Chief commissioner Elwin Hermanson says the CGC and Atradius Credit Insurance couldn’t develop an insurance-based protection plan. The CGC will consider options, but in the meantime the current plan remains in place.   photo: allan dawson

Grain commission bonding replacement plan stalls

Insurance industry rules make it difficult to protect farmer payments for delivered grain

After a year of negotiations to develop an insurance-based producer payment protection plan, the Canadian Grain Commission has called it quits, surprising and disappointing some farm groups. The CGC has been attempting to replace the current bonding system to protect farmers against payment defaults for grain delivered to merchandisers. It had been negotiating with Atradius

Warren Buffett

Buffett uses farm as investment example

Don’t speculate on price movements, says world’s fourth-richest man

Berkshire Hathaway chairman Warren Buffett, known for his folksy straightforward communication style, turned to farming to recommend his winning strategy for investors to follow. In an excerpt of his annual letter to shareholders, Buffett used a 1986 purchase of a farm located 50 miles north of Omaha to support his case about simple, diversified and











LIVESTOCK-CME live cattle futures decline on technical selling

* CME feeder finish down sharply * Hog futures close narrowly mixed By Meredith Davis CHICAGO, Nov 19 (Reuters) - Chicago Mercantile Exchange live cattle futures ended lower on Tuesday, pressured by technical selling and weaker wholesale beef prices, analysts and traders said. As the Thanksgiving holiday season approaches beef demand typically diminishes in favor