GFM Network News

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Livestock producers receive tax relief for 2019

Drought in Western Canada and Quebec has prompted the federal government to release an initial list of regions eligible for livestock tax deferrals. The livestock tax deferral provision allows livestock producers in prescribed drought, flood or excess moisture regions to defer a portion of their 2019 sale proceeds of breeding livestock until 2020 to help […] Read more


ADM says U.S. floods to cut into Q1 operating profit

Chicago | Reuters — Flooding and severe winter weather in the U.S. Midwest will reduce Archer Daniels Midland’s first-quarter operating profit by US$50 million to $60 million, the U.S. grains trader said on Monday. Record floods have devastated a wide swath of the farm belt across Iowa, Nebraska, South Dakota and several other states. The […] Read more

(Regis Lefebure photo courtesy ARS/USDA)

Canadian hog prices to rise by summer

CNS Canada — Cheap prices for feed and a softer Canadian dollar have helped keep Canadian hog prices aloft so far in 2017. “Right now producers are looking at $180 to $184 a pig,” said Andrew Dickson, general manger of Manitoba Pork. “Prices are looking pretty good for June, July, August.” By July, he said, […] Read more

El Nino now seen more likely to last into spring

New York | Reuters — A U.S. government weather forecaster on Thursday raised the likelihood that El Nino conditions would last into the Northern Hemisphere’s early spring to 85 per cent, boosting the probability that drought-stricken California could see increased rains. The Climate Prediction Center, a U.S. National Weather Service agency, last month forecast an […] Read more