GFM Network News

(Dave Bedard photo)

Bunge reportedly ready to replace CEO

Reuters — Bunge Ltd. is preparing to replace its CEO Soren Schroder as the global grains trader faces investor pressure, the Wall Street Journal reported on Friday, citing sources. The company is expected to announce the CEO’s departure in the coming days, the report said, citing people familiar with the matter. The grains trader was […] Read more

U.S. President Donald Trump addresses a meeting of the National Space Council in the East Room of the White House in Washington on June 18. (Photo: Reuters/Leah Millis)

Trump’s tariff war threatens to erode support of farmers

Chicago | Reuters — President Donald Trump’s tariff battle with key buyers of U.S. apples, soybeans and corn threatens the support of some of his biggest backers — U.S. farmers now seeing their livelihoods in jeopardy. Farmers overwhelmingly supported Trump in the 2016 election, welcoming how he championed rural economies and vowed to repeal estate […] Read more

(Dave Bedard photo)

Fertilizer prices look to rise by late summer

CNS Canada — A rise in prices for soybeans and other crops could make fertilizer more expensive in the coming months, according to a major player in the industry. In the May market report from the Mosaic Co., the company credited the rally in agricultural commodity prices, the strengthening of key currencies and various Indian […] Read more

Farm business experts are always saying, ‘Know your cost of production.’ But this year, ignoring that advice could quickly get you into the red.

Margins are tight — will you be able to squeeze out a profit this year?

Management specialist Dean Dyck says have a break-even budget, 
buy inputs early, and forget about machinery purchases

Reading Time: 3 minutes The weak Canadian dollar and a drop in prices are going to make it tough for crop producers to make a profit this year. Tough, but not impossible, says a provincial farm business management specialist. “You can make a profit this year,” said Dean Dyck. “I took a look at the four major crops in […] Read more

Green peas. (

Trends for 2016: Pulses expected to steal acres from cereals

CNS Canada — Canadian farmers are expected to seed more pulse crops at the expense of cereals in 2016, according to early projections from industry experts looking at current market trends. “Definitely we’ll see an increase in pulse crop acreage,” said Bruce Burnett, weather and crop specialist at G3 Canada. Lentils and peas are seeing […] Read more

Plowed soil in a field.

Farmers forced to accept high land rents despite low crop prices

Grain prices are way down, but it’s expected land rents will take awhile to follow suit

Reading Time: 3 minutes Crop prices have plunged, but land rents look like they’ll stay high for a while. “I know that there are guys around here who are renting land for way more than it’s worth,” said Kelly Burkhardt, a Wetaskiwin grain and cattle farmer who rents 450 of his 1,000 acres of cropland. “At the end of […] Read more

Indian women standing in front of a table full of onions.

Traders squeezed as Indian farmers turn stockpile gamblers

Access to low-interest capital allowing some farmers to wait rather than sell at lower prices immediately after harvest

Reading Time: 2 minutes Farmers such as 68-year-old Ghanshyam Gokale are quietly shaking up agricultural commodity trading in India, forcing the likes of top soybean processor Ruchi Soya to shift its business model away from futures contracts and towards the “spot” market. Gokale, and other prosperous growers like him, has stopped selling his crops immediately after harvesting. Instead, he […] Read more