Morris ownership focuses on western Canadian roots

Morris Industries Ltd. has a new chief executive officer and a new majority shareholder. The Saskatoon-based farm implement manufacturer announced Sept. 5 that Ben Voss will take over as the company’s top executive, replacing former CEO and majority shareholder Casey Davis. Voss and Davis made a joint decision to transition majority ownership to a group […] Read more

AGfinance Notes

U.S. biofuel plan disappoints WASHINGTON/NEW YORK (Reuters) — U.S. regulators have proposed a modest increase in the amount of corn-based ethanol and biofuel that American fuel producers must mix into diesel and gasoline next year. The move disappointed agricultural and oil lobbies. In unveiling the latest stage in its controversial biofuel program, the Environmental Protection […] Read more

Lentil prices debated at Global Pulse Convention

The Western Producer’s Sean Pratt is reporting from the 2016 Global Pulse Convention in Cesme, Turkey. CESME, Turkey — Market outlooks for green lentils, red lentils and beans were the highlights of day two of the 2016 Global Pulse Convention Gerald Donkersgoed, vice-president of Ilta Grain, said Canada is pretty much sold out of green […] Read more

Bayer bids for Monsanto

NEW YORK/FRANKFURT, May 19 (Reuters) – German drug and chemical group Bayer has made an unsolicited takeover proposal to U.S. seed company Monsanto, aiming to create the world’s biggest agricultural supplier and take advantage of converging pesticides and seed markets. Monsanto disclosed the approach on Wednesday before Bayer confirmed its move, though neither released proposed […] Read more

Alberta Ag budget cut; gas prices to rise

Albertans were warned to expect a big red deficit number in the April 14 provincial budget. That number is $10.4 billion in 2016-17, the largest in Alberta history. Finance minister Joe Ceci gave the details on the deficit, revenue and financial plans in the legislature this afternoon, calling the NDP government’s first budget “the Alberta […] Read more

Return on investment for farms about more than numbers

Everyone wants the best possible return on their investments. To achieve that, we first need to determine what the actual investment is that we want a return on. Next, we need to define the return we want and determine how we’re going to measure it. For a business, this is straight forward. Take the profit […] Read more

New rules, new tax pitfalls on selling grain in the U.S.

This is part one of a five-part series on avoiding unnecessary U.S. taxes. The United States has be-come an attractive outlet for direct grain sales by many Canadian producers since the dissolution of the Canadian Wheat Board’s single desk trading monopoly. U.S.-based grain traders are soliciting new business in Canada, and some are also investing […] Read more

U.S. asks for arbitration on COOL damages

The United States has decided to ask the world trade organization for arbitration over the amount of damages Canada claims has been caused by mandatory country or origin labelling. Canada asked the WTO to impose retaliatory tariffs of more than $3 billion annually on key U.S. exports due to damages caused by COOL. “Canada is […] Read more