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Livestock, Markets, Reuters

U.S. packer profit margins jumped 300 per cent during pandemic, economists say

Increased costs don't explain higher profits, White House advisors say

By
Washington | Reuters — Four of the biggest meat-processing companies, using their market power in the highly consolidated U.S. market to drive up meat prices and underpay farmers, have tripled their own net profit margins since the pandemic started, White House economics advisers said. Financial statements of the meat-processing companies — which control 55 to […] Read more
(Dave Bedard photo)
Crops, Machinery

Cost index up for CN, down for CP in grain revenue formula

CP expects lower labour costs, CN higher

By ,
Expected labour costs were the major difference in a new ruling on the index that determines how much revenue each of Canada’s big two railways get to keep in the coming crop year from hauling Prairie grain. The Canadian Transportation Agency (CTA) on Thursday announced its decisions on the volume-related composite price index (VRCPI) for […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock

Beef cattle sector weighs in for federal food processing study

Cattlemen's Association makes recommendations to Commons' ag committee

By
The House of Commons’ standing committee on agriculture will soon be wrapping up its study into Canada’s processing capacity. Since November, MPs have heard from more than 50 witnesses on the matter — including representatives from the Canadian Cattlemen’s Association, whose president Bob Lowe and executive vice-president Dennis Laycraft testified at a committee meeting Tuesday. […] Read more
File photo of an Ontario cherry orchard. (UpdogDesigns/iStock/Getty Images)
General

Ontario extends lost-labour production insurance

COVID-related coverage held over for 2021 program year

By ,
A temporary expansion of Ontario’s AgriInsurance program, to cover losses caused by COVID-19-related short-handedness on the farm, will be held over. The province and federal government on Dec. 22 announced the expansion of coverage will be extended to cover the 2021 program year — and that it will insure production of “additional commodities.” Further details […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Fruit/Vegetables

Ontario to insure for crop loss due to lack of labour

AgriInsurance offering hailed as a first in Canada

By ,
Ontario’s federal/provincial AgriInsurance program has been temporarily expanded to include coronavirus-related labour shortages as a covered cause for crop loss. Producers already enrolled in an eligible production insurance plan and hit by crop losses due to labour disruptions during the 2020 growing season will be able to get further insurance coverage, the Ontario and federal […] Read more
File photo of a small greenhouse operation in Quebec. (ManonAllard/E+/Getty Images)
General

New pilot program for agri-food labour welcomed

Meat processors, greenhouse and mushroom growers, livestock producers get first crack at program

By
Ottawa — Federal officials hope a new pilot program will help stabilize ongoing labour issues in certain sectors of the agri-food value chain, while also providing citizenship to some foreign workers. Critics, however, contend more support is needed. “This pilot will help to ensure that farmers and processors have the much-needed skills, experience and labour […] Read more

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