Reading Time: 4 minutes When you sit down across a desk from your equipment dealer, you’re out to get the best deal you can — and your dealer is out to make a profit. So how can you keep more jingle in your own jeans? “It doesn’t matter if you pay cash, you finance it, or you lease it,” […] Read more
Cash is your best bet when buying machinery
If you're going to 'run the hell out of your equipment,' lease it
Manitoba pulls less-loved ag tax credits in budget
More funding for agriculture innovation in Manitoba’s latest provincial budget will be offset in part by an immediate end for several of the less popular tax credits available for farm use. Provincial Finance Minister Cameron Friesen on Tuesday laid out a 2017-18 budget with an overall $840 million deficit, based on a four per cent […] Read more
Brandt buys Saskatoon power generating equipment plant
Tractor and equipment manufacturer Brandt expects to double its manufacturing footprint — and expand into new equipment lines — after closing a deal for a major Saskatchewan plant site specializing in power generation machinery. The Regina-based company on Friday announced it had closed its deal to buy the former Mitsubishi Hitachi Power Systems Canada facility […] Read more
Talks wrap on new Canadian internal trade deal
Farm groups across Canada expect a new interprovincial trade agreement to clear paths for more trade in Canadian-grown agrifood and other farmed products within the country, reducing the need for imports. Federal, provincial and territorial ministers on Friday announced they’ve concluded talks on a new Canadian Free Trade Agreement (CFTA), which on July 1 will […] Read more
Jaylor to buy U.S. TMR mixer manufacturer
Southern Ontario feed mixer manufacturer Jaylor plans to expand its total mixed ration (TMR) product lineup by buying a U.S. competitor. Jaylor, based at Orton, Ont., about 30 km north of Guelph, announced Wednesday it has bought a controlling stake in Colorado manufacturer MMI International, previously known as Mohrlang Manufacturing, for an undisclosed sum. “For […] Read more
Wireless providers ordered to set up alert system
Canada’s wireless providers have until April 2018 to set up wireless public alerting systems on LTE networks. The Canadian Radio-television and Telecommunications Commission (CRTC) on Thursday issued a directive to that effect to all wireless service providers. The alert system would allow emergency management officials to warn Canadians via mobile devices of “dangers to life […] Read more
Grain equipment firm AGI buys into dryer market
The Winnipeg parent firm for grain bin, auger and conveyor brands such as Westeel, Twister, Westfield, Wheatheart and Batco has bought its way into the grain dryer and stationary grain handling businesses. Ag Growth International (AGI) announced Tuesday it has bought up all shares in a Nebraska-based competitor, Global Industries, for US$100 million — a […] Read more
Ford recalls F-250s that could roll while in park
New York | Reuters — Ford Motor Co. is recalling about 52,600 F-250 pickup trucks sold in the U.S. and Canada because the vehicles could roll after the driver moves the automatic transmission lever into park position, the company said on Saturday. The recall, the third announced by Ford this week, affects 2017 model year […] Read more
Baltic Dry Index hits two-year highs
CNS Canada — Ocean freight rates are trending higher, with the Baltic Dry Index (BDI) hitting its highest level of the past two years on Tuesday. The BDI, compiled daily by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials by sea, including grain. It was quoted Tuesday at […] Read more
Ontario greenhouse growers get competitiveness fund
The Ontario government is putting $19 million into a new initiative to support the competitiveness of the greenhouse sector in the province. Provincial Agriculture Minister Jeff Leal announced the funding on Thursday at Link Greenhouse near Bowmanville, just east of Oshawa. The Greenhouse Competitiveness and Innovation Initiative aims to provide funding for the creation of […] Read more
