Frankfurt | Reuters – Agriculture and pharmaceuticals company Bayer BAYGn.DE on Thursday lifted its 2022 earnings guidance on strong demand from farmers for its seeds and crop chemicals and higher sales of consumer health products. Bayer is now targeting earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special items, of about 13 billion […] Read more
Bayer’s agriculture unit, consumer health drive outlook hike
Mosaic sees fertilizer demand supported by tight crop supplies into 2023
Reuters – Mosaic Co MOS.N said on Monday it expects tight grain and oilseed markets into 2023, encouraging the continued use of fertilizers despite their surging costs. “The war in Ukraine, high temperatures in North America and Europe, and developing drought conditions in parts of South America highlight the risk for reduced yields globally,” Mosaic said. […] Read more
CNH Industrial beats profit estimates, confirms outlook despite recession fears
Milan | Reuters – Agricultural and construction machine maker CNH Industrial CNHI.MI beat estimates on Friday with a 14 percent rise in industrial operating profit in the second quarter and confirmed its full year outlook despite bracing for a global recession. “Whether we face a global recession in 2023 is up for debate, but we […] Read more
Fourth pulse-processing company to set up shop in Alberta
PIP International says it has a superior way to process yellow peas that will give it a market advantage
Reading Time: 2 minutes A company that says it has licensed “a groundbreaking technological breakthrough in plant proteins” has been given $1 million in government funding towards a $20-million pea-processing pilot facility in Lethbridge. And PIP International said it plans to start construction on a $150-million processing facility towards the end of the year. In a release, the company […] Read more
Alberta poised to become hemp-processing powerhouse
Two hemp processors aim to open $70-million production plants in 2024
Reading Time: 5 minutes Alberta farmers will be growing a lot more hemp when two new proposed processing facilities open their doors in 2024. One is a $72-million hemp oil-processing operation to be built in a yet-to-be-determined location in southern Alberta while the other is a rare bird in the hemp sector — a facility that will process hemp […] Read more
ADM, Bunge expected to post strong results as Ukraine war ignites demand
Chicago | Reuters – A string of strong quarterly profits by global agribusinesses Archer-Daniels-Midland Co ADM.N and Bunge Ltd BG.N likely continued in the first quarter despite surging crop costs and global supply chain disruptions triggered by Russia’s invasion of Ukraine, analysts said ahead of earnings releases this week. Both companies capitalized on good oilseed […] Read more
Former nurse finds joy in her blossoming flower business
Reading Time: 3 minutes Emergency room nurse Sarah Schultz has hung up her scrubs — and picked up a garden apron and a trowel. “About six years ago, I happened across a flower farm on Instagram — I had never seen a dahlia before,” said Schultz, who lives on a grain operation near Strathmore with husband Jay and their […] Read more
Bowden pulse-processing plant aims to be on the cutting edge
Among its goals is to get rid of the aftertaste of pulses and find ways to up protein levels
Reading Time: 2 minutes A consortium of companies behind the province’s first major pulse fractionation plant are vowing to “take plant-based protein extraction to the next level” at the new facility being built in Bowden. And part of that is making pulse ingredients that don’t taste like pulses. “Our emphasis is on processing functionality,” said Kevin McGeough, CEO of […] Read more
The next farming frontier: an industrial park in Calgary
Indoor farm operation backed by McCain Foods will produce a million pounds of leafy greens annually
Reading Time: 2 minutes Alberta has never seen a farm like this: small but big; pesticide free but also bug free; using just a small fraction of normal water use; and with half the workers bearing titles such as “automation technician” or “data architect.” Site work is already underway for construction of a 74,000-square-foot indoor vertical farm that GoodLeaf […] Read more
Bunge raises 2021 profit outlook on higher food, renewable fuel demand
Bunge Ltd reported stronger-than-expected third-quarter results and raised its full-year profit outlook on Wednesday for a third time this year amid improved demand for food and renewable fuel as pandemic restrictions have eased. Although volumes in the U.S. agricultural commodities trader’s core agribusiness and its refined and specialty oils units were down, robust oilseed processing […] Read more
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