U.S. agrifood giant J.R. Simplot plans to bulk up its potato processing footprint in southern Manitoba with a $460 million plant expansion. The company and the provincial government on Wednesday announced construction will begin this spring on a 280,000-square foot expansion at its 180,000-square foot french fry processing plant at Portage la Prairie. The expansion, […] Read more
Simplot to supersize Portage la Prairie fry plant
Moving freight to get more expensive for food companies
Reuters — U.S. food companies called out rising freight costs as a reason for lower profit margins in the holiday quarter, with more pain seen in 2018 as a dearth of drivers and higher diesel prices make it even more expensive to transport products to stores. Hershey, Mondelez International, J.M. Smucker and Campbell Soup said […] Read more
At least two killed in potato farmer protests in Peru
Lima | Reuters — At least two people have been killed in clashes at protests by potato farmers across the Peruvian Andes, police said on Thursday, as demonstrators demanded the government make good on promises to buy excess potatoes after a sharp price drop. Thousands of farmers took part in the protests on Wednesday and […] Read more
Rising diesel could surge with U.S. infrastructure plan
CNS Canada — Diesel costs in Western Canada are roughly eight to 10 cents higher on average than anytime in 2017, and an industry expert warns that gap could grow even more with a potential surge of U.S. construction. “I think we’re already seeing more evidence of a robust, consumption-driven U.S. as more disposable income […] Read more
Campbell to shut Toronto soup, broth plant
Campbell Soup Co. will call a halt to all Canadian soup and broth production by mid-2019 when it closes the doors on its Toronto manufacturing plant. The Camden, N.J. company’s Canadian arm announced Wednesday it will close the plant in phases over a period of up to 18 months and move its production to three […] Read more
The Keg to merge into Swiss Chalet, Harvey’s parent
Major Canadian steakhouse chain The Keg is set to merge into Cara Operations, the parent for dining chains such as Swiss Chalet, Harvey’s, St-Hubert and Milestones, in a $200 million cash-and-stock deal. The two companies said Tuesday a merger will afford them “synergistic opportunities in marketing, real estate and overall costs that will help further […] Read more
Mexico will leave NAFTA talks if Trump triggers process to withdraw
Mexico City | Reuters — Mexico will leave the NAFTA negotiating table if U.S. President Donald Trump decides to trigger a six-month process to withdraw from the trade pact, three Mexican sources with knowledge of the talks told Reuters on Wednesday. Reuters reported earlier in the day that Canada was increasingly convinced that Trump would […] Read more
P.E.I. names new agriculture minister
Prince Edward Island’s minister of agriculture and fisheries has quit the post after announcing his decision not to seek re-election. Alan McIsaac, the MLA for Vernon River-Stratford since 2007 and the province’s ag minister since 2015, announced Wednesday he won’t run in the next provincial election, scheduled for October next year. “Given this, I feel […] Read more
Crop Insurance: Hail claims dipped sharply but unharvested acres soared
The number of unseeded acres rose eightfold but the provincial crop insurer paid out less than half the usual amount of hail claims
Reading Time: 2 minutes Dry conditions had one benefit this year — they helped contribute to a big drop in hail damage. “It was very dry in the south, with less activity in relation to hail. The central-south areas were more active this year,” said Daniel Graham, manager of business risk products with the Agricultural Financial Services Corporation (AFSC). […] Read more
What’s the view from your farm in 2027?
Long-term planning is easy to put off, but there can be a steep price to pay, says financial specialist
Reading Time: 2 minutes No matter what age, it’s never too early or late to put together a long-term plan for your farm, says a provincial financial specialist. “Farmers are always busy with their daily and seasonal tasks,” says Rick Dehod. “When asked what their plan is for the next 10 years, they often say they haven’t had a […] Read more