Canada's largest agricultural co-op is receiving a $150 million injection of capital from Rabobank and three Quebec-based investment funds — an investment it says will help mitigate the effects of COVID-19. Rabobank Capital, Fonds de solidarité FTQ, Caisse de dépôt et placement du Québec (CDPQ) and Fondaction are investing $150 million in Sollio Cooperative Group... Read More
Category: Ag Business
The company responsible for a significant share of the behind-the-scenes distribution of crop inputs in Canada has decided to restructure its agriculture business across the country. Univar Solutions informed customers this week that it will sell and ship its existing inventory, and end purchasing and accepting marketing letters from suppliers for the agricultural market in... Read More
Established by a U.S.-based startup, Agro.Club is expanding on its success in the Black Sea region with the introduction of Agro.Club Canada. Agro.Club describes its offering as an "online ecosystem" for Canadian agriculture companies to use for buying and selling products. "We want to give the whole industry a more efficient way of doing business... Read More
The longer the COVID-19 pandemic goes on, the more permanent some of the changes to modern society and social norms become. While the work on the farm level has changed little, agriculture businesses — like many others — have moved away from office settings to working from home and have kiboshed most travel. What's more,... Read More
Farmers Business Network (FBN) has announced a change to its business model: it is dropping its $700 annual membership fee as of September 15 in an effort to expand its customer base. Farmers who had already paid for membership this year will receive credit for future purchases of products or services. FBN entered the Canadian... Read More
BASF is planning to introduce a new higher-concentrated glufosinate ammonium herbicide to the North American market after announcing the acquisition of the proprietary rights for the technology from AgriMetis. Glufosinate ammonium is the active ingredient in Liberty herbicide, which is commonly used on Liberty-tolerant crops, including canola and soybeans. The proprietary Glu-L technology developed by... Read More
Bunge Limited is investing C$30 million in a plant-based protein production facility that's under construction in Winnipeg, Manitoba. The multinational agribusiness is acquiring a minority stake in Merit Functional Foods, which is slated to begin producing novel pea and canola protein ingredients for human consumption at its new plant by December of this year. “We’re... Read More
Glencore is uniting all of its agriculture operations around the world under the name of its Canadian-based grain business. Glencore Agriculture will be known as Viterra as of later this year, says CEO David Mattiske. “Viterra is a globally recognized brand within the business. It also has a deep connection to agriculture, with Viterra meaning... Read More
The eligibility declaration you'll sign at the elevator this crop year will look a lot like declarations you've signed before, but there are some very important differences you need to be aware of. Team Alberta, the communications collaboration between Alberta's major commodity groups, is working hard to make sure farmers fully understand the changes made... Read More
Input Capital — the publicly-traded company based in Saskatchewan that offers canola growers "streaming" financing — has reached a deal to be acquired by Bridgeway National, a publicly-traded holding company headquartered in Washington, DC. Input says the agreement will see shareholders receive cash consideration of $1.75 per share, representing an aggregate value of approximately $97.5... Read More