drought Archives - Page 35 of 45

Hay prices skyrocket as Prairie drought continues

By GFM Network News May 16, 2019

MarketsFarm — Hay prices have continued to skyrocket across the Prairies as conditions remain dry enough that many hay growers won’t produce a first cut this spring. “We’ve had a tough start here,” said Darren Chapman, chair of the Manitoba Forage and Grassland Association. “We had a cold, dry spring with frost, so first cut […] Read more

File photo of idled equipment in drought conditions on a farm in New South Wales, Australia. (f.ield_of_vision/iStock/Getty Images)

Crops, Reuters, Spring Wheat, Weather

Australia to import first wheat in 12 years as drought bites

By GFM Network News May 15, 2019

Sydney | Reuters — Australia will import its first shipment of wheat in more than a decade as a drought across the country’s east coast wilts supply in the world’s fourth largest exporter of the staple grain. Australia’s Department of Agriculture and Water Resources said late on Tuesday that it has approved an import permit […] Read more

Canada Malting’s processing plant in Montreal. (CanadaMalting.com)

Crops, Reuters

Suitor quits bid for Australia’s GrainCorp

By Reuters, GFM Network News May 7, 2019

Sydney | Reuters — Australia’s largest-listed grain handler, GrainCorp Ltd., said that suitor Long-Term Asset Partners (LTAP) has withdrawn its A$2.4 billion (C$2.26 billion) takeover bid after due diligence, pushing shares to five-month lows. GrainCorp stock dropped 11 per cent at the open of trade on Tuesday to hit close to where it stood preceding […] Read more

Crops, Machinery, Markets, Reuters, Weather

Climate change has U.S. fund managers adjusting agriculture investments

By GFM Network News May 3, 2019

New York | Reuters — After historic floods devastated Midwestern agricultural states this spring, some fund managers are evaluating how climate change will affect the long-term value of companies that make or sell products ranging from tractors to fertilizer. The issue is not simply the unpredictability of weather. Instead, fund managers say, they are struggling […] Read more

Barley. (Photo courtesy Canada Beef Inc.)

Barley, Crops, Markets

Feed weekly outlook: Barley acreage buoyed despite current prices

By GFM Network News April 18, 2019

MarketsFarm — International demand for Canadian feed barley has been strong thanks to a 2018 growing season drought in Australia that limited exportable supplies. China purchased nearly 950,000 tonnes of Canadian barley in the first seven months of the 2018-19 year, significantly above the five-year average. However, feed markets in general are quite sluggish ahead […] Read more

Agriculture and Agri-Food Canada’s final map of designated areas for the livestock tax deferral provision for the 2018 tax year, as of Jan. 30, 2019. (Agr.gc.ca)

Livestock, Weather

Livestock tax deferral map expands again for 2018

By GFM Network News January 30, 2019

Some northern and southwestern Ontario producers who had to sell breeding livestock due to drought in the 2018 tax year can now defer chunks of the income from those sales when filing their income taxes. The federal government on Wednesday rolled out its final list and map of designated regions for 2018 under its livestock […] Read more

Agriculture and Agri-Food Canada’s map of deferral-designated areas for the 2018 tax year as of Oct. 25, 2018. (Agr.gc.ca)

Beef Cattle, Livestock, Weather

Unusual third assessment run for livestock tax deferrals

By GFM Network News January 29, 2019

In an unusual move, Agriculture and Agri-Food Canada has undertaken a third assessment for the federal livestock tax deferral. “Federal officials are currently finalizing the analysis to identify whether any additional regions have met the criteria for the livestock tax deferral,” AAFC spokesperson James Watson said. Under the deferral plan, cattle producers affected by severe […] Read more

Crops, Lentils, Markets, Peas

Pulse weekly outlook: Market depends on India’s fortunes

By GFM Network News December 12, 2018

CNS Canada — When it comes to Canadian pulse crops, David Newman of Commodious Trading says producers, speculators and processors are long — and that has been of great concern to him. “You have everybody wanting to sell and you better hope that there’s someone there to take all of it,” he said. The wildcard […] Read more

Crops, Reuters

Drought to cut east Australia crop output in half from 20-year average

By GFM Network News October 26, 2018

Melbourne | Reuters – Drought is expected to cut eastern Australia’s crop production this year to less than half the average over the past 20 years, with New South Wales to be worst hit, the country’s agricultural commodities forecaster said on Friday. While some regions are facing the worst conditions in memory, the Australian Bureau […] Read more

(Photo courtesy Canola Council of Canada)

Canola, Crops, Markets, Weather

Canadian canola could make its way into Australia

By GFM Network News September 28, 2018

CNS Canada — A potential shortage of canola on Australia’s east coast has the oilseed industry there musing about the potential of importing Canadian canola to keep processing plants going. A story Tuesday on the Australian website Farm Online quoted Australian Oilseeds Federation CEO Nick Goddard as explaining the potential for Canadian canola to make […] Read more

GFM Network News

U.S. livestock: Cattle futures turn lower

U.S. grains: Soy futures dip as traders await China sales; corn, wheat sag

Seeds Canada announces Dan Wright as new CEO

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