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Cereals, Crops, News

Farmers fear consolidation, not foreigners, in Viterra bid

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Reuters / For most of the past year, western Canadian farmers have braced for the rush of competition that will follow the end of the Canadian Wheat Board’s 69-year-long monopoly on grain marketing in August. Now, they’re preparing for the possibility of seeing less than expected. The fertile region’s biggest grain handler, Viterra, said March
Cereals, Crops, News

Canadian Wheat Board seen gaining grain-handling deals

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Canadian Agriculture Minister Gerry Ritz said Feb. 27 he is confident the Canadian Wheat Board will strike agreements with grain handlers to allow it to start buying farmers’ 2012 crops for future delivery. As of Aug. 1, the wheat board plans to continue buying and selling upcoming crops, even though farmers will be no longer
Cereals, Crops, News

More Crops Briefs, Jan. 26

Viterra shares stumble after disappointing Q4 Reuters / Shares of Viterra fell sharply after the grain handler reported disappointing quarterly results. The company reported lower-than-expected fourth-quarter earnings of three cents a share, although revenue of $3.1 billion topped expectations. CEO Mayo Schmidt said the results were “definitely disappointing.” However, for the year, Viterra’s profit jumped
Cereals, News

How To Silence A Critic In 14 Days Or Less

TORONTO/REUTERS Viterra Inc. appointed a representative from its largest shareholder as a director less than two weeks after the same investor said the board was poorly equipped to lead Canada s biggest grain handler. Regina, Sa s k a t c h e w a n-based Viterra said late Nov. 11 that Brian Gibson had
Cereals, Grain Markets

Viterra Says CWB Can Thrive In Open Market

Winnipeg / reuters Canada s biggest grain handler, Viterra Inc., is willing to work with the Canadian Wheat Board in an open-market system and thinks the board can thrive without its marketing monopoly, chief executive Mayo Schmidt said Oct. 21. If the wheat board chooses to engage with industry to frame out a relationship and
Cereals, News

Harper Orders Wheat Board Out Of The Way

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Canada s Conservative government will pass legislation very soon to end the Canadian Wheat Board s monopoly on marketing western wheat and barley for milling or export, Prime Minister Stephen Harper said Oct. 7, strongly warning the board to get out of the way. Harper, in Regina, Saskatchewan for the announcement for construction of Western
Cereals, Dairy cattle, News

Australian Trade Minister Supports End To Single Desk

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Agriculture Minister Gerry Ritz has a new high-profile ally in his quest to end the Canadian Wheat Board s (CWB) single desk Australian trade minister Craig Emerson. The Australian Wheat Board s export monopoly ended in 2008 and Emerson said it has been a great success. The Australian experience has been unambiguously good, he said
Crops, Forages, Livestock

It’s Not Too Late To Seed Some Forages

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Most farmers have parked the seeder by mid-July, but this year, thanks to abundant moisture and a program offered by Ducks Unlimited Canada (DUC) and Viterra, there are a few more reasons to plant some late forages. The Forage Incentive Program offers conservation-minded farmers up to $30 an acre to seed any of a number
Crops, Pulses

Viterra Buys U.S. Legume Processor

Viterra Inc, Canada’s biggest grain handler, said June 20 that a subsidiary has bought Premier Pulses International Inc, a U.S. processor and seller of legume crops. The deal includes a pea and lentil processing and merchandising facility in Minot, North Dakota, and a marketing office in Lewiston, Idaho. Premier Pulses is located in the main
Cereals, News

Who’s Responsible For A Viable Open-Market CWB?

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Agriculture Minister Gerry Ritz says the Canadian Wheat Board can survive in an open market, but it’s up to the board and the industry to figure out how. Ritz arrived for a half-hour visit at the board May 30 – his first-ever foray into its downtown offices – to inform officials there what he had

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