CORRECTED, Sept. 15, 2017 — A major Quebec processor and exporter of identity-preserved (IP) soybeans for food markets is set to be sold to an investor group including the head of soybean firm Semences Prograin. SG Ceresco, based southwest of Montreal at St-Urbain-Premier, will be sold to a joint venture between Prograin president Alain Letourneau’s […] Read more
Prograin head buys into soy processor Ceresco
Canada’s antitrust watchdog clears Nutrien merger
Canada’s Competition Bureau will put up no reasons why PotashCorp and Agrium shouldn’t be joined in Nutrien. The federal antitrust regulator on Monday issued a “no action” letter on the all-stock merger-of-equals that Saskatoon’s PotashCorp and Calgary’s Agrium proposed in September last year. The two companies, when merged, are to be headquartered in Saskatoon under […] Read more
New investment leads to new chief at Morris
A major cash infusion from a pair of Calgary private investment firms, among others, has put new hands at the helm of farm equipment maker Morris Industries. Morris on Tuesday announced its president, Ben Voss — a Saskatoon engineer and farmer, and one of the players in the new investment group — has also been […] Read more
AgriRecovery in place for farms in B.C. wildfire zones
Farmers and ranchers whose operations were hit or evacuated during British Columbia’s particularly destructive wildfire season can expect up to $20 million in AgriRecovery funds toward repair, rebuilding and livestock feeding costs. The federal and B.C. governments on Tuesday laid out more details for the 60-40 cost-shared program, which was announced in principle in mid-August. […] Read more
New Brunswick splits agriculture, aquaculture files
Ministerial oversight of agriculture and aquaculture will be split between two cabinet ministers in New Brunswick following a shuffle Tuesday. Premier Brian Gallant on Tuesday named Carleton-Victoria MLA Andrew Harvey as the new minister of agriculture, mines and rural affairs. Saint John-area MLA Rick Doucet, who until now also handled the ag file, remains as […] Read more
Farm groups line up against feds’ tax proposal
National, regional and sector farm groups are forming up with several major business associations on the offensive against a proposal to reform how incorporated businesses are taxed in Canada. The federal finance department tabled a series of proposals July 18, opening them for public comment until Oct. 2 for a proposed effective date of Jan. […] Read more
Dow, DuPont wrap up merger
With Dow Chemical and DuPont now officially a married couple, the two companies’ agriculture businesses are scheduled to clear out of the house within the next year and a half. As per the terms of the merger-of-equals deal they first announced in late 2015, the two companies’ separate shares ceased trading in New York Thursday […] Read more
Agropur to take control of Iogo, Olympic yogurt maker
Ultima Foods, the Canadian maker of Iogo and Olympic yogurt products, is set to become the sole property of Quebec dairy producers’ co-op Agropur. Agropur and Agrifoods International Co-operative, which combined their yogurt manufacturing and marketing operations in 1993 to form Ultima as a 50-50 joint venture, announced a deal Thursday which will see Agropur […] Read more
Ex-agriculture minister Gerry Ritz quits Commons
Gerry Ritz, the federal minister for agriculture and agri-food for nine years in Stephen Harper’s Conservative government, is done with federal politics. The MP for the western Saskatchewan riding of Battlefords-Lloydminster since 1997, Ritz announced via Twitter Thursday morning that he “will not be returning to my seat in the House of Commons this fall.” […] Read more
FCC pledges flexibility for soaked Ontario, Quebec growers
Canada’s federal ag lending agency has announced a customer support program to limit “financial pressure” on its farming clients in rain-soaked areas of western Quebec and eastern Ontario. Farm Credit Canada on Wednesday announced the program, in which it said it “will work with customers to come up with solutions for their operation(s) to reduce […] Read more
Cyber-Savvy Farmer
