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Livestock, News

Puratone deal leaves farmers hanging

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Manitoba farmers owed at least $1 million for feed grains delivered to financially troubled Puratone Corp. are left holding an empty bag with its pending sale to Maple Leaf. Earlier this month Maple Leaf Foods, which operates a hog-slaughtering plant in Brandon, announced it was buying Puratone for $42 million. Puratone’s liabilities total nearly $100
Hogs, Livestock, News

Province to back new loan program for hog producers

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A financial stabilization program is on the horizon for Manitoba pork producers. Speaking to hog farmers and industry representatives in Niverville, Manitoba Pork Council chairman Karl Kynoch outlined a new loan program designed by the council — one that would see cash loans distributed by financial institutions, administered by Manitoba Pork Council Corporation, and guaranteed
Crops, News

Grain payment security options back in play

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With Ottawa planning to switch from bonding to insurance it’s time to dust off the Scott Wolfe Management report


The federal government’s plans to revamp the Canadian Grain Commission (CGC) include replacing the current bonding system with an insurance scheme to protect farmers when grain companies default on payments. CGC spokesman Remi Gosselin says an insurance program will be cheaper for the grain industry and provide better protection for farmers. More than three years
Crops, News

KAP calls for review of crop insurance to address deductibles, other concerns

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Crop insurance will be increasingly important to Manitoba farmers because of recent cuts to Agri-Stability and AgriInvest, says Keystone Agricultural Producers vice-president Dan Mazier. The Manitoba government needs to understand that, he said at KAP’s General Council meeting last month. Delegates passed a resolution calling for a review of crop insurance. While most Manitoba farmers
Opinion

Sharing business can foster local shopping

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Gift cards, local currencies and “disloyalty” cards can all be used to build businesses and jobs where you live

There’s a wave of business building going on around the developed world, and it doesn’t require a government program to make it happen. It just requires the businesses in a community to get together and agree on one thing: to jointly sponsor a community gift card, a local currency, or both. The community gift card
News

More trade could end African food shortages

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Reuters / Africa could avoid food shortages if it reduces the tangled web of rules, fees and high costs strangling regional food trade and by putting large swathes of uncultivated land to productive use, according to a World Bank report. Just five per cent of Africa’s cereal imports are now provided by African farmers, according
Crops, News, Weather

Crop-insurance tab for U.S. drought could top $15 billion

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Reuters / U.S. taxpayers could pay a record $15 billion to subsidize the privately run crop insurance program in the wake of this year’s devastating drought. The program’s runaway costs are in focus as Congress looks for ways to cut government spending, making crop insurance a bigger target for reforms. Precise estimates won’t be available
News, Opinion

OUR HISTORY: October 23, 1975

To combat high inflation during the 1970s, the federal government had introduced wage and price controls. While they did not apply to farm products directly, Wage and Price Control Board chair Jean-Luc Pepin and vice-chair Beryl Plumptre had indicated they would have a look at the operation of farm marketing boards. Pepin said he “had
News

Hedge fund continues to push for Agrium breakup

Reuters / Hedge fund Jana Partners LLC, the largest shareholder in Agrium Inc., is calling for the company to be more open to discussing ways to boost shareholder value. Jana, which has been pushing for a split of the Canadian fertilizer company’s wholesale and retail division, says Agrium’s responses to the issues it has raised
Grain Markets, News

U.S. judge delays efforts to rein in speculators

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AU.S. judge has knocked back tough new rules to clamp down on excessive speculation in commodity markets, handing an 11th-hour victory to Wall Street’s biggest banks and angering lawmakers concerned about high prices for gasoline and other raw materials. Just two weeks before the “position limits” rule was to take effect, U.S. District Court Judge

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