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In Brief… – for Jun. 17, 2010

Correction: Several errors regarding the Cover Crop Protection Program (CCPP) appeared in a story about excess rain in the June 3 edition of the Manitoba Co-operator. The CCPP was introduced for 2005 and 2006 to assist farmers with flooded cropland, not 2004 and 2005 as reported. It paid farmers $15 an acre, not $30. And
Livestock, Oilseeds

Viterra Plans Canola Plant In China

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Canadian grain handler Viterra Inc. confirmed plans April 20 to build a canola-crushing plant in South China with state-owned company Guangxi Beibu Gulf International Port Group Co. The plant will be located at the Port of Fangchenggang in the province of Guangxi and will crush about 680,000 tonnes annually, Viterra said. The move comes as
Cereals, Crops

Ag Sector Pressured By Lower Crop Prices

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A plunge in grain prices to start 2010 has pressured shares of some Canadian agricultural companies, but the pullback may be short lived given the industry’s strong long-term fundamentals. Analysts said the multiyear trend of improving diets in populous, developing countries like China and India remains intact, suggesting investors may find opportunities after recent price
Cereals, Crops

Oat Crop Late But Catching Up

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The oat harvest in Canada’s top-producing region of central Saskatchewan is far behind normal progress but farmers are catching up fast with nearly ideal early-autumn weather. Crop development and harvest are two to three weeks late in the area, said Grant McLean, the cropping management specialist for the government of the western province. Hot weather
Cereals, Crops

Viterra Completes ABB Sale

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Canadian grain handler Viterra Inc. said on Sept. 21 it will pay shareholders of ABB Grain A$751.7 million (US$652.5 million) in cash, plus shares in Viterra, to complete its takeover of the Australian company. ABB shareholders had until Sept. 19 to choose among options weighted toward Viterra shares or cash. Nearly 62 per cent of
News, Oilseeds

Viterra Enters Canola-Crushing Business

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A Manitoba canola-crushing plant with a checkered past has a new owner who promises a bright future for the facility. Viterra Inc. last week held a grand opening for its canola crush operation which it purchased earlier this year from Associated Proteins LP. It’s Viterra’s first venture into the canola-crushing business but likely not the
Cereals, Opinion

Viterra Attempts To Go Global

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Atakeover of Australia’s ABB Grains Ltd. by Viterra Inc. could transform the Canadian grain company into a global powerhouse, but it also runs the risk of repeating mistakes made in a previous attempt at foreign expansion. Viterra, Canada’s largest grain handler, has offered up to A$1.64 billion (US$1.16 billion) for ABB, a major Australian grain
Crops

Fertilizer sales picking up in Western Canada

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After low interest through November and December, farmers in Western Canada are starting to book fertilizer for the spring, according to Viterra Inc. officials participating in the company’s recent conference call. A late harvest in Western Canada, combined with poor weather conditions and farmer uncertainty associated with declining fertilizer and crop prices, led to very

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