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Better known in the insurance and reinsurance sectors, a Toronto investment firm that controls a major livestock feed maker has been cleared to diversify into feeding people also. The Ontario Superior Court of Justice on Thursday granted approval for the friendly takeover of Mississauga-based Prime Restaurants by Fairfax Financial Holdings, the majority owners of Winnipeg […] Read more

A series of recent recalls for pet and livestock feed in the United States for a corn-based toxic substance increases the pressure to tighten government food safety rules in proposals now being weighed by that country’s Food and Drug Administration, scientists say. "With the Food Safety Modernization Act coming into play into the grain industry, […] Read more

Farmers in provinces where the AgriStability program is delivered federally now have an extra year to pay back any program overpayments without interest charges. Agriculture and Agri-Food Canada announced Monday that the interest-free period for overpayments under AgriStability and its predecessor, the Canadian Agricultural Income Stabilization (CAIS) program, will now run until Jan. 1, 2013. […] Read more

Citing the global economic climate, agrifood giant Cargill has announced plans to cut about 1.5 per cent of its worldwide workforce, about 2,000 employees, over the next six months. The job cuts are based on "recommendations from Cargill’s business units and functions as to how to best allocate resources, based on their specific situations," the […] Read more