Sweetening existing tax credits on big-ticket investments, and setting up a new Crown corporation to support Indigenous investors, are among the items expected to help encourage new value-added ag projects in Saskatchewan’s latest budget. Provincial Finance Minister Donna Harpauer on Wednesday released her 2022-23 budget with $17.6 billion in expenditures on $17.2 billion in revenues, […] Read more
Saskatchewan budget aims to spur ag investment
Potash, crude oil resource revenues help cut deficit
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
Fuel prices may remain high beyond Russian invasion, expert says
MarketsFarm — The decision by the U.S. to halt the import of Russian petroleum products due to the country’s invasion of Ukraine created sticker shock at the pumps in North America — but an end to that invasion would not necessarily mean an end to high fuel prices. On March 15, the average price of […] Read more
Farming behind the lines in Ukraine
A Ukrainian agriculture journalist chronicles the challenges of sowing a crop during wartime
Ukrainians will farm their land, even in the face of war. In the Kherson area of southern Ukraine, where war rages and the city of Kherson is seen by the Russian invaders as strategic, a column set out on Monday. This was a column of tractors, under the flag of Ukraine. In it were farmers […] Read more
Spring road bans coming into effect across Prairies
MarketsFarm — Warming temperatures and melting snow across Western Canada may cause some disruptions to grain and livestock movement over the next few weeks as seasonal spring road restrictions come into effect across the Prairies. Annual spring road restrictions set axle weight limits for vehicles moving on certain roads, in an effort to reduce the […] Read more
CP conductors vote in favour of mid-March strike action
Unionized conductors and train and yard service staff with Canadian Pacific Railway (CP) have voted in favour of strike action which could begin as early as March 16. The Teamsters Canadian Rail Conference – Conductors, Trainpersons and Yardpersons (TCRC-CTY) announced Monday that a strike vote it conducted through February went 96.7 per cent in favour […] Read more
Ag equipment firm Buhler Industries shakes up board table
Rostselmash's Babkin steps down, founder Buhler to retire
Board oversight of Winnipeg farm equipment manufacturer Buhler Industries will now include another of the company’s upper managers, as a co-owner of the company’s Russian parent firm and the company’s founder both step down. Buhler’s board announced Wednesday it has accepted the resignation of Konstantin Babkin, the president and co-owner of Russian holding company Novoe […] Read more
Engine maker Cummins says expects ‘some impact’ in Russia
Deere says will abide by sanctions
Reuters — Diesel engine maker Cummins Inc. expects “some impact” to its business in Russia and is analyzing and preparing for current and anticipated sanctions, the U.S. truck engine maker said in an e-mailed statement on Monday. Many firms have idled operations in Russia after it invaded Ukraine last week, resulting in powerful Western sanctions. […] Read more
Equipment maker Buhler distances self from Ukraine invasion
A Winnipeg farm equipment manufacturer is distancing itself from Russia’s invasion of Ukraine. Buhler Industries, which manufactures the Versatile tractor line and Farm King equipment, is majority-owned by the Russian firm Combine Factory Rostselmash. That firm purchased an 80 per cent stake in Buhler in 2007 and boosted that to 97 per cent ownership in […] 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
