GFM Network News


JBS parent pleads guilty to U.S. foreign bribery charges

New York/Rio de Janeiro | Reuters — Brazil’s J+F Investimentos, parent company of the world’s largest meatpacker, JBS, pleaded guilty to U.S. foreign bribery charges and agreed to pay US$128.25 million in criminal fines, prosecutors said on Wednesday. J+F is paying only half of the $256.5 million fines levied due to settlements made with Brazilian […] Read more

Briggs + Stratton filing for reorganization, courting buyers

Stalking-horse deal in place with private equity firm

U.S. outdoor power equipment maker Briggs + Stratton has locked in a stalking-horse buyer for its assets as it seeks a court-supervised reorganization. The Milwaukee-based company announced Monday it has a stock and asset purchase agreement in place with New York private equity firm KPS Capital Partners, best known as an investor in manufacturing companies. […] Read more


AgDealer offers online equipment financing, shipping tools

Canada’s biggest used farm equipment shopper publication has added tools to link prospective buyers to options for payment plans and shipping. AgDealer on Monday announced “major enhancement(s)” at its AgDealer.com site, where each equipment listing will include buttons linking to tools from CWB National Leasing and Trusted Dispatch. The online tools allow AgDealer.com users to […] Read more

Margarita Louis-Dreyfus seals share buyout

Paris | Reuters –– Margarita Louis-Dreyfus has completed a purchase of minority shares in agricultural commodity trader Louis Dreyfus Company, ending a long-running tussle with other family members. The buyout was completed on Jan. 25 and increased the stake of Margarita Louis-Dreyfus’ Akira trust to 96.2 per cent of Louis Dreyfus Company Holdings B.V., she […] Read more


Second farm organization offering cash advances

Reading Time: < 1 minute Producers have another option when seeking a cash advance. Beginning Sept. 1, the Alberta Wheat Commission will provide cash advances through FarmCash under the federal government’s Advance Payments Program. The federal loan guarantee program provides low-interest cash advances up to $400,000, with the first $100,000 interest free. FarmCash will offer advances on 45 commodities, including […] Read more

Up your odds of getting a loan

Reading Time: < 1 minute Alberta Agriculture is encouraging producers to make use of a three-part fact sheet on obtaining financing. Successful loan applications have many elements, said new-venture specialist Kathy Bosse. “Asking for funding is not unlike a job interview,” she said. “Be prepared to address holes or weaknesses in your plan to show you also recognize obstacles but […] Read more


Tips on securing business financing

Reading Time: < 1 minute Understanding how a lender evaluates your application can help you be successful when applying for financing. To help with this, Alberta Agriculture and Forestry has a new fact sheet entitled Get the Loan You Need. “This information will help give business owners an edge in securing the financing they need to develop their business,” said […] Read more