GFM Network News


Morris’ Quantum Air Drill had its first public appearance at Canada’s Farm Progress Show and its formal launch at Ag in Motion in 2018. (Grainews photo by Scott Garvey)

Court approves Morris Industries’ sale to Rite Way

Yorkton plant, not included in deal, to close

Seeding equipment manufacturer Morris Industries has been approved for sale to another Saskatchewan manufacturer — minus its Yorkton manufacturing plant, which is not part of the sale and is now expected to close by year’s end. Judge Shawn Smith of Court of Queen’s Bench in Saskatoon on Friday approved the sale of Morris to a […] Read more

Morris’ Quantum Air Drill had its first public appearance at Canada’s Farm Progress Show and its formal launch at Ag in Motion in 2018. (Grainews photo by Scott Garvey)

Court approval sought for Morris Industries sale

Rite Way deal the 'highest and best offer received'

The court overseeing creditor protection for seeding equipment maker Morris Industries is being asked to approve a deal for the company’s sale to another Saskatchewan manufacturer. Calgary consultancy Alvarez and Marsal, the court-appointed monitor for Morris, said Tuesday in its latest report to Court of Queen’s Bench in Saskatoon it recommends approval of a sale […] Read more



Chickpeas. (CalypsoArt/iStock/Getty Images)

Some Canadian Exotic Grains customers compensated

CNS Canada — A few producers who did not receive payment from Canadian Exotic Grains Ltd. have been compensated through the Canadian Grain Commission’s Safeguards for Grain Farmers Program, the commission said Tuesday. Canadian Exotic Grain’s grain dealer license was revoked April 26 after the company was unable to pay producers. On June 4, Saskatchewan […] Read more


(Thinkstock photo)

Farm bankruptcies down, but not out – just different

Winnipeg | CNS Canada – Fewer farms means fewer bankruptcies but with that simple equation comes the realization that the size and tone of those bankruptcies in North America is growing. “They are larger, the amount of debt is greater, the fact that we’re not seeing a higher number doesn’t mean there isn’t considerable distress […] Read more

(Hanjin.com)

Pulses stranded at sea as shipping company flounders

CNS Canada — The bankruptcy of a major Korean shipping company has raised some concerns for Canadian pulse crops moving by container, but any disruptions to movement will likely be minor, according to an industry analyst. Hanjin Shipping Co., the world’s seventh-largest container shipping company, declared bankruptcy on Aug. 31, leaving more than half of […] Read more


Debtors must be aware of the options available to lenders in case of default or demand, Alberta Agriculture warns.

Read before signing the loan agreement, says expert

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