Reuters — U.S. agricultural equipment maker Agco Corp. said on Friday a ransomware attack was affecting operations at some of its production facilities, and dealers said tractor sales had been stalled during the crucial planting season. Georgia-based Agco, whose brands include Massey Ferguson, Fendt, Challenger and Valtra, said in a statement it expects operations at […] Read more
Agco ransomware attack disrupts equipment sales
Dealerships cut off from parts ordering system
CNH confident on navigating supply issues beyond first quarter
Market environment remains 'a battle'
Milan | Reuters — CNH Industrial beat first-quarter earnings expectations on Tuesday and the agricultural and construction machine maker’s CEO said he was confident the company could successfully navigate ongoing global supply chain issues. “Don’t underestimate how difficult the environment is, it’s a battle,” CEO Scott Wine told analysts after the company posted a 9.2 […] Read more
Agco buys Manitoba ag autonomy firm JCA
Massey, Fendt maker boosts precision ag capacity
International farm equipment maker Agco is aiming to boost its bench strength in the precision agriculture and autonomous ag sectors by buying a Prairie software and hardware company known for both. Agco, the maker of machinery brands including Massey Ferguson, Fendt, Challenger and Valtra, said Monday it has bought Winnipeg-based JCA Technologies for an undisclosed […] Read more
Farming behind the lines: Hostages of globalization
Imagine — even if it looks unrealistic — that one day Canada will be cut off from the rest of the world. And all import deliveries to the country will be possible, for example, only through Alaska, only by trains along one route. It sounds absurd, but Ukraine, in the very heart of Europe, is […] Read more
Stellantis’ battery plans take shape in Italy, Canada
LG and Stellantis set up j.v. for Windsor gigafactory
Milan/Ottawa | Reuters — Stellantis took significant steps in its battery production plans in Europe and North America on Wednesday as carmakers race to meet rising demand for electric vehicles. The maker of Ram, Dodge, Chrysler, Fiat and Jeep vehicles said its Automotive Cells Co. (ACC) joint venture with Mercedes-Benz and TotalEnergies would build a […] Read more
Schoepp: The cost of climate change action shouldn’t fall on the few
Big changes are being contemplated — farmers should be part of the planning and be fairly supported
Reading Time: 3 minutes Climate consciousness has been replaced by a sense of urgency, much of it focused on Canadian agriculture. Before we begin the climate conversation, let us go to other areas of the world. Recently I spoke at length with friends in Europe where the momentum on climate action in Germany had resulted in embracing wind power. […] Read more
GM ramps up EV push with plans to make battery materials in Canada
Automaker and BASF both plan CAM plants at Becancour
Reuters — General Motors and South Korea’s POSCO Chemical will build a $400 million facility to produce battery materials in Canada as the carmaker ramps up plans to produce mainly electric vehicles (EVs) in the future, the companies said Monday. The plant will produce cathode active material (CAM) for vehicle batteries at Becancour, Que. Cathodes […] Read more
CNH sees revenues rising to 2024 on precision agriculture plans
Margin at agricultural unit seen at 14.5 to 15.5 per cent
Milan | Reuters — Italian-American vehicle maker CNH Industrial on Tuesday gave guidance for a total revenue growth of up to 24 per cent through 2024 as it presented a new business plan after spinning off its truck, bus and engine units. In a bid to focus on its higher-margin agriculture and construction machine businesses, […] Read more
ADM releases alternative protein outlook for 2022
MarketsFarm — Major U.S. agribusiness ADM released a report Tuesday identifying the seven biggest trends in the alternative protein market, ranging from creating new protein sources from fungi to making plant-based meat substitutes more affordable and palatable to the general public. The seven trends in the report were: introduction of novel protein sources, using microbial […] Read more
Prizes put up to develop year-round berry production in Canada
Weston Foundation's new challenge backed with $33 million
A philanthropic foundation focused on improving public health now wants to improve diets by finding ways to juice up Canada’s home-grown fruit supplies. The Weston Family Foundation on Tuesday pledged $33 million over six years for what it calls the Homegrown Innovation Challenge, a prize challenge pitting ideas against ideas with the goal of extending […] Read more