Reuters — U.S. packaged food companies are set for a flurry of deals in a push to revamp their brand portfolios as their pandemic-era fortunes fade and benefits of price hikes start to taper off. Last month, Campbell Soup struck a $2.7 billion deal for Rao’s sauce maker Sovos Brands (all figures US$). Unilever bought […] Read more
U.S. food companies go deal hunting as pandemic growth fades
Twinkies maker Hostess exploring a sale
P.E.I. names new deputy ag minister
Gordon MacFadyen replaces Brian Matheson
Prince Edward Island’s Premier Dennis King has named a new top bureaucrat for the province’s agriculture ministry and others, to manage a fresh round of post-election ministerial mandate letters. Gordon MacFadyen, most recently executive director of fiscal management and assistant secretary to Treasury Board with the provincial finance department, was announced Aug. 8 as deputy […] Read more
Central Alberta fruit and vegetable producers find success in co-operative effort
By banding together in a closed co-op, Innisfail Growers members say they can be more successful individually
Reading Time: 4 minutes Market gardens and farmers markets might have a bucolic reputation but they’re a tough business. Buyers expect quality, flavour and, most importantly, variety. They’re not interested in a stand with a single product such as carrots, beets or strawberries. They want the whole produce basket. For a single grower to meet those expectations is a […] Read more
Alberta potatoes chip in $2.9 billion for Canadian economy
New report verifies what many in industry suspected
Alberta’s potato industry is making a big impact — not just on that province but the entire country. A new report — dubbed a “landmark study” by the Potato Growers of Alberta — revealed the sector drove a total contribution of $2.87 billion to Canada’s economy in 2022. It also notes the nationwide creation of […] Read more
Gene-edited crops clear CFIA’s regulatory bar
Agency guidance puts gene editing on level of conventional breeding
Plants gene-edited for efficient use of water or nutrients or to better withstand pests or drought now won’t have to clear the same regulatory hurdles in Canada as any crops that are modified for herbicide tolerance or include foreign genes. Federal Agriculture Minister Marie-Claude Bibeau on Wednesday announced updated guidance from the Canadian Food Inspection […] Read more
Thompson returns as P.E.I. ag minister
Ag and land ministry split; Compton not returning to cabinet
Prince Edward Island’s former agriculture minister is again its current ag minister, in a post-election cabinet shuffle by returning Premier Dennis King. Bloyce Thompson, MLA for the district of Stanhope-Marshfield since 2019 and ag minister from 2019 until last summer, was again appointed April 14 as King’s minister of agriculture, justice and public safety and […] Read more
P.E.I. ag minister, ag critics re-elected
Tories return with majority; Liberals regain official opposition
Prince Edward Island’s incumbent agriculture minister and opposition agriculture critics prevailed in Monday night’s provincial election, in which incumbent premier Dennis King’s Tories were returned with a majority. Darlene Compton, King’s agriculture minister since last summer and his incumbent deputy premier, won re-election Monday for the Progressive Conservatives in her district of Belfast-Murray River. Compton, […] Read more
McDonald’s reported laying off hundreds of corporate employees
Layoffs don't include restaurant-level workers
New York | Reuters — The number of corporate employees McDonald’s Corp. plans to lay off this week will tally in the “hundreds,” a source familiar with the burger chain’s thinking said on Monday, as the company moves forward with a previously announced restructuring. The fast-food company is closing its offices “out of respect,” and […] Read more
Alberta farmland values up 10 per cent on average
Alberta's increase comes in below a national average that exceeded expectations
Reading Time: 4 minutes Average Alberta farmland values rose 10 per cent in 2022, according to Farm Credit Canada statistics released March 13. That’s less than the 12.8 per cent average for the rest of the country, but it’s the largest increase the province has seen since 2015, when prices rose 11.6 per cent. Last year’s figure follows increases […] Read more
Potato wart survey gives clean bill of health
Fields across Canada with a history of getting seed potatoes from P.E.I. tested negative
A national survey on the watch for potato wart has come back clean. On March 13, the Canadian Food Inspection Agency (CFIA) said results from their 2022 potato wart survey had not found any cases of the soil-borne fungus. The agency had tested nearly 1,500 soil samples from fields in British Columbia, the three Prairie […] Read more