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Britain Wants Deeper CAP Reform

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The EU executive’s plans to reform the common agricultural policy are too timid, Britain’s farming and Environment Minister Caroline Spelman said Dec. 6. The European Commission adopted plans last month that would force farmers to do more to protect the environment in order to justify public subsidies. It also proposed moving some funding from direct
News

Canadian Dollar Heading Back To Parity

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The Canadian dollar is back within a cent of parity with its U.S. counterpart after seeing some choppy activity in recent weeks. The currency is expected to hold near parity, and likely move above the level, through 2011, according to an analyst. In the third quarter of 2010 the Canadian dollar was under-performing other international
News

Mixed Reviews For EU’s Green Farm Policy

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The EU executive adopted plans Nov. 18 that will force farmers to do more to protect the environment in order to justify public subsidies, despite farm unions warning that could threaten their economic viability. In a policy paper on reforming the EU’s common agricultural policy (CAP) from 2013, the European Commission said linking direct subsidies
Hogs, Livestock, News

Pork Package Creates Livestock Insurance Precedent

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Aproposed model to insure pork producers against death losses in their herds could be a long-awaited breakthrough for livestock production insurance in Canada. The Canadian Swine Health Board hopes to have an all-peril mortality insurance product ready for producers in 2011. The package would cover death losses from disease, fire, equipment failure, adverse weather or
Grain Markets, Oilseeds

Commodity Price Pressure Made In China

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Canola futures on the ICE Futures Canada trading platform suffered some price weakness during the week ended Nov. 19, but were well off the lows established. The continued liquidation of long positions by nervous speculative fund account holders generated the declines. That selling was again inspired by a knee-jerk reaction to news that the Chinese
News

Commodity Sell-Off Has Winners And Losers

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The biggest decline in commodity market value since the financial crisis of 2008 looked like funds running for the exits, but big differences in open positions between oil, grains and other commodity markets will signal which markets may still be overextended. Based on the decline in open interest – the number of contracts bought or
Crops, News

Cmemap Pays $40.5 Million In Manitoba

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About 1.74 million acres or nearly two per cent of Manitoba cropland was either too wet to seed this spring or the seeded crops drowned, the Manitoba Agr icultural Services Corporation says. The losses prompted $40.5 million in payments to farmers under the Canada-Manitoba Excess Moisture Assistance Program (CMEMAP). “We had applications from all areas
News

In The U.S. Midwest, A Farmland Bubble May Be Growing

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Sales of everything from compact tractors to combines have jumped at Jim Lichtenberg’s Nebraska store this year as farmers try to make the most of a boom in corn and soybean prices. “Yields were good this year and crop prices are real good right now, so guys have been spending some money,” said Lichtenberg, who
News

African Agriculture Coming Of Age

Agrowing African food sector can yield private sector returns on the back of government support, said a report on Oct. 26, which also said that a global grain reserve may be needed to protect consumers from price spikes. Local initiatives aiming for an African equivalent of the Green Revolution, which swept developing countries in the
Crops, News

Masc Hail Premium Rebate Coming

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The Manitoba Agricultural Services Corporation is refunding $669,000 to 1,400 farmers after reviewing its policy on how to treat drowned-out acres for which farmers had purchased hail insurance. The change means farmers will get half their MASC hail insurance premium refunded on acres enrolled in the Canada- Manitoba Excess Moisture Assistance Program (CMEMAP). “Early in

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