Chicago | Reuters — Bunge’s planned acquisition of Viterra would make the world’s biggest oilseed crusher even more dominant and secure a larger role in the expanding renewable diesel industry, although it may face competition hurdles. Under the deal to create an agricultural giant worth about $34 billion including debt, Bunge’s crushing capacity will increase […] Read more
Bunge deal for Viterra to boost oilseed dominance, renewable diesel potential
Canada's Competition Bureau pledges to review deal
Degelman buys grain bagging, milling equipment firm Renn
Alberta equipment maker's staff to continue with Degelman
Regina ag implement maker Degelman Industries has bought into the grain bagging and grain milling equipment business with a deal for Alberta manufacturer Renn Mill Center. Degelman, in a release Thursday, said it recently bought the Lacombe, Alta. company for an undisclosed sum and will keep Renn’s existing employees and management in place. In business […] Read more
Extent of Saudi oil production cut unclear
Reported tensions within OPEC limit price gains
MarketsFarm — At the OPEC+ meeting Sunday in Vienna, Saudi Arabia announced it will cut its oil production by one million barrels per day (BPD) come July. And while that move was bullish for the markets, by how much remains to be seen, said Phil Flynn of the Price Futures Group in Chicago. “It’s probably […] Read more
Animal care council won’t update livestock transport code of practice
NFACC says 'no further action' pending
After over four years’ publicly funded work to develop an updated national code of practice for livestock transport for Canada, the National Farm Animal Care Council has called a halt. In an information update dated May 1, NFACC said its board has now decided “no further action will be taken” by the council to update […] Read more
Canada’s combine sales up in April
Small tractor sales drag on total retail movement
Retail sales of combines in both Canada and the U.S. showed a marked increase in April this year while the market for sub-compact tractors continues to soften, new data shows. The count for April 2023 from the Association of Equipment Manufacturers (AEM) puts self-propelled combine sales in Canada at 166, up 50.9 per cent from […] Read more
Ford to keep AM radio, CEO says
Amid rising concerns, Canada's premier automaker will not drop AM
Ford Motor Co. has gone back on its plan to phase AM radio out of its vehicles. Ford CEO Jim Farley made the announcement Tuesday via Twitter, after company officials said last month that AM would be dropped from new non-commercial vehicles. “After speaking with policy leaders about the importance of AM broadcast radio as […] Read more
Agco, Kubota sign onto U.S. right-to-repair pledge
Firms join Deere, CNH in pacts with Farm Bureau
Two more major ag equipment makers have signed onto a framework that would grant farmers and independent repair shops in the United States reasonable access to the means to repair their machines. The Washington, D.C.-based American Farm Bureau Federation (AFBF) on Monday announced it had reached memorandums of understanding (MOUs) with equipment firms Agco and […] Read more
Potential loss of AM radio in vehicles a concern for farmers
Many farmers rely on AM range, signal; U.S. lawmakers launch legislation
Canadian farmers are expressing concern about the possibility of their access to AM radio disappearing. Ford, which has been Canada’s best-selling auto brand since 2009, has stated it plans to stop putting AM radios in non-commercial vehicles by 2024. The automaker’s decision follows those of companies such as Tesla, Mazda and Volkswagen, which have removed […] Read more
CNH raises revenue guidance on robust tractor demand
Price increases support profit margins
Milan | Reuters — Farm and construction equipment maker CNH Industrial on Friday raised its full-year revenue forecast as operating profit topped expectations in the first quarter, aided by a strong order backlog and resilient demand for its large tractors. The company increased its revenue outlook for industrial activities to between eight and 11 per […] Read more
JBS opens cleaning unit after outside firm fined for hiring kids
Company says has cut ties to cleaning contractor
Chicago | Reuters — JBS USA, one of the biggest U.S. meatpackers, is creating an internal company to clean some of its processing plants after a private sanitation firm it employed was accused of hiring children for dangerous work. The launch shows the complexities involved in replacing Packers Sanitation Services Inc. (PSSI), a firm that […] Read more
