Tag Archives Ag Finance
Onyschuk wins Premier’s Award
Developing efficient farm tackles high labour, input costs
Changing face of rural West West faces tougher fight for labour than East, U.S. Midwest due to rural depopulation
To people outside agriculture – and even to some farmers – the aggressive purchase of land and half-million dollar equipment by many farmers can seem foolhardy and reckless. But it’s a classic, reasonable, rational response to situations like the “Dutch disease” that is affecting the Prairies, according to many economic authorities. Developing hyper-efficient farms employing […] Read moreStrong profit recorded for Agribition in 2011
Financial turnaround | Profit, which stemmed from cost cutting and increased gate attendance, follows a $205,000 loss
Canadian Western Agribition showed a financial turnaround in 2011, realizing a record profit of $307,616 after a $205,000 loss the year before. The $500,000 improvement was a result of cutting expenses and significant increases in gate attendance, sales and sponsorship, said chief executive officer Marty Seymour. Gate revenue was up 20 percent for the Regina […] Read moreJapanese firm buys major U.S. grain company
Gavilon deal part of global trend | Marubeni Corp. is watching a growing demand for food in developing nations
A Japanese trading firm is the latest company attempting to secure a major stake in the rapidly consolidating global grain industry. Executives from Marubeni Corp., announced that the company has agreed to buy Gavilon Group, the third largest grain handling company in the United States, for $3.6 billion US. The proposed deal would also see […] Read moreFlax company shifts market focus
Shape Foods | New investors bring flax oil processor back from receivership
Dane Lindenberg’s job as marketing co-ordinator for Shape Foods is relatively easy, thanks to the well publicized health benefits of omega 3 fatty acids. “In the U.S. right now, there are two top health claims (for foods). Number one is fibre and number two is omega 3,” Lindenberg said at the company’s seed crushing and […] Read moreAlta. family creates musical trust memorial
‘Lasting legacy’ Thaddeus Lake Music Foundation established as tribute to deceased son
A family from Leduc, Alta., has found a way for their son’s love of music to live on after his death. Just before a drunk driver killed Thaddeus Lake in November, he told his family he wanted to establish a foundation to help young musicians pursue their dreams. When he died, his parents established the […] Read moreCommittee shows divisions
Food policy | Focus shifting away from business risk management
A House of Commons agriculture committee report on the future of national food policy shows a deep political divide in the current Parliament over the direction of government policy. The Conservative majority on the committee recommends changes in the next five-year Growing Forward 2 federal-provincial framework to take effect April 1, 2013, but generally sees […] Read moreNew options coming for GT canola
CFIA tackles reforms
Historic in scope A key goal is to make sure companies have systems in place to ensure safe food
QUEBEC CITY — The federal Conservative government and the Canadian Food Inspection Agency are launching the most far-reaching food inspection reform initiative in the agency’s 15-year history. “I would say the stars have aligned to allow historic change,” CFIA president George Da Pont said May 31 in a speech at the Canadian Meat Council annual […] Read moreAg officials make call for new rail service plans
Strike costly | Labour disruption at Canadian Pacific Railway contributes to inefficient system, says KAP president
A recent strike by 4,800 workers at Canada’s second largest railway has some farm groups demanding a more permanent solution to rail service issues. Doug Chorney, president of Keystone Agricultural Producers, said a week-long labour disruption at Canadian Pacific Railway and Ottawa’s decision to pass back-to-work legislation illustrates that reliable, efficient rail service is critical. […] Read more