Chicago | Reuters –– Archer Daniels Midland has filed a lawsuit against Canadian Pacific Railway over service disruptions in 2013 and 2014 at crop-processing plants in North Dakota and Minnesota, alleging they stemmed partly from cost-cutting and the Canadian railroad’s pursuit of merger partners. Chicago-based ADM, one of the world’s largest grain traders and processors, […] Read more
ADM suing CP over 2013-14 rail service disruptions
Diesel prices seen staying lower
CNS Canada –– Diesel prices in Canada are expected to stay relatively cheap this spring despite some recent strength in the crude oil market. In a normal cycle, diesel prices would usually be on the move right now, but they have been mired at their current level for the last few months, according to Tom […] Read more
Budget to boost ag research infrastructure, rural broadband
Funds to fix up Canada’s agricultural research stations and food safety labs and a new program to boost rural broadband coverage are among the nuggets for the farming sector in Tuesday’s federal budget. Overall, the Liberals’ first budget is based on $287.7 billion in revenues for 2016-17, against $291.4 billion in program expenses and $25.7 […] Read more
Six numbers in agriculture to make you stop and think
It isn’t as quiet as you might think on the home front. Yes, today’s farms seem stable, but the next evolutionary wave is gaining energy
In 2009, total Canadian net farm income was $2.8 billion. Four years later, it was $10 billion more, with Statistics Canada’s saying a $5.6-billion rise in the total value of farm-owned inventories from the year before accounted for almost all of the increase in total net income in 2013 That inventory increase came from a[...]
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Farm groups rail against revenue cap proposal
CNS Canada –– A key proposal in the recently released Canada Transportation Act review on Canada’s transport systems is getting thumbs down from several Prairie farm groups. The Agricultural Producers Association of Saskatchewan (APAS) disagrees with the report’s recommendation for a seven-year phase-out of the maximum revenue entitlement (MRE), an annual upper limit on the[...]
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VIDEO: eQuipTV: “Big Roy” 3: A tractor ahead of its time
Reading Time: < 1 minute Scott Garvey pays another visit to the Versatile plant in Winnipeg to get an update on Big Roy’s restoration and gets some history on the big eight-wheel-drive tractor from Grant Adolph, Versatile’s COO. Video editing by Greg Berg.
CP mulls litigation over opposition to Norfolk Southern deal
Reuters — Canadian Pacific Railway (CP) said Wednesday it is looking at all legal options in response to what it described as concerted efforts by certain U.S. railroads to block its proposed merger with Norfolk Southern. “It is unfortunate that CP must consider the use of litigation to ensure a level playing field and protect[...]
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Spring road bans to slow grain movement across Prairies
CNS Canada –– Spring road bans are starting to be put into place across Western Canada as temperatures warm up in the Prairie provinces. The annual restrictions set axle weight limits for vehicles moving on certain roads in an effort to reduce the damage heavier loads can cause during the spring thaw period. Grain and[...]
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Transport review urges scrapping railway grain revenue cap
Winnipeg | Reuters — Ottawa should phase out over seven years its cap on the amount of revenue railways can earn transporting grain, a study for the Canadian government recommended Thursday, a move long urged by railways and opposed by farmers and grain handlers. A review of Canadian transportation laws, aimed at modernizing the system,[...]
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Ritchie Bros. buys Mascus online equipment sites
The Canadian operators of the world’s biggest equipment auctioneer have bought worldwide online equipment listing service Mascus. Burnaby, B.C.-based Ritchie Bros. announced Friday it has bought 100 per cent of the equity in Amsterdam-based Mascus for 24 million euros (C$36.8 million), plus up to 3.4 million euros (C$5.2 million) more, pending certain performance targets being[...]
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