Frankfurt | Reuters – Agriculture and pharmaceuticals company Bayer BAYGn.DE on Thursday lifted its 2022 earnings guidance on strong demand from farmers for its seeds and crop chemicals and higher sales of consumer health products. Bayer is now targeting earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special items, of about 13 billion […] Read more
Bayer’s agriculture unit, consumer health drive outlook hike
Seed growers join forces
Reading Time: < 1 minute The organization representing Alberta’s seed growers has amalgamated with its smaller B.C. counterpart to form the Alberta-British Columbia Seed Growers (ABCSG). All but a couple dozen of the new association’s nearly 720 members farm in Alberta, so joining forces will “ensure that seed growers in British Columbia have the same level of recognition and promotion […] Read more
Russian strikes kill Ukrainian grain tycoon; drone hits Russian naval base
Kyiv | Reuters – Russian missiles pounded the southern Ukrainian port city of Mykolaiv on Sunday, killing the owner of a major grain exporter, while a drone strike on Russia’s Black Sea naval base in Sevastopol was launched from within the city in a “terrorist attack,” a Russian lawmaker said. Oleksiy Vadatursky, founder and owner […] Read more
Philippines’ Marcos lays out ambitious policy agenda with farm sector in focus
Manila | Reuters – Philippine President Ferdinand Marcos Jr on Monday outlined ambitious plans for his six-year term in office that focus on fiscal management, infrastructure upgrades and turning the long-neglected farm sector into an engine of growth. The Philippines is beset with numerous challenges, from soaring prices, food shortages, poverty and inequities in education, but Marcos, the […] Read more
On paper, farmers are richer than last year
Reading Time: < 1 minute The value of farm assets rose 10 per cent last year and now tops $627 billion, says Statistics Canada. Most of the farm equity is in land and its collective value reached $577 billion, up 11 per cent, but the growth in wealth was not evenly distributed. Farm equity in Ontario was up nearly 20 […] Read more
Cash advance change could put $5,000 in your pocket
Government is raising the interest-free portion to $250,000, saving farmers an estimated $61 million
Reading Time: 2 minutes Canadian farmers with cash advances will save $61 million in interest charges over the next two years after Ottawa boosted the interest-free portion of the Advance Payments Program. Producers can borrow up to $1 million against the expected value of their commodities in a program year, with the first $100,000 interest-free and the rest at […] Read more
La Niña wants to stick around
Reading Time: < 1 minute There’s “a high probability” that La Niña will last until August and possibly until the start of next winter (or later), says the World Meteorological Organization. If so, it would be the third “triple-dip La Niña” — three consecutive winters of La Niña conditions in the Northern Hemisphere — since 1950, the agency said. The […] Read more
Brandt to build trailers at new Saskatchewan plant
Equipment maker aims to free up space in Regina
Ag and industrial equipment manufacturer Brandt plans to start making its lines of utility trailers at factory space it owns in Moose Jaw, Sask., freeing up its factory floors in Regina to expand other product lines. The Brandt Group of Companies announced Tuesday it expects to start production of its trailer lines late this summer […] Read more
Sask farmers, ranchers get cash for water management
Saskatchewan farmers and ranchers have $700,000 flowing their way from the Water Security Agency (WSA), in an effort to improve responsible agricultural management projects such as watersheds. The pilot program is being labeled as the Agricultural Water Management Fund. “Effective water management may be one of the most important factors driving Saskatchewan’s growth in the […] Read more
Indigo Ag to roll out first tranche of farm soil carbon credits
Chicago | Reuters – U.S. farm technology firm Indigo Agriculture on Wednesday said its carbon farming program has produced 20,000 tonnes in soil carbon credits that it will sell as emissions offsets to buyers including JPMorgan Chase JPM.N, Barclays BARC.L and The North Face. They are the first agricultural soil carbon credits to be verified […] Read more
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