Minister Ralph Eichler says. This is the Canadian Agricultural Partnership (CAP), part of an overall $3-billion federal program supporting cost-shared initiatives delivered by the provinces and territories, to be consolidated

News

Maple Leaf quarterly profit beats estimates

Higher prices, growing demand have positively affected the balance sheet

By Reuters April 5, 2018

Maple Leaf Foods posted a fourth-quarter profit Feb. 21 that beat estimates, due to better pricing and high demand for its prepared meats and plant-based protein foods. The company, one of Canada’s biggest pork processors, is focusing on expanding into new businesses in the United States. Its latest acquisition was the US$120-million purchase of vegan

Editorial, Opinion, Other

Editorial: Future risks

By Gord Gilmour March 29, 2018

Manitoba’s agriculture community is welcoming news it will be getting a few more exemptions from the incoming provincial carbon tax. The Pallister government this week announced fuels used to heat and cool livestock buildings and greenhouses and to dry grain would get a pass on the tax. The sector successfully argued from the outset it

Proposed changes to rail shipping legislation could be deregulation by stealth, the NFU worries.

News, Other

NFU worried C-49 will help railways, hurt farmers

Terry Boehm believes the new legislation gives the railways too much wiggle room on grain service

By Allan Dawson March 29, 2018

The National Farmers Union (NFU) fears Bill C-49, the Transportation Modernization Act, will further deregulate the railways, resulting in poorer service for western Canadian grain farmers, not better. The opposite view is held by most farm groups, grain companies and even the railways, all of whom want the legislation to revise the Canada Transportation Act

News

NFU has plan to bolster producer cars

Producer cars are in decline and according to the National Farmers Union it is by design

By Allan Dawson March 29, 2018

What good is a statutory right to a producer car that can’t be loaded or unloaded? That’s the question former National Farmers Union (NFU) president Terry Boehm wants answered. It’s also why the NFU wants C-49, the Transportation Modernization Act, amended to protect and enhance farmers’ access to producer cars — rail cars farmers load

Canadian farm equipment makers are worried that key trade deals are under threat and that could hurt their businesses.

Equipment, News, Other

Agriculture manufacturers on edge over trade

The nearly $2-billion-a-year industry lives and dies on trade and uncertainty is making it nervous

By Ashley Robinson - MarketsFarm March 27, 2018

With Canada in the midst of numerous free trade agreement negotiations, the Canadian agricultural manufacturing industry is feeling on edge. While the future of some trade deals for Canada is bright, others aren’t looking so good. “The lack of clarity around NAFTA is the big issue at the moment. It’s got a lot of people,

A truck lines up to be loaded with soybeans in a farm in the city of Primavera do Leste in the central Brazilian state of  Mato Grosso.

International news, News

Corn as cash: Brazil’s bartering farmers raise risks for Canada’s Nutrien

Lack of credit makes for an interesting and unfamiliar business environment in this Latin American powerhouse

By Ana Mano, Rod Nickel March 26, 2018

Taking a page from its aggressive growth strategy in the United States, cash-rich Canadian fertilizer giant Nutrien plans to plow investment into Brazil in a bid to reap up to 30 per cent of farm supply sales in fertile pockets of the country. But business in Brazil’s farm sector — the world’s fastest growing —

Jared Munro, who has worked in various positions at the Manitoba Agricultural Services Corporation,  is its new CEO.

Local news, Other

Jared Munro new Manitoba Agricultural Services Corporation CEO

The 10-year veteran of the corporation knows first hand a lot about its workings

By Allan Dawson March 26, 2018

Jared Munro, the Manitoba Agricultural Services Corporation’s (MASC) new chief executive officer, has worked for the Crown agency since 2008 and has been acting CEO since Neil Hamilton retired from the job last June. “I’ve had an interesting career here so far,” Munro said in an interview March 15. “I’ve been involved in lots of

Grain Markets, Markets

Canola draws strength from weaker Canadian currency

Rain for U.S. Plains and Argentina drags on futures

By Phil Franz-Warkentin March 22, 2018

ICE Futures Canada canola contracts saw some choppy activity over the course of the week ended March 16, but trended higher overall with much of the relative strength coming from weakness in the Canadian dollar. The currency fell by about 1.5 cents relative to its U.S. counterpart over the course of the week, which helped

Daily Network News

U.S. livestock: Cattle, hog futures rise on first WASDE since September

U.S. export sales include only small soybean business to China

U.S. corn and soybean yields revised down by USDA

Tag Archives Business/Finance