Profits plummet 61 per cent at ADM

Agribusiness giant Archer Daniels Midland (ADM) has reported lower-than-expected profits because of a drop in earnings from agricultural services and wheat and cocoa processing. ADM’s earnings fell 61 per cent to $372 million, or 58 cents a share in the fourth quarter that ended June 30, compared to $954 million or $1.47 a share a […] Read more

Ag minister makes FCC, Dairy Comission appointments

Federal Agriculture Minister Gerry Ritz today announced the appointment of John Klippenstein to the Board of Directors of Farm Credit Canada (FCC) and the reappointment of John Core as Chief Executive Officer of the Canadian Dairy Commission (CDC). Klippenstein brings a farming background and over 36 years of experience providing accounting and financial management services […] Read more


CWB board calls for retaining third-party spending limits in director elections

The Canadian Wheat Board’s board of directors has  recommended against removing limits on third-party spending during  elections of CWB directors, as proposed last week by the federal  government.  “The existence of a limit guards against the possibility of a third party  having a disproportionate voice in an election,” said CWB board chair  Larry Hill. “Removal […] Read more

Viterra’s gets boost from bond rating agency

Grain handler Viterra has announced that Standard and Poor’s Ratings Services today raised the Company’s long-term corporate credit rating to ‘BB+’ from ‘BB’, with a positive outlook. In its report Standard and Poor’s cited Viterra’s leading position in Canadian agribusiness and improved profitability from its integration of Agricore United (AU) as driving factors in its […] Read more



CWB announces record $7 billion revenue

The Canadian Wheat Boards (CWB) is reporting record revenue of $7 billion in sales on behalf of Western Canadian farmers. The organization’s president says the 57 per cent increase over last year reflects the ability of a single sales desk to market strategically during a period of generally overall higher prices. Ian White claims a […] Read more


Canada objects to COOL rule

Federal Agriculture Minister Gerry Ritz has vowed to analyze the recently-released U.S. Department of Agriculture’s country-of-origin labeling (COOL) rule to “determine the economic impacts on integrated North American markets.” In a July 30 statement, Ritz expressed disappointment with U.S. COOL legislation, saying it “may discriminate against Canadian products.” He also hinted at possible trade action […] Read more

Ontario funds local food initiative

The Ontario government is making a total of $12 million available over four years through the Ontario Market Investment Fund to help promote consumer awareness of Ontario-produced foods and to encourage Ontarians to buy locally. A government release said the program will help develop opportunities through trade events, marketing campaigns and industry research initiatives that […] Read more


Farm leaders, politicians respond to WTO talks collapse

Following the collapse of WTO negotiations earlier this week, Canadian farm leaders and politicians have largely reinforced their previous positions. Trade minister Michael Fortier was quick to say trade remains at the top of the government agenda, despite the fact that Canada was the lone holdout on some measures around supply-managed agricultural commodities. “Canada is […] Read more

Grain growers, industry tackling payment security

The western Canadian grain industry is examining the issue of producer payment protection in light of proposed changes to the Canada Grains Act. The regulations would be amended to remove mandatory bonding of grain buyers if Bill 3-39 is passed. It was proposed by the federal government in 2007.   Suitable alternatives for farmers and […] Read more