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Farmers Warned About Rising Interest Rates

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The Bank of Montreal is telling Canada’s farmers to do a better job of managing their debt or risk instability from higher interest rates. BMO cites George Brinkman, an authority on farm viability, as warning about “an unsettling outlook” from high levels of farm debt made worse by rising interest rates over the next three
Crops, News

Duff Roblin (1917-2010): Manitoba Crop Insurance Pioneer

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“Farmers at the time were not insurance oriented at all.” – HAYDEN TOLTON To most Manitobans, former premier Duff Roblin’s main legacy will always be Duff’s Ditch – the floodway diverting spring run off from the Red River around Winnipeg that has saved the city many times. But Roblin, who died last week at 92,
News

Technical Signals A Warning To Investors

David drozd On Thursd a y, May 6, 2010 the Dow Jones Industrial Average (DJIA) suffered a severe 1,000-point drop that sent shock waves around the world. To this day, investors from far and wide have been trying to understand why. Ludicrous rumours surfaced – one being that someone had accidently entered an order to
Livestock

Silver Lining To EU Economic Crisis

The European Union’s economic crisis will create allies for a British government seeking to streamline the bloc’s farm policy in upcoming reform talks, the new U. K. agriculture minister said May 17. The economic situation means that reform of the EU’s common agricultural policy (CAP) must focus on prioritizing limited resources, said Conservative Minister Caroline
Crops

Kiwi Mischief Behind Trade Pact Claim

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Trade experts wonder if there’s some Kiwi mischief behind claims that objections from dairy farmers kept Canada out of the initial round of negotiations on a pan Pacific trade agreement. A slew of stories appeared in the mainstream media in mid-April, citing no one in particular, about how Canada was excluded from 2006 talks involving
Crops

Tying Farm Subsidies To Job Creation

The number of rural jobs created by individual farms should be one of the criteria used to decide the level of European Union subsidies they receive, a European Commission spokesman said April 22. The European Union executive is developing its ideas for reforming the 27-nation bloc’s common agricultural policy (CAP) from 2013, and a key
Crops

Russian Grain Producers Form Industry Lobby

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Russian grain growers have formed a new lobby which aims to defend the interests of growers rather than traders, the head of the new lobby, the National Grain Producers Union (NGPU) said March 23. “The grain glut problem is very acute,” the head of the NGPU Pavel Skurikhin, who is also the chairman of major
Cereals, Crops

EU Grain Sale For Aid Will Distort Market

AEuropean Union plan to sell 1.5 million tonnes of surplus grain in the coming months to help the bloc’s poor will weaken feed prices and lead to more offers for EU intervention subsidies, member states warned. The EU in November agreed to sell cereals from its grain mountain to support the needy. Unusually, the sale
Crops

Canadian Dollar Moves Towards U. S. Parity

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The Canadian dollar has been slowly strengthening towards parity with the U. S. currency and could soon top it. The Canadian dollar has been finding regular support from global investors who see Canada’s economy as one of the stronger ones in the Group of Seven nations, George Davis, chief technical currency analyst for RBC Capital
Crops

EU To Keep Grain Mountain

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The European Union will be compelled to retain its growing mountain of 4.2 million tonnes of unwanted grain as no disposal outlets are feasible in an era when subsidized sales on world markets are no option, analysts said March 19. This may mean the EU faces a storage bill of up to 74 million euros

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