International Trade Helps Solve Food Crisis

International trade is part of the solution to the global food crisis and not one of its causes, the head of the World Trade Organization says. Global integration represented by trade enabled food to be transported from where it could be produced efficiently to where there was demand, said WTO Director General Pascal Lamy. Geography

Pirates Affect Insurance Rates

The attempted hijacking of a U. S. flagged vessel off Somalia has not raised the cost of shipping grain and food to the region, but insurance rates have been rising due to piracy, shipping sources said April 13. “Historically, piracy has not been a problem for the large vessels, but now in this area it


Sky-High Debt Puts Farmers At Risk

George Brinkman is professor Emeritus in the department of food, agricultural and resource economics at the University of Guelph. This first appeared in the April issue of Canadian Farm Business Manager, published by the Canadian Farm Business Management Council. In the global business community, last spring seems like a lifetime ago. In almost every sector,

Grain Swaps Offer Hedgers Brave New World

Ready or not, here they come. After years of planning, the Chicago Board of Trade has introduced a new hedging tool for the world grain industry that differs significantly from its century-old futures markets, but promises to take the risk management game to a new level – once everyone gets on board. “So far my


World Bank Lending Arm Extends Into Africa

The International Finance Corporation, the World Bank’s private sector lending arm, will nearly double its investment in agribusiness in Africa to $200 million during the 2009 fiscal year, a senior official said. IFC director for global agribusiness, Oscar Chemerinsky, said the lender would continue to ramp up its agribusiness investments as part of efforts to

Argentine Farmers Turn Away From Wheat

Parched soils, lack of credit and anger over government policy could lead Argentine farmers to plant less wheat this year when sowing begins next month in the key global exporter. Argentina’s last wheat harvest was the smallest since 1982 due to a harsh drought, compounding farmers’ reluctance to plant wheat after two years of government


Land Rental — Making It Fair For Both Parties

Securing rented land with the right agreement is an important part of farm planning. The approaching crop season should have farmers thinking about production plans, marketing strategies and the inputs they require to get the crop in the ground and growing. They should also be thinking about the rental contract, legal documents and an acceptable

No Insurance For Off-Farm Workers

The following is taken from a brief calling for changes to Canada’s Employment Insurance program presented by Joan Brady, women’s vice-president of the National Farmers Union (NFU) to the House of Commons Standing Committee on the Status of Women in Ottawa March 24. The brief chronicles how past and current eligibility requirements make the program


Trade Risk In Emerging-Country Farm Policies

Steps taken by major emerging economies to counter food price volatility and spur farm development have in many cases undermined international trade, the OECD said March 17. In a report on farm policy in seven emerging countries – Brazil, Chile, China, India, Russia, South Africa and Ukraine – the Organization for Economic Co-operation and Development

Mexico Tariffs Hit A Diverse List Of U. S. Goods

Mexico said March 18 it was imposing higher tariffs totalling $2.4 billion on a wide list of U. S. imports ranging from strawberries to Christmas trees after Washington banned Mexican trucks from U. S. roads. The official government gazette said the new tariffs, which will range from 10 per cent to 45 per cent, were