Harrod, Ohio | Reuters -- After completing a credit review in a half-hour phone call, a BMO Harris Bank underwriter cleared US$12 million in loans for Ohio corn and soybean producer Greg Kruger in 2013. Kruger had initially asked for a $2 million loan to build a grain elevator. But the Chicago-based bank, one of[...]
Federal Tories' former associate ag critic takes lead chair
Andrew Scheer's federal Conservatives will have a familiar face in the agriculture critic's chair when the House of Commons reconvenes next month. Scheer on Friday named John Barlow, the MP for the southwestern Alberta riding of Foothills, as the lead opposition critic for agriculture and agri-food. Barlow replaces Quebec MP Luc Berthold, who takes up[...]
Altria to marry Canadian pot with big tobacco
Reuters -- Marlboro cigarette maker Altria Group announced a $2.4 billion investment in Cronos Group on Friday, which could give it up to 55 per cent ownership of the Canadian cannabis producer. The deal represents by far the biggest investment by a major tobacco conglomerate in a cannabis company. It comes after Canada legalized the[...]
U.S. grains: Corn tops one-month high on strong U.S. export sales
Chicago | Reuters -- U.S. corn futures touched their highest prices in more than a month on Thursday on strong export demand and as traders adjusted positions ahead of a crop report expected to show supplies tightened over the past year. Soybean futures also rose, extending a rebound from recent losses into a third consecutive[...]
Saskatchewan, B.C. areas up for livestock tax deferrals
Livestock producers in several more parched municipalities in Saskatchewan and British Columbia will be able to defer income from sales of animals on their 2017 tax returns. The federal government on Tuesday announced its final list of designated regions for 2017, including 20 more municipalities in Saskatchewan and seven in British Columbia. The initial list,[...]
Harvest woes rally canola, turn some farmers into winners
Winnipeg | Reuters -- As some Western Canada farmers watched rain and snow turn their ripening canola fields into bogs, Rob Stone could count his blessings. Harvest weather was kinder to his farm at Davidson, Sask., about 100 km southeast of Saskatoon, and Stone finished harvesting canola by mid-September. Then, when worries about four million[...]
Australian bidders gatecrash deal for country's biggest landholding
Sydney | Reuters -- Four of Australia's wealthiest outback cattle families plan to make the first entirely domestic offer to buy S.Kidman and Co, the country's largest private landholding, paying more than a rival bid of A$365 million (C$370.1 million), two of the quartet said. Kidman has already accepted a joint offer by Australia's richest[...]
First U.S. trader convicted of spoofing sentenced to jail
Chicago | Reuters -- A U.S. judge sentenced futures trader Michael Coscia to three years in prison on Wednesday, a lighter punishment than prosecutors had sought for the first person criminally convicted of the manipulative trading practice of spoofing. Coscia also was sentenced to two years of supervised release from jail, in a case that[...]
U.S. asked to seize Bundy cattle to protect tortoises
Reuters -- Environmental groups have asked the U.S. government to seize hundreds of jailed militant rancher Cliven Bundy's cattle, saying unregulated grazing of his herd on public lands in Nevada threatens habitat for federally protected desert tortoises. The request from nine organizations in a letter sent on Monday to the U.S. Bureau of Land Management[...]
New 'superbug' gene found in animals, people in China
London | Reuters -- A new gene that makes bacteria highly resistant to a last-resort class of antibiotics has been found in people and pigs in China -- including in samples of bacteria with epidemic potential, researchers said Wednesday. The discovery was described as "alarming" by scientists, who called for urgent restrictions on the use[...]
A message from April Stewart, Country Guide's Associate Editor
