CNS Canada — The bearish malaise that has gripped the North American agricultural market shows no sign of breaking soon, and it could take a major disruption, say such as a hike in oil prices, to lead the way higher, according to some industry watchers. “Let’s say we go to US$55 (per barrel). That would […] Read more
OPEC announcement could boost ag markets, maybe
Ottawa to back new tractor plant in Quebec
A federal fund to help communities diversify from the asbestos business will help finance a major tractor manufacturer’s first facilities in Canada. Navdeep Bains, the minister responsible for Canada Economic Development for Quebec Regions (CED), on Tuesday announced a “repayable contribution” of $350,000 for Mahindra Canada-Est to put up a 22,000-square foot industrial building at Adstock, […] Read more
Deere dealer chain Cervus to seek real estate buyer
Prairie farm machinery dealer chain Cervus Equipment Corp. plans to sell about 10 properties where it now operates dealerships and become their long-term tenant. The publicly-traded Calgary company, which operates 72 farm and industrial equipment dealerships in Canada, Australia and New Zealand, said Tuesday it plans to seek out a sale-and-leaseback deal for about 10 […] Read more
Ontario to scale back renewable energy purchases
Toronto | Reuters –– Ontario will scale back its purchase of renewable power in a move expected to result in savings of up to $3.8 billion from a 2013 forecast, the provincial government said on Tuesday. It’s not clear consumers will benefit directly, though the province’s Energy Minister Glenn Thibeault told a news conference a […] Read more
Growmark buys up Ontario farm fuel firm UPI
U.S. farm co-operative Growmark is set to boost its space in the Ontario farm supply market with a deal for the half of fuel supplier UPI Energy it doesn’t already own. Growmark on Monday announced it would buy the remaining 50 per cent stake in Guelph-based UPI from Suncor Energy for an undisclosed sum. UPI […] Read more
Sources say GM to use Oshawa plant to expand pickup output
Toronto | Reuters — General Motors will use its Oshawa, Ont. assembly plant to expand production of pickup trucks for the North American market if a tentative agreement with Canadian auto workers is ratified, sources familiar with Canadian labour negotiations said Wednesday. Oshawa’s manufacturing plant, which employs some 2,500 workers, will install component parts and […] Read more
California to limit pollutants from diesel exhaust to cow gas
Reuters — California on Monday moved to restrict air pollutants from sources as diverse as diesel trucks and cow flatulence, the latest of several efforts in the most populous U.S. state to reduce emissions leading to climate change. Under a bill signed Monday by Democratic Governor Jerry Brown, the state will cut emissions of methane […] Read more
Z Tags owner Datamars reportedly up for sale
Frankfurt | Reuters — Buyout group Columna Capital is preparing its Swiss animal tagging group Datamars for a sale in a potential deal that could be worth as much as over 300 million Swiss francs (C$404 million), two people close to the deal said. The private equity investor has asked investment advisory boutique Evercore to […] Read more
Trump biofuel proposals echo those of backer Icahn
New York | Reuters — Republican Presidential candidate Donald Trump on Thursday appeared to weigh into a debate over a controversial U.S. biofuels program with a proposal that would back the position of billionaire investor Carl Icahn, one of his wealthiest backers. In a factsheet on economic policy, the Trump campaign slammed a system of […] Read more
Farm Business Communications in online award running
The online arm of Winnipeg ag journal publisher Farm Business Communications (FBC) is representing at this fall’s Canadian Online Publishing Awards (COPAs). The COPAs, to be presented Nov. 7 in Toronto, are a juried competition to promote and support Canada’s digital publishing industry, and are operated by Mississauga-based publishing sector magazine Masthead. Finalists for the […] Read more
