revenue Archives - Grainews

Manitoba's latest cost-of-production estimates for various field crops put black beans third for expected profitability.

Beans mounting a comeback?

Expected prices could make some Manitoba growers take a closer look at dry beans in 2024

By Jim Timlick January 23, 2024

Could dry beans be poised to make a comeback in Manitoba? While it’s difficult to say with certainty, the latest Manitoba Agriculture estimates for crop production costs in the province for 2024 suggest it’s possible. Pinto beans are ranked No. 1 in terms of profitability among all field crops, according to the guide’s budget estimates, […] Read more

(FMC Corp. video screengrab via YouTube)

Crops, Markets, Reuters

Ag chem maker FMC looks to sell non-core assets

By Reuters, GFM Network News November 18, 2023

Reuters — Crop protection products maker FMC Corp. has launched a strategic review of its non-core assets, including a potential sale of its non-crop business. A slowdown in demand for herbicide and pesticides as well as excess inventories had resulted in large destocking in South America, denting the U.S.-based company’s earnings for much of the […] Read more

A CNH manufacturing plant at Sorocaba, west of Sao Paulo in southeastern Brazil. (Photo courtesy CNH Industrial)

Crops, Machinery, Markets, Reuters

CNH to move to NYSE single listing Jan. 2

Company also plans new US$1B share buyback

By Reuters, GFM Network News November 7, 2023

Milan | Reuters — Farm and construction equipment maker CNH Industrial said Tuesday its plan to abandon the Milan stock market and retain a single listing for its shares on the New York Stock Exchange would be effective from Jan. 2 next year. The Italian-American group, whose shares are currently traded both on the NYSE […] Read more

Canola grown at a Resilient Rotations test site in Swift Current, Sask., didn’t perform well in 2021. Severe drought at the flowering stage resulted in low yields and economic returns.

Features

Rotations and the bottom line

Prairie researchers examine how different crop rotations affect net economic returns

By Jim Timlick September 11, 2023

When it comes to on-farm decision making, the bottom line for most farmers is often, well, the bottom line. A 2019 survey of Manitoba farmers bore that out. The survey, conducted on behalf of the Manitoba Pulse and Soybean Growers, asked farmers which factors were important to them when planning their crop rotations. Yield potential […] Read more

Beef Cattle, Livestock, Markets, Reuters

JBS posts quarterly loss on tight U.S. beef margins

'Greater balance' forecasted for global chicken supply

By Reuters, GFM Network News August 15, 2023

Sao Paulo | Reuters — Brazilian meat company JBS SA on Monday reported a second-quarter loss citing the negative effects of an oversupplied global chicken market and tighter margins for its beef business in the U.S., where it gets most of its sales. JBS reported a net loss of 263.6 million reais (C$73.8 million), the […] Read more

A nameplate outside the Canadian Grain Commission building in downtown Winnipeg. (Dave Bedard photo)

Crops

CGC, other fed workers to strike Tuesday night if no wage deal reached

Tax season, passport renewals may also be affected

By GFM Network News April 17, 2023

Ottawa | Reuters — Some 155,000 public workers in Canada will go on strike at midnight on Wednesday if they are unable to reach a wage deal with the federal government, the leader of the Public Service Alliance of Canada (PSAC) union said on Monday. PSAC president Chris Aylward said he was “setting a clock […] Read more

File photo of grain bins in Saskatchewan. (Chinaface/iStock/Getty Images)

General, Machinery, Markets

Over half Canada’s farm revenue now goes to biggest farms, census finds

More women operators, more sustainable practices, more growing under glass

By Dave Bedard, GFM Network News May 12, 2022

While it shouldn’t surprise anyone that the number of larger farms by sales in Canada is rising and the number of smaller farms is declining, Canada’s newest ag census also shows larger farm classes now capturing the majority of total ag revenue. Statistics Canada on Wednesday began releasing data from its 2021 Census of Agriculture, […] Read more

Crops, Machinery

Saskatchewan budget aims to spur ag investment

Potash, crude oil resource revenues help cut deficit

By Dave Bedard, GFM Network News March 24, 2022

Sweetening existing tax credits on big-ticket investments, and setting up a new Crown corporation to support Indigenous investors, are among the items expected to help encourage new value-added ag projects in Saskatchewan’s latest budget. Provincial Finance Minister Donna Harpauer on Wednesday released her 2022-23 budget with $17.6 billion in expenditures on $17.2 billion in revenues, […] Read more

Livestock, Markets, Reuters

JBS says U.S. domestic and international businesses to remain strong

By Reuters, GFM Network News March 22, 2022

Sao Paulo | Reuters — Brazilian meatpacker JBS, which operates multiple food processing facilities in the U.S. and one of Canada’s largest beef packing plants, said its North American operations will continue to drive performance. Speaking at a conference call to discuss fourth-quarter results, management said JBS will benefit from strong U.S. domestic demand for […] Read more

Crops, Machinery, Markets, Reuters

CNH sees revenues rising to 2024 on precision agriculture plans

Margin at agricultural unit seen at 14.5 to 15.5 per cent

By Reuters, GFM Network News February 22, 2022

Milan | Reuters — Italian-American vehicle maker CNH Industrial on Tuesday gave guidance for a total revenue growth of up to 24 per cent through 2024 as it presented a new business plan after spinning off its truck, bus and engine units. In a bid to focus on its higher-margin agriculture and construction machine businesses, […] Read more

U.S. livestock: Cattle drop sharply, hogs mixed

Pulse Weekly: Talk arises of India ending duty-free period

U.S. grains: Soybeans, corn, wheat ease, traders eye USDA crop report

GFM Network News