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Dairy cattle, News

Farm gate prices drop, but not food prices

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U. S. food prices are still headed for their largest increase in two decades this year despite the recent slide in oil and grain markets, the U. S. Agriculture Department said Oct. 18. In its monthly report, USDA did not change its forecast for food prices, which are expected to surge by 5.5 per cent
News

Ocean trade choked as credit notes dry up

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There is growing evidence the global credit crisis is stifling seaborne trade as banks become more reluctant to honour crucial letters of credit between buyers and sellers who ship goods and resources, analysts say. “With reports of sellers’ banks deciding they don’t trust the financial institutions named in buyers’ letters of credit, have come alarming
News

FarmPure’s creditors to vote on deal

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Manitoba seed growers and others owed money by FarmPure Seeds could recoup about six cents on the dollar out of a deal with the company’s proposed new owner. A preliminary list of almost 500 potential unsecured creditors of the Regina seed marketing and distribution company includes over 100 names of Manitobabased businesses and agencies –
Cereals, Opinion

LETTERS – for Oct. 23, 2008

CWB needed now more than ever Several decades of deregulation championed by Britain’s Margaret Thatcher, U. S. president Ronald Reagan, Canada’s Brian Mulroney, and their biggest cheerleader, Stephen Harper, have come home to roost with the global market meltdown. Of course we have been here before. For farmers the real depression started in 1921 with
Opinion

World food security needs collaboration

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It is interesting to see how the current financial crisis is changing the way that we think about the world. This point was driven home for me when I had the opportunity to attend a symposium last week in Berkeley, Calif. entitled “Causes and Consequences of the Food Price Crisis.” Sponsored by the Giannini Foundation,
Cereals, News

How low can U. S. grains go?

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“We are seeing a lot of wealth destruction and demand destruction. I don’t think that is going to heal itself overnight.” – U. S. Grains Analyst Jim Bower The sell-off in grains as part of a broader flight of investment money from commodities could continue through year’s end due to the expanding credit crisis, with
Opinion

At least land won’t evaporate

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There are few winners in a market meltdown like the one we’re experiencing, although we hear rumours that hardware stores are doing a booming trade in shovels. It seems folks figure digging a hole in the backyard and burying their savings is now a safer bet than mutual funds. That’s about the only consolation we
Opinion

Governments must be ready when free markets free fall

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There has been a determined effort to move away from the governmental regulations, not only in the financial and agricultural sectors, but in other sectors as well. Is extremism in the name of free markets a virtue or a vice? As we write this column, it appears that congressional and administration leaders have come to
News

World Bank sees tougher times in developing nations

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“What we’re now moving into is the phase where one has to look more broadly at the danger of developing country growth and there it depends on policies they take and the support we and others can give them.” With world attention trained on resolving a financial crisis in western economies, World Bank president Robert
News

Developing world leaders urge action on food

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Developing world leaders said Sept. 23 that escalating food costs were exacting a heavy toll on the poor and called for global action to reverse the trend, which threatens to undermine economic growth. The impact of higher global food prices was raised by leaders in speeches to the annual United Nations General Assembly gathering, where

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