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Crops

Court approves Morris Industries’ sale to Rite Way

Yorkton plant, not included in deal, to close

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Seeding equipment manufacturer Morris Industries has been approved for sale to another Saskatchewan manufacturer — minus its Yorkton manufacturing plant, which is not part of the sale and is now expected to close by year’s end. Judge Shawn Smith of Court of Queen’s Bench in Saskatoon on Friday approved the sale of Morris to a
Crops

Buhler pulls Farm King manufacturing back to Canada

Work to halt at Minnesota plant early next year

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Winnipeg farm equipment maker Buhler Industries is relocating its Farm King manufacturing work back to Canada from the U.S. this winter. After consolidating its U.S. manufacturing this summer into one plant at Willmar, Minn., about 140 km west of Minneapolis, the company said Thursday it will also halt production at Willmar in early 2021. Buhler,
Markets

CUSMA pact takes effect under cloud of disputes, COVID-19

Deal appears to assure continuity of trade for agriculture

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Washington/Mexico City/Ottawa | Reuters — A modernized U.S.-Mexico-Canada trade pact took effect on Wednesday, ensuring continuity for manufacturers and agriculture, but the threat of disputes is exposing cracks in what was meant to be a stronger North American fortress of competitiveness. As the deal kicks in, the Trump administration is threatening Canada with new aluminum
Crops

Buhler to halt Farm King manufacturing at Fargo

Work to move to company's Minnesota plant

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Farm equipment maker Buhler Industries plans to gather its U.S. manufacturing work into one plant in Minnesota this summer and halt operations at nearby Fargo, N.D. The Winnipeg company, whose product lines include Versatile tractors and sprayers and Farm King application, tillage and hay equipment, said Monday it’s “optimizing” its U.S. production to boost efficiency
Dairy cattle, Livestock

Pandemic planning leads to staff cuts at Agropur

Dairy co-operative enters 'business continuity' mode

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Dairy co-operative Agropur’s “business continuity” plan against the COVID-19 pandemic calls for job cuts and layoffs for about three per cent of its total workforce. Longueuil, Que.-based Agropur announced Thursday it will eliminate 60 positions and temporarily lay off another 200 employees, all from its Canadian operations. In the “unprecedented context” of COVID-19, Agropur said
Deere & Co. is managing the agriculture downturn more effectively but there’s still storm clouds overhead.
Machinery & Shop, News

Deere earnings beat estimates but outlook downbeat

Global farm recession blamed for ongoing challenges but losses were smaller than predicted

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Deere & Co. reported a much smaller-than-expected decline in quarterly earnings Nov. 22, after it cut costs and raised prices to compensate for sluggish demand for its agricultural and construction equipment, and its shares jumped more than 10 per cent. The company forecast revenue for the new fiscal year would fall about one per cent

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