BMO Archives - Grainews

BMO in May 2020 announced an agreement to sell its 107-year-old downtown Winnipeg building to the Manitoba Metis Federation for use as a new Metis Nation Heritage Centre. (File photo by Dave Bedard)

BMO regroups ag banking business

Ag-focused national banking team put in place

By Dave Bedard, GFM Network News October 20, 2020

With COVID-19 serving to “accelerate” changes in the industry, BMO Bank of Montreal says it has reset its farm banking work under the oversight of an expanded national agriculture and agribusiness banking team. BMO announced the new team approach Oct. 14, describing it as “a national team of agriculture banking specialists — team members with […] Read more

Morris’ Quantum Air Drill had its first public appearance at Canada’s Farm Progress Show and its formal launch at Ag in Motion in 2018. (Grainews photo by Scott Garvey)

Crops, Machinery

Court approval sought for Morris Industries sale

Rite Way deal the 'highest and best offer received'

By Dave Bedard, GFM Network News September 17, 2020

The court overseeing creditor protection for seeding equipment maker Morris Industries is being asked to approve a deal for the company’s sale to another Saskatchewan manufacturer. Calgary consultancy Alvarez and Marsal, the court-appointed monitor for Morris, said Tuesday in its latest report to Court of Queen’s Bench in Saskatoon it recommends approval of a sale […] Read more

Greg Kruger walks on his farm at Harrod, Ohio, about 110 km northwest of Columbus, on Sept. 24, 2019. (Photo: Reuters/Maddie McGarvey)

Crops, Markets, Reuters

How a major U.S. farm lender left a trail of defaults, lawsuits

By GFM Network News October 22, 2019

Harrod, Ohio | Reuters — After completing a credit review in a half-hour phone call, a BMO Harris Bank underwriter cleared US$12 million in loans for Ohio corn and soybean producer Greg Kruger in 2013. Kruger had initially asked for a $2 million loan to build a grain elevator. But the Chicago-based bank, one of […] Read more

Crops, Markets, Weather

Flexibility available for farmers on FCC loan payments

By GFM Network News June 24, 2019

Farm Credit Canada says it remains willing to work around the various forces majeures standing between its farmer clients and their cash flows this year. The Crown lending agency reiterated Monday it will work with customers “to come up with solutions for their operations on a case-by-case basis” in view of this spring’s weather worries […] Read more

Crops, Fruit/Vegetables, Reuters

Tomato producer Mastronardi said seeking buyer

By GFM Network News October 24, 2015

Reuters — Mastronardi Produce, an Ontario grower and distributor of hothouse tomatoes, peppers and cucumbers, is exploring a sale it hopes could value it at as much as $900 million, including debt, according to people familiar with the matter. Privately-held Mastronardi has hired Bank of Montreal (BMO) to run an auction process, the people said […] Read more

Livestock, Markets, Poultry/Eggs

FCC, BMO offer breaks on loans to poultry farmers

By Grainews Staff, GFM Network News January 2, 2015

Poultry producers up against direct impacts from avian influenza outbreaks at farms in British Columbia’s Fraser Valley may be able to get breaks on their outstanding loans with some lenders. Farm Credit Canada (FCC) and BMO Bank of Montreal both recently announced they may grant affected customers some leeway on payments. FCC said it “will […] Read more

U.S. grains: Corn rebounds from contract lows on short covering, bargain buying

U.S. livestock: Cattle futures come down from highs

Entomologist tests trap crops and marigolds to repel flea beetles at an Ag in Motion

GFM Network News

U.S. grains: Corn rebounds from contract lows on short covering, bargain buying

U.S. livestock: Cattle futures come down from highs

Entomologist tests trap crops and marigolds to repel flea beetles at an Ag in Motion

Tag Archives BMO

BMO regroups ag banking business

Court approval sought for Morris Industries sale

How a major U.S. farm lender left a trail of defaults, lawsuits

Flexibility available for farmers on FCC loan payments

Tomato producer Mastronardi said seeking buyer

FCC, BMO offer breaks on loans to poultry farmers

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