FCC again extends loan plan for young farmers — August 28, 2014

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Canada’s federal farm lending agency has held over its Young Farmer Loan program for a third year and again boosted the program’s budget commitment. Farm Credit Canada said Thursday it will continue the program, which grants loans to eligible producers under age 40 for up to $500,000 to buy or improve farmland and buildings. The […]


Burger King, Tim Hortons reach deal on marriage — August 26, 2014

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Two days after confirming their talks on the idea, Canada’s biggest quick-service restaurant (QSR) chain and the world’s second-biggest burger chain have lined up their US$15.5 billion merger deal. Burger King Worldwide and Tim Hortons on Tuesday announced a “definitive agreement” to combine the world’s fourth- and eighth-biggest QSR firms into the No. 3 spot, […]


Burger King throne would move north in Timmy’s merger — August 25, 2014

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The world’s second-biggest burger chain is in talks with Canada’s biggest quick-service chain on a merger into a new Canadian-based company. Burger King Worldwide and Tim Hortons confirmed their talks Sunday, following a report in that day’s Wall Street Journal. The U.S. paper reported the Miami-based burger firm plans a “tax inversion” deal to move […]


U.N. food body says Gaza farms devastated by fighting — August 14, 2014

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Rome | Reuters — The conflict in Gaza has caused serious damage to crops, herds and fishing as well as greenhouses and irrigation systems, bringing food production to a halt and sending prices sharply higher, the United Nations food body said on Thursday. The Rome-based Food and Agriculture Organization (FAO) said in a statement that […]


European farmers feel Russian sanctions’ bite — August 10, 2014

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London | Reuters – European dairy firms halted production of cheese and butter destined for Russia and Norwegian salmon prices fell, as a wide array of small fresh food producers felt the first impact from Moscow’s tit-for-tat ban on their goods. Russia stopped imports of most food from the West on Thursday in retaliation for […]


Russia ban offers big opportunity for Brazil — August 7, 2014

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Sao Paulo/Brasilia | Reuters – Russia’s ban on many western food products presents a massive opportunity for meat and grain exports from agricultural powerhouse Brazil and a smaller one for its Latin American neighbours. Around 90 new meat plants in Brazil were immediately approved to export beef, chicken and pork to Russia and the South […]


U.S. forecaster lowers chance of El Nino in autumn — August 7, 2014

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Reuters — A U.S. weather forecaster scaled down its estimate for the chances of the El Nino weather phenomenon occurring during autumn and early winter in the Northern Hemisphere to 65 per cent, from an earlier estimate of 80 per cent. The Climate Prediction Center (CPC), an agency of the National Weather Service, had made […]


Cargill Q4 profit falls on exchange rate loss — August 7, 2014

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Reuters — Top global commodities trader Cargill said Thursday its quarterly earnings fell as drought limited farm services opportunities in the U.S. and due to a loss stemming from the drop in the value of Venezuela’s currency. Minneapolis-based Cargill was also stung by elevated rail shipping costs and railcar shortages in the northern U.S. Plains […]


Russia ‘completely’ blocks Canadian meat, fruit, vegetable imports — August 7, 2014

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Moscow/Kiev | Reuters – Moscow imposed a total ban on imports of foods from Canada and other Western nations on Thursday in retaliation against sanctions over Ukraine, a stronger than expected measure that isolates Russian consumers from world trade to a degree unseen since Soviet days. In eastern Ukraine, a Dutch recovery team called off […]


Russia promises ‘substantial’ U.S., EU food import bans — August 6, 2014

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Moscow | Reuters — Russia will impose “quite substantial” bans on imports of foods from the U.S. and EU and has already decided to suspend U.S. poultry imports as part of President Vladimir Putin’s order to prepare a list of food import bans, its veterinary service said. Putin signed a decree on Wednesday banning or […]