The company formed by Bunge and a Saudi investment fund to purchase the former Canadian Wheat Board has completed construction of another two grain elevators started by the CWB. G3 Canada held a grand opening for its elevator at Pasqua, Saskatchewan and also announced the opening of its terminal at Glenlea, Manitoba on Thursday. "This... Read More
Category: Ag Business
Glencore has announced a deal to sell an additional 9.99 percent stake in its agriculture business, which include Regina-based grain company Viterra, to the British Columbia Investment Management Corporation (BCIMC). The transaction is worth US$624.9 million and comes on the heels of Glencore's agreement to sell a 40 percent stake in its ag business to... Read More
A new ‘Stop at Subway for Ontario Grown’ program will see local tomatoes, cucumbers, onions and peppers featured at the restaurant chain’s 1,300 Ontario locations during the 2016 harvest season. The announcement comes in the midst of Ontario’s Local Food Week, with funding from the Ontario government’s three-year, $6 million Local Food Investment Fund and... Read More
Canadians like farmers. There’s no better proof than Tim Hortons’ recent efforts to sell its Farmer’s Breakfast sandwich with a commercial featuring a farmer holding a trusty pitchfork. Canada’s coffee and cultural giant doesn’t leave much to chance. The mountain of eggs, sausage, hash browns and cheese could have called Trucker's Breakfast or Banker's Breakfast,... Read More
Viterra held a grand opening for its new grain terminal near Grimshaw, in the Peace River region in northwest Alberta on Wednesday. The facility features 30,000 tonnes of grain storage and 104 railcar loading capacity. It is the company's second new build in the region in recent years, following construction of a new terminal at... Read More
Update — June 6, 2016 — After failing twice to approve a new license for glyphosate, EU member states did not support a limited 12-18 month extension of the herbicide's current license on Monday. The inability of European Union member countries to come to an agreement over glyphosate could have implications for agriculture on this... Read More
The private real estate company that co-owns the Winnipeg Jets has exercised an option to invest another $3.2 million in precision ag business Farmers Edge. Toronto-based Osmington Inc., which is owned and controlled by David Thomson, chair of Thomson Reuters, has been investing in farmland for the last four years and first invested in Farmers... Read More
Monsanto's board of directors has unanimously decided that Bayer's US$62 billion cash offer to purchase the company is "incomplete and financially inadequate." “We believe in the substantial benefits an integrated strategy could provide to growers and broader society, and we have long respected Bayer’s business,” said Hugh Grant, Monsanto Chairman and CEO, in a statement... Read More
Challenging times in the machinery market continue, as tractor sales in Canada slump. According to the Association of Equipment Manufacturers' April data, year-to-date tractor sales in Canada are down 18.6 percent from last year. 4-wheel-drive sales are down 22.1 percent, while 2-wheel-drive sales are down 18.4 percent. Combine sales in Canada are bucking the trend,... Read More
Monsanto and Bayer both confirmed late Wednesday that there's been communication between the two companies about Bayer buying Monsanto. If a deal between the two ag giants is reached, it would certainly have an impact on Canadian agriculture, particularly in the Western Canadian canola market. RealAg's Shaun Haney and Kelvin Heppner took some time on... Read More