Some ag tech startup companies continue to get funding, but it isn’t as much or as likely as during the pandemic years. Photo: Avalon_Studio/iStock/Getty Images

Ag tech venture capital stays on sidelines

Entrepreneurs need patience, more plan to achieve profitability to unlock investment

Agriculture venture capital investment was an outlier in 2023, as it increased slightly over 2022, according to the Canadian Venture Capital Association (CVCA). However, that news belied pessimism on the state of ag tech at the recent Agri Tech Venture Forum in Toronto. The forum heard that the availability of capital for agriculture technology entrepreneurs has dried up significantly compared to the heady days of investment growth during the pandemic years.



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Activists target Ontario hog farm with ransomware

'We are dealing with adversaries whose motivation is not money'

A ransomware on a small Ontario hog business is something a cybersecurity expert says needs more attention from the agriculture industry. Instead of cash, the attackers demanded the hog business owners publicly admit to what they alleged to be livestock mistreatment. The occurrence was unique and alarming, says Ali Dehghantanha, Canada research chair in cybersecurity […] Read more

File photo of tobacco fields at Vinales in western Cuba. (Nikada/E+/Getty Images)

U.S. ag businesses want Biden to allow more investment in Cuba

Canadian investment 'significant' in Cuban business

Havana | Reuters — U.S. agribusinesses, on a trade tour in Cuba, said on Tuesday they were “losing” in their bid to boost commerce with Cuban farmers and called on the Biden administration to ease restrictions and allow them to invest in private agriculture on the island. U.S. President Joe Biden last May loosened restrictions […] Read more


File photo of Rabobank’s office building in Utrecht. (Rabobank.com)

Rabobank to offer Canadian farm-level lending

Dutch co-operative bank's Canadian arm to loan directly to farmers, starting on Prairies

Updated — A global financing firm operating at higher altitudes in Canada’s food and agrifood sector now plans to expand its business down to the farm and ranch level. The Canadian arm of Rabobank — an Amsterdam-based farmer co-operative lender, providing banking, leasing and real estate services in more than 38 countries — announced Tuesday […] Read more

(Video screengrab from CBSA-asfc.gc.ca)

U.S. extends COVID vaccine requirements for non-citizens at land borders

U.S. agribusinesses still seeking exemptions for cross-border truckers

Washington | Reuters — The United States government said Thursday it’s extending a requirement that non-U.S. citizens crossing land or ferry terminals at the U.S.-Canada and U.S.-Mexico borders must be vaccinated against the coronavirus. The requirements were first adopted in November as part of reopening the United States to land crossings by foreign tourists after […] Read more


The Andersons Grain Group’s Toledo-area elevator at Maumee, Ohio. (AndersonsGrain.com)

The Andersons to pay debt, invest in core units after rail business sale

Renewable fuels, specialty foods investments considered

Chicago | Reuters — U.S. grain handler The Andersons plans to use US$550 million from the sale of its rail leasing business to pay down debt and invest in sustainable farming and low carbon initiatives in its core grain and fertilizer units, CEO Pat Bowe told Reuters on Tuesday. Maumee, Ohio-based Andersons sold its rail […] Read more

Mayo Schmidt, shown here in Winnipeg in 2007, has been named CEO of Nutrien. (Dave Bedard file photo)

Ex-Viterra chief Schmidt named Nutrien’s new CEO

Chuck Magro stepping down for 'new opportunities'

Canadian fertilizer and ag retail giant Nutrien has tapped a familiar name in agribusiness to lead the company, as the CEO it’s had since birth steps aside. Saskatoon-based Nutrien said Monday its board has named its current chairman, Mayo Schmidt, as the company’s new CEO. Replacing Schmidt as Nutrien’s chair is Russ Girling, former CEO […] Read more