Farmers urged to consider forming one, national association

Manitoba producer Danny Penner says there would be less duplication and better use of checkoff dollars

A Manitoba farmer mounting an effort to create one big commodity association says a splintered voice is not only expensive, it could cost farmers control of their industry. As the number of commodity organizations collecting checkoffs continues to grow, a 5,000-acre Manitoban farmer can be paying around $20,000 a year in checkoffs, said Danny Penner,






Hard red winter futures trading set to expand

The CBOT has acquired the Kansas City exchange and will move trading of the benchmark contract to Chicago

The Kansas City Board of Trade’s lightly traded hard red winter wheat futures contract is positioned to become the new benchmark for U.S. wheat prices following a takeover by CME Group, traders said. The size of the U.S. hard red winter wheat crop is the best argument for why volumes for the futures contract that


Smithfield Foods third-quarter results beat Wall Street estimates

reuters / Smithfield Foods Inc., the largest U.S. hog producer, reported third-quarter results that beat Wall Street estimates, helped by higher sales of packaged meat products such as Smithfield bacon and Eckrich and Armour sausages. The company, which receives nearly half of its revenue from packaged meat, said higher demand from international markets, particularly from

China delays GMO corn, rice to woo the public

China has delayed the introduction of genetically modified rice and corn as it tries to head off public fears, leading government scientists said March 7. The world’s largest rice producer and consumer gave safety approvals to Bt rice and phytase corn in 2009, but has not yet begun commercial production, even though it has already


German flour mills fined for anti-competitive behaviour

Hamburg / Reuters /German cartel agency BKA has imposed 41 million euros ($54.7 million) in fines on 22 flour mills and the German flour mills association for anti-competitive behaviour. BKA said it levied the fines for agreements in the marketing of flour. The investigation started in 2008 with searches of flour mills, and previous fines

Grain World: Canadian canola acres shifting into wheat

Canadian farmers will plant more spring wheat and less canola in 2013, said Brenda Tjaden Lepp, chief analyst with FarmLink Marketing Solutions in a presentation at the annual Wild Oats Grain World conference in Winnipeg, Feb. 25. Factoring in relative returns, rotational issues, and what she was hearing from clients, Tjaden Lepp forecast spring wheat