The Office of the Parliamentary Budget Officer has released a preliminary review of the federal government's five superclusters, originally rolled out in 2018. The premise of the supercluster program was set out in the 2017 federal budget, where $918 million of government funds would be doled out over five years for five innovation clusters. The... Read More
Category: News
Syngenta announced the acquisition of Valagro, an Italian biological crop input company, on Tuesday. The deal will boost Syngenta's presence in the growing biologicals market, which some have predicted could nearly double in size over the next five years. "We are looking forward to welcoming the Valagro team to Syngenta Group," says Erik Fyrwald, CEO... Read More
Federated Co-operatives Limited (FCL) has officially opened its $42.8 million fertilizer terminal located near Grassy Lake, Alta. Construction on the facility was announced in February of 2019, and the terminal began receiving product in June of this year. The new terminal warehouses, blends, and distributes a full suite of crop nutrition products including liquid micronutrients... Read More
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
The Agricultural Financial Services Corporation (AFSC) board of directors has announced that Darryl Kay will sit as the new chief executive officer, effective immediately. Previously, Kay held the role of chief financial and innovation officer and has been with AFSC for almost 10 years. He also served as interim CEO in 2017 — during which... Read More
The federal government has opened applications for the Emergency On-Farm Support Fund, a $35 million fund to cover the added cost of personal protective equipment, updates to worker housing, and sanitization stations, as examples. The fund was originally announced in late July as part of a $58.6 million commitment by the government. Money can be... Read More
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
A Guelph-based company has launched Farm Health Guardian, a real-time disease mitigation technology platform for pork and poultry producers. Brought to market by Be Seen Be Safe Ltd., the system accurately and quickly tracks and shuts down disease spread within minutes of the first report of disease symptoms, the company says. The Farm Health Guardian... Read More
Ontario's provincial government, along with the federal government, has announced funding for several projects that will support labour and training needs in the farming sector. This includes $180,000 towards the development of a new college program that will provide education and training in the latest agricultural equipment. "Helping to meet the labour and training needs... Read More
Kainai Forage — the forage export business owned by the Blood Tribe in Alberta and Indigena Capital — has announced it has secured a $15 million long-term finance facility with Farm Credit Canada, and an operating line of credit with Bank of Montreal. The company says proceeds from the credit facilities will expand Kainai Forage's... Read More