Canadian National (CN) Railway has announced a competing bid to combine forces with the Kansas City Southern (KCS) railway. CN says its offer represents a 21 per cent premium over the implied value of Canadian Pacific (CP) Railway's existing agreement with KCS, which was announced in late March. The CP-KCS deal, which has already been... Read More
Category: News
Billions of dollars for childcare, COVID relief programs, and new climate initiatives headlined the federal government's first budget in more than two years, read by Deputy Prime Minister Chrystia Freeland in the House of Commons on Monday. The 739-page document outlines the Liberal government's many spending priorities as it expects to rack up an unprecedented... Read More
Protein Industries Canada (PIC) is moving to the second phase of a partnership to improve traceability and marketing opportunities of Canadian plant-based food, feed, and ingredients. The projects will create a new platform to "enhance production practices and storage and marketing decisions," combining storage technology with blockchain traceability. The $17.1 million project will be split... Read More
An executive familiar to many in Canadian agriculture has been tapped to lead Saskatchewan-based crop input and fertilizer giant Nutrien Ltd. Mayo Schmidt has been appointed president and chief executive officer of Nutrien, effective immediately, according to a statement issued by the company on April 18. Schmidt is well-known for overseeing the Saskatchewan Wheat Pool's... Read More
Cody Easterday of Mesa, Washington, recently pleaded guilty in federal court to defrauding a Tyson Foods, Inc. company out of approximately US$244 million. Easterday charged the company for the costs of buying and feeding as many as 200,000 cattle that didn't exist — a ghost-herd. Greg Henderson, editor at Drovers, says that there are other... Read More
Ag Growth International (AGI) has reached a deal to acquire all the outstanding shares of Farmobile, Inc., after buying a minority stake in the Kansas-based farm equipment data company in 2019. Financial terms of the deal have not been disclosed. Farmobile provides farms with hardware and software for real-time collection and analysis of farm machinery... Read More
The state of Colorado is similar to Alberta in many ways: beautiful vistas and mountains, and a rich history in the cattle business. Colorado also holds a significant portion of the cattle market in the U.S., much like Alberta prides itself on being Canada's beef capital. While Colorado Governor Jared Polis isn't advocating for a... Read More
Canadians generally like their steaks less well done than Americans, according to new survey results released by Abacus Data. With grilling season around the corner, the polling firm Abacus Data, which is known for its political research, asked 1,500 Canadians how they like their steak in a survey conducted in late March. The majority of... Read More
Dairy processor Agropur Cooperative says it will be closing its fluid milk plant at Winnipeg, Man., later this year, consolidating production at other Agropur facilities in Western Canada. "Unfortunately, the level of investment required to maintain the plant's competitiveness in the coming years was becoming too high. We are making this strategic decision to optimize... Read More
Conservative Party of Canada leader Erin O'Toole unveiled the party's climate plan on Thursday (April 15). The party says independent analysis, conducted by Navius Research, found the plan would be expected to achieve substantially the same emissions reductions by 2030 as the Liberal government's current plan, with the intention of creating jobs and growing the... Read More