Canadian farmers cash in on U.S. drought

After spring floods drowned his seeding plans two years straight, Walter Finlay is harvesting what looks to be an average or slightly better crop of wheat and canola. “Average” will do just fine this year. The worst drought in a half-century in the U.S. Midwest has scorched corn and soybean crops, igniting grain and oilseed


Prime minister celebrates grain-marketing freedom

The new CWB says it’s ready to compete in an open market and 
buoyed by a good crop, high prices and farmer support

The drama over the demise of the Canadian Wheat Board single desk showed no sign of abating last week as the new era of open grain marketing began. Prime Minister Stephen Harper told several hundred cheering farmers gathered at a farm near Kindersley, Sask. Aug. 1 farmers who ran the border to challenge the board’s

Déjà vu all over again?

You could say a lot about the federal government’s process for ending the Canadian Wheat Board’s single-desk monopoly this week, and many have. But you have to admit Gerry Ritz’s timing was impeccable. Or rather, he lucked out. With commodity prices soaring due to the fiercest drought to grip the U.S. in more than half


Cargill adds another beef-processing plant

U.S. agribusiness giant Cargill Inc. said July 12 it bought a former AFA Foods Inc. ground beef-processing plant in Fort Worth, Texas, for $14.1 million, in a move that will add to its already strong position in the U.S. and Canadian consumer market. Based in King of Prussia, Pennsylvania, AFA filed for Chapter 11 protection in

New CWB focuses on Western Canada

But it can now extend its reach Starting Aug. 1 the new CWB will be able to buy and sell grain of any type from anywhere in Canada, but its immediate focus is its traditional territory — Western Canada. “We have no immediate plans to do business in other parts of Canada,” CWB spokesperson Maureen


CWB announces more handling agreements, Japan sale

Farmers can now deliver to the wheat board through 120 elevators 
across the West and more grain companies are expected to participate

Things are starting to look up for the Canadian Wheat Board. Last week it announced six more grain companies will handle its grain making it practical for farmers across the West to patronize the board, and it announced a big wheat sale to Japan. Until the new handling agreements were announced June 21 at the

Viterra shareholders back Glencore

Reuters / Shareholders of Canada’s largest grain handler, Viterra Inc., voted overwhelmingly May 29 in favour of a friendly takeover bid by Swiss commodities trader Glencore International Plc., pushing the biggest deal in years for the global agricultural sector closer to reality. The deal was supported by 99.8 per cent of shareholders, far more than


Ag teams hammer up some hope

The Habitat for Humanity troops were at it again recently, this time enlisting the agricultural sector to help build storage sheds to provide storage for the Habitat homes that are built without garages. Nine agricultural companies supported the first annual Ag Shed Building Challenge, providing a total of 13 teams and 120 volunteers at the