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The former CWB building in Winnipeg.
Cereals, News

Lawsuit alleges farmers short changed $151 million as CWB wound down

According to a statement of claim $145 million was transferred from the CWB’s pool accounts to its contingency fund

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As the Canadian Wheat Board wound down farmers were wrongly shortchanged by a decisions that helped fund its transition into a privately-held company, legal documents allege. The former Conservative government wrongly allowed the transfer of $151 million that should have gone to farmers who delivered CWB grains during the 2010-11 and 2011-12 crop years, Brookdale,
“Obviously they have a fiscal challenge in front of them, and they aren’t balancing the books on the backs of municipalities, which we think is favourable.” – Chris Goertzen, AMM president.
Local news

Provincial budget makes no cuts to municipal funding

More flexibility in how grant monies can be allocated welcomed, says AMM president

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Municipal leaders are relieved there will be no direct cuts coming to local government funding in 2017, says the head of the province’s municipal lobby. Provincial funding for municipalities will remain at the same level in 2017 as it was last year, said Association of Manitoba Municipalities (AMM) president Chris Goertzen shortly after hearing details
Producers are poised to plant vegetables as weather conditions improve, but they’re nervous that a market may not be found for their crops come harvest.
Local news

Province ‘optimistic’ vegetable processor will reopen

Receiver is working on a marketing package to pitch to potential new owners, says government spokesperson

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The provincial government is hopeful a Manitoba vegetable processor may soon be back in business. Canadian Prairie Garden Puree Products (CPG) ceased operations March 22 when it was forced into receivership, resulting in layoffs at its Portage la Prairie plant and throwing into question the entire 2017 season for farmers supplying it. Last week a
Soybean Field
Crops, Oilseeds

U.S. soy acreage forecast at all-time high despite plentiful stocks

USDA spring report calls for bigger bean planting and falling corn acres

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U.S. farmers plan to seed a record amount of soybean acreage this spring, even with supplies trending near all-time highs, the government said March 31. Growers will dial back their corn seedings this spring despite signs of firm demand as record stocks have cast a bearish tone over the futures and cash markets this year,
Science gets profile, few details, in budget
News

Science gets profile, few details, in budget

Any attention paid to research is good for agriculture, says 
the CEO of the Agriculture Institute of Canada

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The recent federal budget gives science and research more attention than usual — but details on new funding remain to be decided on, says Serge Buy, CEO of the Agriculture Institute of Canada. The budget did allocate $80 million over five years to replace the Centre for Plant Health in Sidney, B.C. with a new
Local news

Research hopes to bolster rural agri-food business

The study by the Rural Development Institute mixed 
in-depth case studies with public opinion

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Agriculture and food has a role to play in rural development in Manitoba. That’s the conclusion of researcher Gillian Richards, of Brandon University’s Rural Development Institute, presenting at the Southwest Regional Development Corporation last week in Brandon. Richards’ study, “Rural Innovation in Manitoba: Reducing Barriers to commercialization and Growing Capacity in the Agri-Food Sector,” included
Most Canadian farmers saw higher farmland values
Local news

Most Canadian farmers saw higher farmland values

Prince Edward Island saw the largest annual increase in the country

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Provincial farmland values, on average, were all up in 2016, except for Newfoundland-Labrador, where there was insufficient data. Prince Edward Island (P.E.I.) saw the largest jump at 13.4 per cent. “The main reason for the increases was farming enterprises wanting to gain additional acres to supplement crop rotation cycles and for additional feed production,” Farm
Editorial, Opinion

Editorial: Too small to bother?

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There’s been lots of talk in the news lately about financially troubled corporations and how their plights are handled by governments. For example, the Quebec-based aerospace and mass-transit company Bombardier has been the subject of controversy after it proceeded to give 50 per cent pay increases to senior executives shortly after receiving yet another taxpayer-funded
Increase in Manitoba farmland values slowing, says FCC
News

Increase in Manitoba farmland values slowing, says FCC

The biggest driver is crop receipts and unlike in the U.S. they are projected to be positive in Canada in 2016

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Average farmland values continued to appreciate in 2016, but by less than the increase a year earlier. That trend was seen both in Manitoba, and across Canada as a whole, with both easily outpacing the gain one could expect from holding a bank GIC, according to Farm Credit Canada. Land prices here, which have been
soybeans and soybean pods
Markets, Pulse markets

Trade’s outlook for U.S. soybeans bearish on canola

Wheat stocks limit any upside from lower U.S. acres

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Speculation ahead of a much-anticipated dataset from the U.S. Department of Agriculture had ICE Futures Canada canola chopping around a wide range in the week ending March 31. USDA released its prospective plantings and grain stocks reports on March 31. The department’s seeding estimates often act as a major mover in markets, leaving values with

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