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“Agriculture has to be in the centre of the relaunch of our economy... “ – Marie-Claude Bibeau.
News

Agriculture seen as engine of recovery for Canada

Bibeau touts more exports, regional supply chains and processing

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Minister of Agriculture Marie-Claude Bibeau says Canadian agriculture will be the “powerhouse of the economy” as the country recovers from the COVID-19 pandemic, pointing to specific opportunities for the industry to grow. During a virtual “fireside chat” at the International Economic Forum of the America’s Toronto event on Oct. 27, Bibeau expressed optimism over export
File photo of a Prince Edward Island potato field. (Onepony/iStock/Getty Images)
Crops

P.E.I. seed potato growers backed for lost sales, costs

Pandemic compensation plan to take applications until mid-January

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Seed potato growers on Prince Edward Island who lost sales this year due to the COVID-19 pandemic, or have had to store or throw out stock, can soon apply for provincial compensation. The provincial government on Monday announced $1.19 million for a new Seed Potato Recovery Program, for seed growers “who can demonstrate that they
File photo of a farmed mink. (Konstantin Sokolov/iStock/Getty Images)
Livestock, Other

Coronavirus kills 15,000 U.S. mink

Affected states aren't planning to cull

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Chicago | Reuters — More than 15,000 mink in the United States have died of the coronavirus since August, and authorities are keeping about a dozen farms under quarantine while they investigate the cases, state agriculture officials said. Global health officials are eying the animals as a potential risk for people after Denmark last week
“COVID-19 has put us on a digital fast track, farmers are going online. They are rapidly innovating, creating ways of selling their products to keep themselves afloat.” – Alison Sunstrum, CNSRV-X.
News, Other

More technology needed for post-COVID agriculture

A silver lining of the pandemic is that it has jump-started agriculture’s digital evolution, observers say

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Experts speaking at the virtual Toronto Global Forum say a meaningful economic recovery to the COVID-19 pandemic should emphasize the need for technology in the agricultural sector. Alison Sunstrum, founder and CEO of CNSRV-X, said she hopes there is a digital response to the pandemic. “COVID-19 has put us on a digital fast track, farmers
CME January 2021 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures surge on COVID-19 vaccine progress

USDA expected to trim estimates for feed crops

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Chicago | Reuters — U.S. live cattle futures reached a four-week high on Monday and feeder cattle hit their highest prices in more than five weeks as progress toward a COVID-19 vaccine raised hopes for a quick economic recovery from the pandemic and increased beef demand. Lean hog futures also finished firmer. Commodity and equity
The Roquette pea processing plant under construction in Portage la Prairie in October 2020.
News, Other

Roquette site in Portage la Prairie scene of COVID-19 cluster

PANDEMIC: The site of the pea processing facility, due to open late this year, has now had several cases

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The site of the under-construction Roquette pea protein plant in Portage la Prairie has joined the list of workplaces fighting COVID-19. Roquette confirmed five positive tests for COVID-19 on the site as of Nov. 9. “Four of the affected individuals are contracted construction workers helping to build the plant,” Michelle Finley, Roquette’s communications and public
CBOT January 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soy futures touch new four-year top

Pfizer update on COVID vaccine sends shares, oil higher

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Chicago | Reuters — U.S. soybean futures reached a new four-year high on Monday as the first successful data from a late-stage COVID-19 vaccine trial fueled hopes of the economy recovering quickly from the pandemic-driven crisis. Broad optimism about Pfizer’s vaccine trials added support to a soybean market already buoyed by strong Chinese demand and
COVID-19 has pushed governments to consider food autonomy as a priority and support local supply chains. But buying local produce is easier said than done.
Comment, Op/Ed, Other

Comment: The local food paradox

Governments are interested in food autonomy but price remains very important

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Prior to the COVID-19 pandemic disrupting supply chains and impacting food purchasing habits, our relationship with food was different. Quite different. The pandemic has pushed governments to consider food autonomy as a priority and look more at local supply chains. Discussions are about producing food in Canada, all year round, while offering products to consumers
“The way forward has been deeply clouded by the second wave and renewed restrictions, so growth will cool considerably in Q4.” – Doug Porter, chief economist, BMO Capital Markets.
News, Other

Canada economy grew through September, but way forward ‘clouded’

As the pandemic’s second wave arrives uncertainty abounds

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The Canadian economy grew in both August and September, with the August gain slightly above expectations, but a rise in COVID-19 infections, along with targeted restrictions to curb the virus, are expected to put a lid on economic activity into the fall. Canada’s real GDP rose 1.2 per cent in August, ahead of analyst estimates

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