Finance Notes

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Published: February 10, 2005

Canola alliance

Cargill and Bayer CropScience have formed an alliance to produce specialty high oleic canola from InVigor hybrids with the Liberty Link herbicide system.

The oil from the seed does not need hydrogenation and is used by food processors when there is a need to eliminate trans fat and reduce saturated fat content, the companies said in a News release

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The alliance will combine Bayer CropScience’s expertise in producing seed with Cargill Specialty Canola Oil’s patented technology for producing and using high oleic canola oil. The alliance also intends to collaborate on research to develop other oil traits, with a goal of accelerating the supply of canola varieties that produce high stability oil with improved nutritional composition.

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The new lines will complement Cargill’s existing Roundup Ready line of high oleic canola.

InVigor hybrids with these special oil profiles could be released for commercial growing in Canada and the United States as early as 2007.

“Historically, specialty trait crops haven’t achieved large-scale use due to the complexity of managing the total system from seed research through production to the end user,” said Cargill corporate vice-president Scott Portnoy.

“Bayer and Cargill working together can build a system capable of delivering special characteristics in the volumes necessary for today’s marketplace.”

Machinery lobby

The Association of Equipment Manufacturers has opened an office in Ottawa.

The goal is to further raise the profile of the industry in public policy issues and to assist companies doing business in or with Canada, the organization said in a News release

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AEM represents manufacturers of construction, agricultural, forestry, mining and utility equipment, as well as industry service providers.

AEM Canada’s Ottawa office will focus on government affairs while other association programs, such as statistics, technical and safety services, education and training programs, and workforce development, will be co-ordinated out of AEM’s Milwaukee, Wisconsin headquarters.

About the author

Michael Raine

Managing Editor, Saskatoon newsroom

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