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Aurora Cannabis to shut five Canadian grows

Closures mean layoffs for 30 per cent of firm's production staff

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Edmonton marijuana producer Aurora Cannabis is poised to close five of its grow sites across Canada and lay off almost a third of its production workforce. The company on Tuesday announced next steps in the “business transformation plan” it launched in February to “better align the business financially with the current realities of the cannabis […] Read more
Nationally, farm net cash income was $12.95 billion, up six per cent overall
News

Not the best of times, but farm income rose in 2019

After a big drop two years ago, net income rose last year — and cannabis became a major crop

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Alberta farm income more than doubled last year. But it’s not as good as it sounds, even if you have been indulging in some of what is suddenly the province’s third-largest cash crop. Net farm income in Alberta in 2019 was just north of $671 million — which is well above the 2018 figure of […] Read more
General, Markets

Legalization lifts Canada’s net farm income in 2019

Livestock receipts up, unsmokeable crop receipts lower

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A significant year-over-year increase Canada booked last year in realized net farm income rests mainly on 2019’s status as the country’s first full year in the recreational cannabis market. Statistics Canada on Tuesday released full-year data on farm income, pegging Canada’s realized net farm income for 2019 at $4.9 billion — a 10.4 per cent […] Read more
General, Markets, Reuters, Weather

EU plans to halve pesticide use, expand organic farming

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Brussels | Reuters — The European Commission said on Wednesday it planned to increase organic farming and cut agricultural chemical use to protect the environment, proposals welcomed by green groups but which farmers said would make them less flexible. Agriculture is a contributor to climate change – producing around 10 per cent of EU greenhouse […] Read more
General, Machinery & Shop, Markets

Agri-food tech expected to be a post-pandemic growth industry

Ag, food sectors may seek out more e-commerce, labour-saving tools

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Ottawa — A researcher at the University of Guelph says the COVID-19 pandemic will spark agility – particularly related to technology – in agriculture. “(The pandemic) has re-emphasized the need to get access to some of the technology that exists in other sectors and are not easily accessible in agri-food systems,” said Rozita Dara, an […] Read more
Crops

Canopy Growth to close Saskatchewan pot plant

Ontario company stepping out of other international plays

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A major indoor cannabis grow site at Yorkton, Sask. is the latest casualty as pot producer/retailer Canopy Growth adjusts its worldwide footprint. Smiths Falls, Ont.-based Canopy Growth, whose cannabis brands include Tweed, Tokyo Smoke, Van der Pop and Spectrum Therapeutics, announced Thursday it will shut down its Tweed Grasslands production facility at Yorkton to “further […] Read more
Crops, Reuters

Ontario drops weed from essentials list

Officials call for further intervention

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Reuters — Ontario’s government on Friday removed cannabis from a list of essential businesses allowed to operate during the lockdown, as part of its efforts to further restrict contact amid a deepening coronavirus crisis. The move comes after health officials projected 80,000 COVID-19 coronavirus cases and about 1,600 deaths by month end under current policies, […] Read more

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