Reading Time: 3 minutes New Sarepta was long past its heyday when Will Munsey arrived in the mid-2000s, but the hobby farmer turned mead maker is hoping to bring some new life to the sleepy hamlet. “New Sarepta was a really booming little community up until the 1950s, when better roads were built and people started getting individual automobiles […] Read more
Mead maker fermenting something new for hamlet of New Sarepta
CNH Industrial guides for revenue fall up to 20 per cent
Milan | Reuters – Vehicle and equipment maker CNH Industrial posted a narrower-than-expected second quarter loss on Thursday and forecast net sales from industrial activities would fall between 15-20 percent this year, as a consequence of the COIVD-19 epidemic. In March the group, which is controlled by Exor, the holding company of Italy’s Agnelli family, […] Read more
JBS invests $19-million in safety measures amid COVID-19 pandemic
Sao Paulo | Reuters –Brazilian food processor JBS SA has invested more than 100 million reais ($19.3 million) in health, safety and contingency measures at all its Brazilian production units, according to a Wednesday company statement that comes as the novel coronavirus continues to ravage local meat plants. The company said the funds were invested […] Read more
BASF says dividends, asset values under review as pandemic bites
Frankfurt | Reuters – Germany’s BASF said on Wednesday its dividend policy and the value of assets on its balance sheet might be revised given uncertainty caused by the coronavirus crisis, particularly in North America and Europe. The policy of the world’s largest chemicals and plastics maker by sales to increase dividends each year and […] Read more
Bunge raises outlook as agribusiness profits beat Wall Street estimates
Reuters – Agricultural commodities trader Bunge Ltd on Wednesday raised its full-year outlook after its second-quarter profit handily beat Wall Street estimates, sending shares up more than 5 percent in premarket trading. Despite a worsening coronavirus pandemic that has rattled global markets, strong soy processing margins in South America, Europe and Asia and accelerated crop […] Read more
A whopper of a different sort?
Burger King unveils splashy new campaign built around lemongrass, and not much science, says expert
Reading Time: 2 minutes The yodelling young cowboy is pretty good, but don’t take it for gospel when Burger King’s newest pitchman warbles that “the scientists have proven that it works.” The American burger chain recently launched (in a few U.S. cities) the Reduced Methane Emissions Beef Whopper. Burger King says it “teamed up” with “top-level” scientists from the […] Read more
Exhibition Park gets provincial funding for redevelopment
Province is putting nearly $28 million into ‘an agri-food hub’ in Lethbridge facility
Reading Time: 2 minutes As part of its economic recovery plan, the Alberta government will put $27.8 million into “an agri-food hub” at Exhibition Park in Lethbridge. The agri-food hub is part of the centre’s larger redevelopment project, and “will serve as an anchor for growth of Alberta’s value-added food sector,” the government said. “This project will bring a […] Read more
Feds proposing to expand wage subsidy program
Ottawa | Reuters — The Canadian government wants to expand an emergency wage subsidy program so that all businesses suffering losses from the COVID-19 outbreak will benefit, Finance Minister Bill Morneau said on Friday. Morneau told a news conference that Ottawa would drop an earlier requirement stipulating that businesses needed to show a 30 per […] Read more
Retail proves a lifeline for Alberta cheese-making family
The pandemic has been a boon for local food — something they know well at Crystal Springs Cheese
Reading Time: 3 minutes Retail wasn’t in the plans when Evert and Jannie Beyer went into the cheese-making business. But when the pandemic struck, it proved to be a lifeline. The couple emigrated from the Netherlands in 1994 and began milking cows in 2000. They took over Crystal Springs Cheese in 2005, moving the business from Bluffton to a […] Read more
Agriculture can lead Alberta out of pandemic woes, say leaders
Blue ribbon panel offers six-point action plan to make sector a driver of provincial growth
Reading Time: 3 minutes Agriculture could be a driver of growth in Alberta and offers “mountains of opportunities for growth, investment and jobs,” says a report from a high-profile panel of ag sector players. The panel was one part of a wider group of experts and business leaders asked by Premier Jason Kenney to make recommendations on how to […] Read more
Cyber-Savvy Farmer
