MacAulay pledged up to nearly $$1,175,841 for the Canadian Organic Trade Association (COTA) over three years via the AgriMarketing program and up to $985,985 over three years to the Prairie Organic Development Fund via the AgriCompetativeness program.
Feds fund organic development groups
Some farm dealerships back online after cyber attack
Dealers forced to turn to pen and paper after attack knocked out inventory software
Brian Osterndorff, chair of the board of the Canadian Equipment Dealers Association, and president and CEO of Robert’s Farm Equipment, a seven-store group in Ontario, said on June 26 that they had just been informed that they could use the system again.
Cyber attack frustrates farm equipment dealers
Dealers forced to use manual processes after software provider hacked
CDK provides business management software to dealers of all makes of farm equipment, so major dealers of John Deere, CNH and are working without digital systems across the country. CDK is also the leading provider of management software to automobile dealers and thousands of those dealerships are offline.
Farmers Edge disputes merits of claim made by former investors
Proposed class action suite alleges investors received misleading information prior to the company's 2021 IPO
Former investors in Manitoba-based ag tech firm Farmers Edge have asked the B.C. Supreme Court to certify a class action lawsuit against the company, former leaders and its main shareholder. Farmers Edge, founder and former CEO Wade Barnes, former chief financial officer David Patrick, Fairfax Financial Holdings and several financial underwriters are named in the suit asking for a combined total of $270 million in damages.
Farm equity, asset values up in 2023: StatCan
Farms' ability to pay debts declined but balance sheet remains strong
The total equity of the Canadian farm sector rose nearly eight per cent in 2023 while farm assets rose more than seven per cent according to Statistics Canada’s 2023 balance sheet.
Former investors seek class action lawsuit against Farmers Edge
Plaintiffs allege they received misleading information prior to the company's 2021 IPO
Former investors in Manitoba-based ag tech firm Farmers Edge have asked the B.C. Supreme Court to certify a class action lawsuit against the company, former leaders and its main shareholder.
Bank of Canada interest rate cut to give some borrowers relief
Effects on financial markets likely to be muted says FCC economist
The Bank of Canada trimmed its key policy rate on Wednesday to 4.75 per cent from a 23-year high of five per cent.
Inflation is now running at 2.7 per cent, above the central bank's two per cent target, but down from a high of 8.1 per cent in June 2022, Reuters reported.
Clock ticking on potential border strike, union says
Most border workers are classified essential and must continue to work in a strike, feds say
The union representing Canadian border workers says its members could strike as soon as Thursday.
Organic growers push for recognition in federal agriculture strategy
The Canadian Organic Growers are pushing the federal government to recognize their sector in the federal Sustainable Agriculture Strategy, set to be published later this year.
"The [Sustainable Agriculture Strategy] is and can be a big opportunity, and organic and regenerative have a lot to offer," said Katie Fettes, COG's director of policy and research, in an online presentation yesterday.
Meat industry calls on federal gov to ease foreign worker limits
Meat industry groups are asking the federal government to reinstate a program that expanded industry hiring limits for temporary foreign workers (TFWs) and lengthened the validity of paperwork needed for hiring, citing work shortages and impact on food prices.
Cyber-Savvy Farmer
