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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'

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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
Syngenta’s headquarters in Basel, Switzerland. (Photo courtesy Syngenta)
Crops, Reuters

Syngenta says IPO ‘on track’

Ag chem firm books higher first-half profit

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Zurich | Reuters — Agricultural chemical maker Syngenta posted higher first-half profit and sales on Thursday, helped by maintaining supplies to farmers and controlling costs during the coronavirus outbreak, and said it was on track to complete its public listing by mid-2022. The Swiss company, bought by state-owned ChemChina for $43 billion in 2017, posted […] Read more
(Bouillante/iStock/Getty Images)
Crops, Markets, Potatoes

Plummeting french fry sales have potato growers re-evaluating

Restaurant closures slash demand, though 'chip sales have been great'

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French fry sales are down across North America as tens of thousands of restaurants have closed during COVID-19, meaning the potato industry has to adapt quickly. Companies that turn potatoes into french fries, wedges and hash browns are slowing down, because there isn’t enough space to store all the frozen product. In Alberta and Manitoba, […] Read more
(File photo)
Livestock, Markets

Livestock auction marts to decide on next steps

Livestock Marketing Association of Canada pondering next move in face of pandemic

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You may want to call first to see if it’s open, but many auction marts in Alberta were still having sales on Tuesday morning. The Livestock Marketing Association of Canada has a conference call set for this evening to discuss COVID-19 safety measures for staff, customers and buyers, said Chance Martin, an LMAC director and […] Read more
A worker pushes a cart of marijuana plants at the Canopy Growth facility at Smiths Falls, Ont. on Jan. 4, 2018. (File photo: Reuters/Chris Wattie)
Crops, Markets, Reuters

More pain in store for Canadian marijuana companies

Aurora Cannabis, Tilray cut jobs

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Toronto | Reuters — Investors are bracing for more job cuts and writedowns at Canadian cannabis producers before the industry stabilizes and becomes profitable, after two of the biggest weed companies, Aurora Cannabis and Tilray announced cost reductions this week. Canada legalized recreational cannabis in October 2018 but profits have proven elusive for most marijuana […] Read more
(Greg Berg photo)
Crops, Machinery

Machinery costs driving up fixed farming expenses

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MarketsFarm — Fixed costs on farms continue to rise year-over-year, a statistic largely attributed to increasing land values and interest rates. At the beginning of 2019, Farm Credit Canada (FCC) reported farmland values across Canada increased by an average of 6.6 per cent during the previous year. But that’s not the main driver of fixed […] Read more
Canola south of Ethelton, Sask. on Aug. 3, 2017. (Dave Bedard photo)
Canola, Crops

Input Capital to consider company sale, merger, cannabis

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Possible options including a sale, merger or moving into the cannabis business are now on the table for “commodity streaming” canola firm Input Capital Corp. Regina-based Input, which trades publicly on the TSX Venture Exchange, announced Wednesday its board has launched a “comprehensive review of strategic alternatives to enhance shareholder value.” The review, which will […] Read more

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