Langham, Sask. — Living up to its name, Glacier FarmMedia’s Ag in Motion has reached its five-year anniversary with no sign of slowing down. “It’s very exciting for me personally to have a show that the group of us started from a canola field into an event that’s now grown to the size that it […] Read more
‘Show’ and ‘grow’ synonymous for Ag in Motion
B.C. longshoremen vote in favour of strike
MarketsFarm — Longshore workers at the Port of Vancouver have voted overwhelmingly in favour of a strike. Members of the International Longshore and Warehouse Union (ILWU) voted 98.4 per cent in favour of strike action against the member companies of the B.C. Maritime Employers Association (BCMEA), the union said Friday. In a letter to union […] Read more
Railways book higher grain freight revenue for Q1
Canada’s big two railways reported somewhat higher revenue from handling grain during their fiscal quarter ending March 31, despite both companies reporting winter weather woes. Canadian Pacific Railway (CP) on April 23 reported grain segment revenue of $380 million for the quarter, up six per cent from the year-earlier period, on about 92,800 grain carloads, […] Read more
Prairie grain freight cost index adjusted upward
Corrected, May 6, 2019 and Jan. 7, 2021 — Canada’s big two railways can expect a small raise in the amount of revenue they get to keep from hauling Prairie grain in the coming crop year. The Canadian Transportation Agency (CTA) on Tuesday announced it will set the volume-related composite price index (VRCPI) at 1.4371 […] Read more
Climate change has U.S. fund managers adjusting agriculture investments
New York | Reuters — After historic floods devastated Midwestern agricultural states this spring, some fund managers are evaluating how climate change will affect the long-term value of companies that make or sell products ranging from tractors to fertilizer. The issue is not simply the unpredictability of weather. Instead, fund managers say, they are struggling […] Read more
USMCA deal modestly boosts U.S. economy, trade panel finds
Washington | Reuters — The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S. International Trade Commission showed on Thursday. The ITC report is a crucial step in the push […] Read more
Regulator rips CN’s use of freight embargoes at West Coast
Canadian National Railway has been found in breach of its service obligations on grain and other traffic by a federal regulator aiming to crack down on the company’s use of freight embargoes. The Canadian Transportation Agency on Monday released its determination on “possible freight rail service issues in the Vancouver area” last fall. The regulator […] Read more
Rising diesel prices coming
MarketsFarm — Higher diesel prices are on the horizon for Canada and the U.S. in 2019. GasBuddy.com senior petroleum analyst Dan McTeague pointed to an increase in overall demand, combined with a slowdown in heavy oil production and the federal carbon tax as well as pending IMO 2020 regulations — that is, the International Marine […] Read more
Farm groups see something for everyone in federal budget
Response so far from farm and agribusiness organizations to Tuesday’s pre-election budget suggests the federal government has managed to find at least one line item for everyone in the ag sector. Finance Minister Bill Morneau’s budget pledges compensation for supply-managed sectors facing financial hits from international trade pacts, funding for a new federal food policy […] Read more
Buhler to build bigger Kubota tractors in Winnipeg
Kubota’s highest-horsepower tractors yet for the North American farm market are going to be made in Canada. Winnipeg manufacturer Buhler Industries, the maker of Versatile tractors, on Thursday announced a “long-term” original equipment manufacturer (OEM) deal with Japan’s Kubota Corp. to “develop and produce a new tractor platform in the mid-range front-wheel assist segment.” For […] Read more
