The federal government has set up a new web-based questionnaire to gather farmer and industry feedback on the Growing Forward 2 (GF2) ag policy funding framework as it develops the next framework. The next agricultural policy funding framework is due to launch April 1, 2018, the government said in a release Monday. The first phase […] Read more
Ottawa seeks feedback ahead of Growing Forward sequel
Canada, U.S. to collaborate on food safety controls
Food safety officials in Canada and the U.S. have formally recognized each other’s respective food safety controls under a cross-border co-operation pact. The two countries last week announced their new food safety systems recognition arrangement, reached during meetings of the Canada-U.S. Regulatory Co-operation Council (RCC) held Wednesday and Thursday in Washington, D.C. The two countries […] Read more
Glencore in talks to sell further stake in ag unit
London | Reuters — Commodity trader and miner Glencore is in talks to sell a further 9.9 per cent stake in its agricultural unit, negotiating with bidders that missed out on the 40 per cent sold to the Canada Pension Plan Investment Board (CPPIB), two sources with knowledge of the matter said. Glencore, whose ag […] Read more
StatsCan report confirms tightening canola, wheat supplies
CNS Canada — Canadian canola and wheat supplies are much tighter heading into the final months of the 2015-16 crop year than they were at the same point a year ago, according to Statistics Canada’s latest stocks report. StatsCan pegged the country’s canola stocks, as of March 31, at 7.49 million tonnes in its report […] Read more
Cost index for railways’ grain revenue cap gets boost
The loonie’s decline since last year has led federal regulators to dial up the index guiding how much money Canada’s big two railways get to keep from hauling Prairie grain. The Canadian Transportation Agency (CTA) announced Friday it will raise its volume-related composite price index (VRCPI) by 4.8 per cent, to 1.3275, for the 2016-17 […] Read more
CN books lower first-quarter grain handle
Higher revenue per carload offset reduced grain and fertilizer traffic for Canadian National Railway (CN) in its first fiscal quarter. Montreal-based CN on Monday reported overall net income of $792 million on total revenues of $2.964 billion for the quarter ending March 31, up from $704 million on $3.098 billion in the year-earlier Q1. The […] Read more
Ottawa moves to extend expanded rail interswitching
Prairie crop growers hoping that changes in federal rail freight rules will continue past their expiration date are about to get their wish. Transport Minister Marc Garneau and Agriculture Minister Lawrence MacAulay on Friday announced they would bring forward a resolution in Parliament to extend provisions of the previous government’s Bill C-30, the Fair Rail […] Read more
CP pulls more grain for less in first quarter
Canadian Pacific Railway (CP) hauled more carloads of Canadian grain in its first quarter of 2016 compared to the same period last year — but for less revenue per car. Calgary-based CP on Wednesday reported overall net income of $540 million on revenues of $1.591 billion for its quarter ending March 31, up from $320 […] Read more
Flax expected to lose a third of acres
CNS Canada — Canada’s flax acres are expected to fall about a third from last year’s levels, according to Statistics Canada data. One market participant says weaker prices have influenced farmers, while another says smaller crops are often overlooked during surveys. StatsCan estimates flax’s seeded area at about 1.1 million acres, compared with 1.6 million acres […] Read more
Doomsday Vault keepers move to lock up more funding
Oslo | Reuters — The Crop Trust, which runs a so-called doomsday seed vault in the Arctic, secured a doubling of its core funds on Friday and urged the private sector to do more to safeguard commercial food production. Friday’s pledges totalling about $150 million were mainly from governments, including the U.S., Germany and Australia, […] Read more
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