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Machinery & Shop

Brazilian meatpacker JBS SA’s logo on a tower in Jundiai, northwest of Sao Paulo in southeastern Brazil, on June 1, 2017. (File photo: Reuters/Paulo Whitaker)
Livestock, Machinery & Shop, Reuters

JBS says it paid US$11 million in bitcoin for ransom

Cyberattack disrupted plants in North America, Australia

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Reuters — Meatpacker JBS USA paid a ransom equivalent to US$11 million (C$13.3 million) following a cyberattack that disrupted its North American and Australian operations, the company’s CEO said in a statement Wednesday. The subsidiary of Brazilian firm JBS halted cattle slaughtering at all of its U.S. plants and its Alberta beef plant for a […] Read more
File photo of the flags of Canada and its provinces and territories at Canada Place in Vancouver. (lilly3/iStock/Getty Images)
General, Machinery & Shop, Markets, Weather

Feds launch consultations on next ag policy framework

Programming types, cost-sharing among expected contentious points

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Consultations for Canada’s next agricultural policy framework are officially underway. The five-year framework agreement currently in place, known as the Canadian Agricultural Partnership (CAP), is a $3 billion funding deal between federal, provincial and territorial governments that funds a wide range of programming within the sector. That deal, agreed upon in mid-2017, kicked off in […] Read more
(JBSFoodCanada.ca)
Livestock, Machinery & Shop, Reuters

Ransomware attack on JBS halts Canadian, U.S. slaughter

Cyberattack likely from Russia, White House says

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Chicago/Aboard Air Force One | Reuters — Brazil’s JBS SA told the U.S. government that a ransomware attack on the company that has disrupted meat production in North America and Australia originated from a criminal organization likely based in Russia, the White House said on Tuesday. JBS is the world’s largest meatpacker and the cyberattack […] Read more
(Sansubba/iStock/Getty Images)
Livestock, Machinery & Shop, Poultry/Eggs

Feather sector’s on-farm upgrade program underway

Applications now being accepted for funding

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The federal free trade compensation program to help Canada’s poultry and egg producers pay for on-farm upgrades, renovations and improvements is now taking applications. The $646.8 million, 10-year Poultry and Egg On-Farm Investment Program (PEFIP) is now formally underway, Agriculture Minister Marie-Claude Bibeau announced Monday. Each eligible Canadian producer is entitled to an amount proportional […] Read more
Flush farmers have a reputation for reinvesting in their operations, which has a positive impact on the economy. (Luca Piccini Basile/iStock/Getty Images)
General, Machinery & Shop, Markets

StatsCan shows 2020 farm income up significantly

Farm cash receipts were up more than expenses

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Canadian farm income, no matter how it’s measured, was up a lot in 2020, data released Wednesday by Statistics Canada show. Canadian net farm income of $18.1 billion is up $4.8 billion from 2019 — a 36.5 per cent increase. Another measure — realized net farm income (RNFI) — saw farmers take in $9.9 billion, […] Read more
Raven is rebranding the DOT autonomous system, shown here, under the name OMNiPower. (Raven Precision video screengrab via YouTube)
Crops, Machinery & Shop

DOT, AutoCart autonomous equipment lines rebranded

Parent firm Raven Industries' products tied to new brand

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U.S. precision agriculture equipment firm Raven Industries has set up a unifying brand for its acquired product lines, including the Canadian-born DOT autonomous field tool system. South Dakota-based Raven on May 12 launched the OMNi brand for its autonomous platform, rebranding DOT as OMNiPower and the AutoCart system as OMNiDrive. All of Raven’s intelligent autonomous […] Read more
U.S. President Joe Biden test-drives the new Ford F-150 lightning truck at Dearborn, Michigan on May 18, 2021. (Photo: Reuters/Leah Millis)
General, Machinery & Shop, Reuters

Ford wires its electric trucks for business customers

Tesla, GM seen positioning electric pickups as 'lifestyle vehicles'

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Detroit | Reuters — Ford Motor Co.’s newly revealed electric version of its best-selling F-150 pickup doubles down on a bet that the company can beat Tesla and other rivals by giving new technology a familiar face and convincing longtime fleet and business customers that going electric saves money. Ford officially unveiled the battery electric […] Read more
(CervusEquipment.com)
Crops, Machinery & Shop

Cervus expects chip shortages may continue into fall

Deere dealer chain books increased Q1 profit

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The semiconductor chip shortage plaguing automotive and equipment manufacturers may last into the second and even third quarters of the year, farm equipment retailer Cervus Group says. Calgary-based Cervus — which operates 64 dealerships in Canada, Australia and New Zealand, including 38 devoted mainly to Deere farm equipment — expects increased demand to run up […] Read more
(Dave Bedard photo)
Crops, Machinery & Shop

Cost index up for CN, down for CP in grain revenue formula

CP expects lower labour costs, CN higher

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Expected labour costs were the major difference in a new ruling on the index that determines how much revenue each of Canada’s big two railways get to keep in the coming crop year from hauling Prairie grain. The Canadian Transportation Agency (CTA) on Thursday announced its decisions on the volume-related composite price index (VRCPI) for […] Read more
(Thinkstock photo)
General, Machinery & Shop, Weather

Federal budget plays to mixed reviews from ag groups

Funding for green initiatives, carbon pricing rebate plan hailed

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The Canadian Federation of Agriculture (CFA) says it is “pleased” the 2021 federal budget included some of the recommendations it had made. Finance Minister Chrystia Freeland’s first budget, released April 19, included significant spending to help producers transition to a greener economy and cited agriculture as a foundational pillar of Canada’s future. “CFA will be […] Read more

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