Business/Finance Archives - Page 6 of 63

Producers need to pay close attention to four essentials: understanding their situation, understanding their finances, knowing their cost of production and how their commodity is priced.

Risky business? For farmers it’s just another day at the office

Peril can come in all forms, from the predictable to ‘black swan’ events

By Don Norman February 19, 2020

Farmers, by the nature of their business, must embrace risk. But at the same time, they need to manage it. That was a central theme at the 2020 Keystone Agricultural Producers AGM during a recent Tuesday morning panel discussion on risk management, featuring two farm management experts. Eric Olson, a farm management consultant with MNP’s

The United Grain Growers 45,000-bushel elevator at Minnedosa in 1969.

Comment, Op/Ed, Other

Comment: Looking back at when co-ops ruled the elevator business

A new book reveals new information on the last days of the Prairie grain co-ops

By John Morriss February 18, 2020

If you’re younger, you may find it hard to believe that farmers used to own most of the Prairie grain and grain-processing industry and that they received part of the profits every year. If you’re older, you may know that, but wonder how that changed so quickly. And did it have to change? That’s the

Farmit Manitoba, Letters, Other

Letters: Buying local no disaster

By Barry Hammond February 18, 2020

I believe buying Canadian food is a great idea. Hence I was troubled by Sylvain Charlebois’ article in the January 30 Co-operator, which noted Feds’ Buy Canadian food campaign could be a disaster. The federal government is pursuing CETA the Canadian European Trade Agreement which could result in French cheese being more available than Manitoba

We need to have some type of avenue for young farmers, who are not at 85 per cent equity because this land will not pay for itself.” – Bill Campbell, KAP president

News, Other

KAP passes resolutions on farmland access

Delegates raised concerns of private investors buying land and squeezing farmers out of the market

By Geralyn Wichers February 13, 2020

Access to land, particularly for young farmers, was front and centre on the second day of Keystone Agricultural Producers’ (KAP) annual general meeting. Two resolutions related to increasing land access passed in the final day of the meeting. The first called on KAP to lobby for tax breaks for landowners who rent or sell to

Brazilian meat packers have said higher corn prices in that country will be passed on to chicken consumers.

Markets, News

Brazil antitrust regulator opens probe

Move comes after executives of meat packers JBS and BRF said corn prices would be passed on 

By Ricardo Brito February 11, 2020

Reuters – Brazilian antitrust regulator Cade on Jan. 30 opened an investigation into meat packers JBS SA and BRF SA, according to a decision signed by the agency’s superintendent. The decision said the probe was launched based on an article in Brazilian newspaper Valor Economico that described executives of the two companies saying at an

Comment, Opinion, Other

Comment: Growing agriculture’s next generation

More needs to be done to demonstrate agriculture is a great career choice

By Trish Jordan February 3, 2020

The agriculture industry is a vital driver of the Canadian economy, contributing over $122 billion each year to the national GDP. With the world’s population expected to reach 8.5 billion by 2030, the industry has a significant opportunity to grow in economic importance as it expands to feed a growing global community. However, the agricultural

Agriculture and Resource Development Minister Blaine Pedersen addresses the crowd during Ag Days 2020 in Brandon.

News, Other

Province brings in the experts on protein strategy

The province says the promised protein consortium has launched, and will give needed expert direction to Manitoba’s protein strategy

By Alexis Stockford February 3, 2020

It’s been a year since the province announced its new focus on protein; now there will be more hands on the reins. The province has officially launched its protein consortium; a committee of producers, industry representatives and academics that it hopes will help inform Manitoba’s protein strategy going forward. Last January, then agriculture minister Ralph Eichler (now the

Markets, Oilseeds

Beijing is in control of global soybean market

China’s demand is dropping as it commits to more U.S. supplies

By Glen Hallick - MarketsFarm January 31, 2020

China is pretty much in control of the global soybean market, and could stay in that position for the rest of 2020. Following the signing of the Phase 1 trade pact between the United States and China, it was widely expected soybean prices on the Chicago Board of Trade (CBOT) would shoot up — especially since the deal requires China to dramatically increase its agricultural purchases from the U.S.

U.S. spring wheat May-August precipitation (inches).

Grain Markets, Markets

Markets watch the weather

Rain makes grain, and it’s one of the most volatile variables for Prairie farms

By David Derwin January 31, 2020

Price and yield are the two biggest determinants of farm revenue. Using farming software to run simulations and what-if scenarios shows that even a modest change in commodity prices or crop yields can have a big impact on gross margins and the bottom line. This makes sense, given revenues are top line 100-cent dollars. While

Steven Rosenzweig says General Mills is promoting regenerative agriculture because it helps meet the company’s sustainability goals.

News

Regenerative ag finds a corporate champion

General Mills supports regenerative agriculture, but says it’s not about something to slap on its label

By Alexis Stockford January 29, 2020

[UPDATED: Feb. 3, 2020] When the topic of who might drive a regenerative agriculture push comes up, one name keeps cropping up: General Mills. The Minnesota-based producer of packaged consumer goods first staked out its claim to this turf by promising in 2015 to source its top 10 ingredients sustainably by 2020. As it nears

Daily Network News

U.S. livestock: Cattle futures end lower

ICE Weekly: Trade progress, new data threaten to break canola’s price range

CBOT Weekly: Trade awaits USDA S/D report

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