Reuters — Recipe Unlimited Corp. said on Tuesday shareholder and investment firm Fairfax Financial Holdings has proposed to take the Canadian restaurant operator private for $1.23 billion, sending its shares up nearly 50 per cent. The offer price marks a premium of more than 53 per cent to Recipe’s last close. The shares have fallen […] Read more
Fairfax proposes takeover of Recipe dining group
Chains include The Keg, Swiss Chalet, Harvey's
Alberta crops improve tremendously over last year
Crops in Alberta remain in good shape as the latest crop report noted all crops across the province are 72 per cent good to excellent. That’s a huge improvement compared to this time last year when drought pushed crops down to 20 per cent good to excellent. Rain, especially in June proved to be very […] Read more
P.E.I. finance minister moves to ag file
Darlene Compton named agriculture minister in shuffle
Prince Edward Island’s deputy premier now handles the provincial agriculture file following a cabinet shuffle Friday. Premier Dennis King has named Darlene Compton, MLA for the riding of Belfast-Murray River, as minister of agriculture and land, justice and public safety minister and attorney general, replacing Stanhope-Marshfield MLA Bloyce Thompson. Thompson, who had handled the ag […] Read more
Drought conditions remain in Alberta, Saskatchewan
MarketsFarm — After copious amounts of precipitation alleviated the most severe drought conditions in Saskatchewan and Alberta, there were still some areas dealing with extreme dryness entering July, according to the Canadian Drought Monitor. At the end of June, only 22 per cent of the Prairie region was classified in the Abnormally Dry (D0) to […] Read more
Crop conditions in Alberta see remarkable turnaround
MarketsFarm – As the heydays of summer approach, Alberta reported that its crops were in good shape. The crop report placed all crops in the province at 75 per cent good to excellent, slightly above the five-year average. The rains throughout June were credited with the turnaround, but overall growth and development remained somewhat behind […] Read more
McCain acquires predictive crop technology
McCain Foods Ltd. has purchased predictive crop intelligence technology from Resson, a ‘vision intelligence technology’ firm headquartered in Fredericton, N.B. McCain has been a long-time partner with Resson, working together for nine years to develop algorithms that forecast farm yields using remote sensing technology. The technology will enable producers to make more appropriate decisions through […] Read more
Learning from McCain’s regenerative farming practices
Potato processing giant aims to 'de-risk' practices for growers
In 2021 McCain said it was going to launch three regenerative potato farming operations by 2025 and would label them “Farms of the Future.” The first, just outside of Florenceville-Bristol, N.B., now offers data to reflect on the effectiveness of the practices at the potato farm after its first fully operational season. “If we don’t […] Read more
Kellogg to spin off into three food companies
Plant-based foods, North American cereals to be hived off
The company that makes Mini-Wheats cereal, Pringles potato crisps and MorningStar veggie burgers now plans to see those each of those three product lines go their separate ways by the end of next year. Michigan-based Kellogg Co. said Tuesday its board has approved a plan to break into three yet-to-be-named independent publicly-traded companies by way […] Read more
Ottawa’s focus on green programs a concern for some farm groups
Focus On Practical Energy: While the programs are fine, producers also need ones that don’t fall into the green ‘bucket,’ they say
Reading Time: 4 minutes The flood of federal funding for adopting environmentally friendly farming practices is a positive step, but also a “drop in the bucket,” says the general manager of Alberta’s cereal commissions. Producers should definitely apply for the On-Farm Climate Action Fund (which offers 85 cents on the dollar for certain green practices), said Tom Steve of […] Read more
Snack maker chooses Airdrie for potato chip facility
Reading Time: < 1 minute Alberta agriculture is adding another notch to its economic diversification belt. Super-Pufft, one of North America’s largest makers of salty snacks for retailers and national brands, is opening a $50-million potato chip-processing facility in Airdrie. “Hopefully very soon we’ll open our state-of-the-art facility that is going to cater to Western Canada and western United States,” […] Read more
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