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Three tax changes could boost agriculture

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The CFA is lobbying for changes to three federal income tax rules and the Agri-Invest program it says would attract badly needed investment and young people into farming, while encouraging small operations to grow. Garnet Etsell, a member of the Tax Working Group of the Canadian Federation of Agriculture said in an interview the group
Cereals, Dairy cattle, Hogs, Livestock, News, Opinion

Letters, April 12, 2012

Government should help fund transition Regarding the article, “Time to start thinking about group housing” (March 22, 2012), Bernie Peet is right to alert pork producers to the reality that gestation crates are on the way out. While transitioning to new housing systems, this is an opportune time for producers to improve housing conditions for
News

ADM eyes ways to expand reach

Reuters / After passing on Viterra, Archer Daniels Midland is now eyeing acquisitions of smaller assets in North America. “Other than one-off deals, we can’t really grow too much in North America,” said A. James Shafter, the company’s vice-president of mergers and acquisitions. “We’ll always do one-off deals. Elevator assets, transportation assets, if it’s in
Crops, Grain Markets, News

Who is Glencore International?

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Who is Glencore International? A lot of people are asking as the giant, Swiss-based, publicly traded multinational firm prepares to buy Viterra and become a dominant player in Canada’s grain industry. Glencore describes itself as the world’s largest commodity trader — mostly in metals and minerals, but also crops. It employs more than 2,800 people
News

Hedging strategies if you’re selling in the U.S.

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If you sell product to the U.S., as many Canadian businesses do and want to protect yourself, you are probably asking what to do if the loonie is worth more than a U.S. greenback, which it has been again recently. With many risk-management tools available today, what is the best strategy for you in your
Cereals, Livestock, News, Oilseeds, Opinion

Letters — for 2012-03-29

Full costs to farmers underestimated Some years back Co-operator reporter Allan Dawson quoted a farmer saying that basis is a licence to steal. Two March 22 opinions are cases in point where we as farmers take a back seat to the private trade margin traders. In “The $5-million advantage of local processing,” Manitoba Cattle Enhancement
Cereals, Crops, Grain Markets, News

Currency risk protection offered

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Volatile currencies can hurt your bottom line more than changes in commodity prices. That’s why the Keystone Agricultural Producers (KAP), in conjunction with Western Union Business Solutions, is introducing a new foreign exchange risk-management program. “If it makes sense to a producer, we can provide a solution,” said Mark Kelly, Western Union Business Solutions’ senior
Crops, Grain Markets, News

Price now or price later? A primer on DDCs

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A deferred delivery contract can lock in a profit, 
but also prevents cashing in on future price increases

Adeferred delivery contract (DDC) is the most popular type of grain-marketing contract provided by grain buyers. A DDC, as they are often called, locks in the price for a certain quantity of a base grade of grain to be delivered to a certain location at some date in the future. “Advantages of a DDC are
Crops, Grain Markets, News

Breakaway gap alerts of counter-seasonal rally

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On December 19, 2011, a breakaway gap materialized, alerting soybean producers and traders alike to a sudden change in the price direction of the soybean market. In fact, this gap not only confirmed an end to the downward price spiral, but it marked the beginning of a counter-seasonal rally, with soybean prices rallying $1.65 per
Crops, Grain Markets, News, Oilseeds

Speculators raise wheat short to record high

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Large speculators raised their net short position in Chicago Board of Trade wheat futures and options to a record high amid ample stocks at a time of increased interest in the export market, regulatory data showed Feb. 24. The non-commercial traders, a category that includes hedge funds, cut back on their bullish bets on corn

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