Reuters — Canadian Pacific Railway (CP) agreed on Sunday to acquire Kansas City Southern in a US$25 billion cash-and-stock deal to create the first railway spanning the United States, Mexico and Canada, standing to benefit from a pickup in trade. It would be the largest ever combination of North American railways by transaction value. It […] Read more
Canadian Pacific to buy Kansas City Southern in bet on trade
Biggest North American rail deal ever valued at US$25 billion
Giving credit where it’s due: New front opens in carbon tax debate
Farmers could benefit greatly from a carbon trading market but the devil will be in the details
Reading Time: 3 minutes A new front has opened up in the carbon tax debate: What sort of reward will farmers get for their stewardship efforts? On March 6, the federal Environment Department — now named Environment and Climate Change Canada — issued a draft of the regulatory framework for its new carbon offset market. This sets the stage […] Read more
Cargill buying further into Saskatchewan ag retail
Company to take up other half of Precision Ag
Cargill plans to expand its crop retail reach further into southeastern Saskatchewan by buying up the remaining half of one of its joint ventures in the region. The Canadian arm of the U.S. agrifood firm said Thursday it will buy up crop input retailer Precision Ag for an undisclosed sum, taking up the 50 per […] Read more
Up, up, up — farmland prices take another big jump
Strong canola and grain prices along with low interest rates fuel six per cent rise
Reading Time: 5 minutes It’s another good news story — especially if you’re selling farmland. Despite the disruptions caused by the pandemic, Alberta’s farm economy was robust enough to fuel a six per cent jump in land prices last year. That’s the highest price rise between Quebec and B.C., and above the national average, according to the latest land […] Read more
Yes or no now on AgriStability changes, ag minister says
Farm and commodity groups line up to press provinces for decision
Ottawa’s proposals for changes to the AgriStability farm income stabilization program require a yes or no answer from participating provinces, not more discussion, the federal ag minister said Wednesday. “It has been just over 110 days since we made the offer to the provinces to improve AgriStability,” Agriculture Minister Marie-Claude Bibeau and Winnipeg MP Jim […] Read more
Baltic Dry Index tops 2,000 points
MarketsFarm — Ocean freight rates have moved steadily higher over the past month, nearing some of their highest levels of the past year. The Baltic Dry Index (BDI), a major indicator of shipping rates, has moved higher most of the past month, settling above 2,000 points for the first time in five months on Tuesday, […] Read more
Richardson to upgrade western Manitoba elevator
High-throughput to replace wooden crib structure at Swan River
Prairie grain handler Richardson Pioneer plans to start work this spring on a new high-throughput elevator “effectively replacing” its Swan River Valley unit in northwestern Manitoba. The Winnipeg company’s current site, on Canadian National Railway (CN) track about six kilometres north of the town of Swan River, is anchored by a wooden crib workhouse and […] Read more
BAT looks beyond tobacco to Canadian marijuana
Lucky Strike cigarette maker buys into Moncton's Organigram
Reuters — British American Tobacco (BAT) said Thursday it will buy a nearly 20 per cent stake in New Brunswick-based cannabis producer Organigram for about 126 million pounds (C$221.3 million) as it seeks to expand beyond its main tobacco business. Organigram, headquartered at Moncton, grows cannabis and makes cannabis-derived products in the Canadian market, where […] Read more
U.N. counts cost of ‘man-made’ famines
US$400 for a plate of rice and beans?
New York | Reuters — Nearly 30 years ago a malnourished two-year-old girl died in front of U.S. Ambassador to the United Nations Linda Thomas-Greenfield at a refugee camp in northern Uganda. Two days ago U.N. food chief David Beasley met a starving five-month-old girl at a hospital in Yemen — she died on Thursday. […] Read more
Railways to blame for terminal shortages, WGEA says
Grain handlers take issue with MarketsFarm report
MarketsFarm — The association representing the Prairies’ main grain handling companies says recent delays in loading vessels have less to do with the availability of grain and more to do with the railways hauling it to port. The Western Grain Elevator Association (WGEA), which represents major handlers such as Viterra, Richardson, Cargill and others, raised […] Read more
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