Grain carloads were marginally fewer but grain revenue per carload climbed 10 per cent to help Canadian Pacific Railway to its highest quarterly revenue ever. Calgary-based CP on Oct. 18 booked net income of $622 million on $1.898 billion in revenues — its “highest ever (revenues) for any quarter” — in its third quarter ending […] Read more
Grain handle down slightly in record quarter for CP
La Coop federee to rebrand agribusiness arm
Crop and livestock producers dealing with the agribusiness division of Quebec’s La Coop federee can expect to see a new name in the game early next year. La Coop announced Sept. 25 it will change the name of the division — which today operates under the Elite and La Coop brand names — to Sollio […] Read more
CAQ taps businessman as Quebec’s new ag minister
Quebec’s new governing party has turned to one of its more experienced MNAs to handle the farm file. Premier Francois Legault on Thursday named Andre Lamontagne, a businessman and former supermarket owner and the MNA for the southwestern riding of Johnson, as his minister of agriculture, fisheries and food, and as minister responsible for the […] Read more
Farm Forum Event under new management
The company behind Canada’s two biggest outdoor farm shows is expanding to the great indoors as the new operator of another well known Canadian farm industry event. Glacier FarmMedia announced Monday it has acquired and will assume management of the Farm Forum Event, an annual professional development event for farmers, starting with its 20th anniversary […] Read more
Grain firms Andersons, Lansing to merge
The two U.S. grain firms that jointly own Ontario grain handler and processor Thompsons Ltd. are taking their relationship to the next level. Ohio-based grain handling and processing firm The Andersons, Inc. announced Monday it has signed a deal with Lansing Trade Group (LTG) for the remaining 67.5 per cent of LTG it doesn’t already […] Read more
Vegetable seedling grower, cannabis grower to merge
A B.C. company that raises seedlings for greenhouse vegetable growers is set to devote its existing square footage to weed, following a takeover by a B.C. cannabis grower and processor. Langley-based, publicly-traded Bevo Agro on Thursday announced a reverse takeover deal with Surrey-based, privately-held cannabis firm Sun Pharm Investments, which will see Sun Pharm shareholders […] Read more
Maple Leaf to buy Quebec pepperoni processor
Meat processor Maple Leaf Foods plans to boost its space in the pepperoni and dry-cured meats market with a deal for Montreal-based Viau Foods. Toronto-based Maple Leaf announced Tuesday it will pay $215 million, including $30 million in Maple Leaf shares, for Viau, which today bills itself as “Canada’s most important independent producer of pepperoni.” […] Read more
AgriRecovery offered for B.C. wildfire costs
British Columbia ranchers and farmers who lost pasture or cropland or had to move livestock out of the path of wildfires this year may be eligible for AgriRecovery funding. The federal and B.C. governments on Thursday announced a new AgriRecovery program worth up to $5 million to help defray “extraordinary costs incurred” due to wildfires […] Read more
CAQ’s ag critic among winners in Quebec election
The agriculture critic for Francois Legault’s Coalition avenir Quebec (CAQ) will be among the party’s returning MNAs as it forms Quebec’s next government. The CAQ pulled a majority government in Monday’s election with 74 seats, defeating Philippe Couillard’s Liberals, who were reduced to 32 seats, followed by Quebec solidaire with 10 seats and the Parti […] Read more
Outrage, acceptance greet Son of NAFTA
Responses from Canada’s farm sectors range from acceptance to anger as concessions and market access granted under the successor to the North American Free Trade Agreement (NAFTA) come into clearer view. Dairy: ‘Who needs an enemy?’ The new agreement, announced Sunday and dubbed the United States-Mexico-Canada Agreement (USMCA) by the U.S. government, is expected to […] Read more
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