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General, Markets

Ag balance sheet points to stable farm economy

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CNS Canada — Canadian farmers saw their farm equity climb almost seven per cent last year compared to the year before — and Farm Credit Canada’s principal agricultural economist said that falls in line with FCC’s analysis. Data released by Statistics Canada on Wednesday showed 2017 farm equity climbed to $535.3 billion, up $34.6 billion […] Read more
(Bayer.com)
Crops, Reuters

Bayer cuts Monsanto synergy target on divestments

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Bonn | Reuters — Bayer said positive synergy effects from the planned takeover of U.S. seeds and chemical firm Monsanto would be about US$300 million below its previous target because it will sell more businesses than initially expected to get antitrust approval. Bayer CEO Werner Baumann again threw his weight behind the deal, despite higher […] Read more
(ADM photo by Dave Bedard, Bunge photo via Bunge)
Crops, Markets, Reuters

ADM in talks to buy Bunge as early as this week

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Reuters — Top U.S. grains merchant Archer Daniels Midland could reach an agreement to buy smaller rival Bunge as early as this week, Bloomberg reported on Monday, citing unnamed sources familiar with the matter. The potential deal comes as large grain traders that make money by buying, selling, storing and shipping commodity crops have struggled […] Read more
Country Guide in 2014 profiled Milligan Biofuels, whose Foam Lake, Sask. facility is shown here with the company’s first executive manager, local farmer Zenneth Faye. (Photo for Country Guide by Carol’s Photography)
Canola, Crops, Machinery & Shop

Canola biodiesel processor in receivership

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An eastern Saskatchewan biodiesel processor using growers’ heated, green, spring-harvested, tough and otherwise off-spec canola for feedstock is in receivership. Saskatchewan Court of Queen’s Bench on Thursday appointed Calgary-based insolvency trustee Hardie and Kelly as the receiver for Milligan Biofuels, which operates at Foam Lake, about 90 km northwest of Yorkton. Alberta’s Crown lending agency […] Read more
(Country Guide file photo)
General, Markets

Ag sector equity rises in 2016

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CNS Canada –– Agriculture sector equity rose slightly in 2016, according to a Statistics Canada balance sheet on the industry. Farm sector equity totaled $500.3 billion for the year ending Dec. 31. That’s a 4.5 per cent increase, or $21.6 billion, from the same period a year ago, according to the report released Wednesday. Farm […] Read more
Debtors must be aware of the options available to lenders in case of default or demand, Alberta Agriculture warns.
News

Read before signing the loan agreement, says expert

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Reading Time: < 1 minute Agriculture is a capital-intensive business, and farmers often enter into financial agreements with lenders with the assets purchased with the loan used as security. “Unfortunately, farm business managers can fall into a pattern of simply signing documents, and not reviewing all the conditions thoroughly,” said Rick Dehod, agriculture farm financial specialist with Alberta Agriculture and […] Read more

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