FCC launches new loan for young agri-businesspeople

Canada’s federal farm lending agency is expanding its loan offerings in agribusiness and agrifood with a new program aimed at young businesspeople. Farm Credit Canada’s Young Entrepreneur Loan, launched Thursday in Ottawa during Canada Agriculture Day celebrations, will offer financing of up to $1 million per qualified applicant under age 40, at closed variable rates […] Read more



UPA

Quebec farmers to shut snowmobile trails in tax dispute

Members of Quebec’s general farm organization plan to revoke permission for snowmobilers to use their land starting Monday, in protest over the province’s planned reforms to its farmland property tax credit. L’Union des producteurs agricoles (UPA) said Wednesday it had been planning such a move in late 2016 but on Dec. 20 had asked members […] Read more

How to evaluate a diesel engine

Are you thinking of buying a used tractor or other farm machine for next season? It’s only a few months before the spring auction sale season kicks off again, and there is no shortage of used machines on dealer lots to pick from right now.
 Buying used equipment can be a great way to add[...]
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Textron to buy Arctic Cat

A U.S. firm with multiple brands in the utility vehicle market is set to add Minneapolis-based ATV and snowmobile maker Arctic Cat to its roster. Providence, R.I.-based Textron Inc. announced Wednesday it has signed an all-cash merger deal to buy NASDAQ-traded Arctic Cat for $18.50 a share, or about $247 million (all figures US$). Arctic[...]
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Grain handle helps lift CN to record Q4

Traffic in Prairie grain and U.S. soybeans got credit Tuesday for helping Canadian National Railway (CN) to a record profit for its fourth fiscal quarter. Montreal-based CN booked net income of $1.018 billion on revenue of $3.217 billion for the quarter ending Dec. 31, up from $941 million on $3.166 billion in the year-earlier period.[...]
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CP’s revenue, Prairie grain handle down for year

A reduced Prairie grain handle has taken a bite out of the year-end gross for Canadian Pacific Railway in what’s turned out to be CEO Hunter Harrison’s last year on the job. Calgary-based CP on Wednesday announced full-year net income of $1.599 billion on $6.232 billion in gross revenues, up from $1.352 billion on $6.552[...]
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Xplornet buying YourLink

One of Canada’s biggest providers of rural broadband is set to expand its space in the Saskatchewan market by buying rural high-speed wireless provider YourLink. New Brunswick-based Xplornet Communications on Monday announced an all-cash $28.75 million deal with Victoria-based Vecima Networks for the “remaining assets” of Vecima’s YourLink business. YourLink, based in Saskatoon, is a[...]
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Pattison

Pattison merges Deere dealership chains

The Jim Pattison Group has consolidated its Prairie farm equipment dealerships in Saskatchewan and Manitoba under one new banner. Pattison on Tuesday announced the merger of its Maple Farm Equipment and JayDee AgTech chains, which deal mainly in John Deere farm equipment. The two chains are to be rebranded as Pattison Agriculture. Darrin Didychuk, now[...]
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