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
Bunge raises outlook as agribusiness profits beat Wall Street estimates
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
The all-too-common pitfall of successful businesses
Growth brings rewards but also stretches the founder — especially if he or she hasn’t developed their team
Reading Time: 3 minutes What does success look like to you? For many, success is measured in terms of net profit, wealth or an accumulation of assets. For others, it is the ability to put children through school, travel or to own a cabin. However measured, success is often tied to money and people. In my Nuffield travels and […] Read more
Are you prepared to deal with tougher times on your farm?
Know your current ratio, honestly estimate your gross revenue, and be ready to talk to your lender, says adviser
Reading Time: 3 minutes Managing your financial risk is a little like skinny-dipping — you’ve got to protect your assets, and that’s hard to do when you’re not covered. “When the tide goes out, everybody can see who’s swimming naked,” said MNP agricultural tax specialist Rob Strilchuk (quoting Warren Buffett). “We had a lot of good years, but when […] Read more
New dairy-processing plant to be built in Alberta
Reading Time: < 1 minute The Western Milk Pool, which represents dairy producers in Western Canada, will build a new dairy concentration facility. Construction of the Dairy Innovation West plant will begin in April and is expected to be completed by March 2021. The facility will be located near Lacombe and Red Deer. The state-of-the-art facility, the first of its […] Read more
Free business analysis for dairy producers
Reading Time: < 1 minute Enrolment is now open for the Dairy Cost Study, which offers free business analysis for participating Alberta dairy farmers. Participants provide farm information over the course of a year, which is then compiled to create a business analysis on the cost and returns of producing milk at their farm. Individual data is kept confidential but […] Read more
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