Reading Time: 2 minutes A Saskatchewan seed grower will pay $150,000 to SeCan — the largest penalty in the seed company’s history — for breaching SeCan’s plant breeders rights (PBR). Harvey Marcil of Pasqua Farms near Moose Jaw, Sask., has also agreed to stop making unauthorized seed sales and was expelled from SeCan’s membership, Todd Hyra, SeCan’s business manager […] Read more
PBR breach to cost Saskatchewan seed grower $150K
Agrium’s forecast disappoints
Reading Time: 2 minutes Reuters — Canadian fertilizer and ag retailer Agrium has joined rival PotashCorp in forecasting a weaker-than-expected 2016 profit, as prices for crop nutrients remain weak. Agrium’s Toronto-listed shares fell as much as 5.2 per cent to $110.89, its lowest in a year, as investors ignored a better-than-expected quarterly profit. The company, which sells seed, fertilizers […] Read more
Saskatchewan expects mainly below-normal spring runoff
Reading Time: < 1 minute Barring any weather surprises, most of Saskatchewan outside of east-central regions can expect below-normal runoff this spring. The province’s Water Security Agency on Tuesday released a preliminary outlook which, based on a “warmer- and drier-than-normal winter” and a resulting snowpack below normal levels, points to below-normal spring runoff. Exceptions include parts of the east-central region, […] Read more
Canada signs Trans-Pacific Partnership
Reading Time: 3 minutes Trade ministers from the 12 countries in the Trans-Pacific Partnership have signed their trade agreement, committing them to take the deal to their home governments for review and/or approval. The deal, which Trade Minister Chrystia Freeland signed on Canada’s behalf on Thursday in Auckland, New Zealand, is expected to see tariffs on Canadian products in […] Read more
Baltic index slips to fresh low, demand concerns persist
Reading Time: < 1 minute Reuters — The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying industrial commodities, slipped to another all-time low Tuesday on worries about vessel oversupply and slowing global demand. The overall index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal and fertilizer, fell four points or […] Read more
Potential for fewer flax acres seen this year
Reading Time: < 1 minute CNS Canada — While area seeded to flax in Canada has been increasing over the past four years, that upward momentum may halt in 2016-17. Flax’s cost of production is higher than many of its rivals and the growing lustre of pulse crops could cut into some acres, according to one industry watcher. “It’s too […] Read more
CN to challenge latest grain revenue penalty
Reading Time: 3 minutes Ordered to hand over more than $7 million in Prairie grain handling revenue and related fines for the 2014-15 crop year, Canadian National Railway now plans to challenge the bill in court. Montreal-based CN on Monday filed in the Federal Court of Appeal, seeking leave to appeal the Canadian Transportation Agency’s (CTA) Dec. 29 finding […] Read more
CP cuts raise worry over potential slowdown
Reading Time: 2 minutes CNS Canada –– Canadian Pacific Railway’s decision to cut 1,000 jobs has caught the attention of two Prairie farm leaders. Norm Hall, president of Agricultural Producers Association of Saskatchewan, worries the move is short-sighted and may catch up with the railway in months and years to come, when commodity prices catch fire again. “You dump […] Read more
Lower loonie helps farmers, but only so much
Reading Time: < 1 minute CNS Canada — The slumping price of oil continues to weigh on the Canadian dollar, while at the same time providing a boost to Canadian grain prices. Out-of-country buyers tend to more attracted to Canadian grain and wheat when the loonie is low, as they can get more product for their money. However, one market […] Read more
Major investment to build Farmers Edge’s data power
Reading Time: 2 minutes Canadian precision agronomy and farm data management firm Farmers Edge plans to keep taking its services to previously underserved acres around the world, with a major cash infusion from a group of its backers. Japanese commodities trading and investment firm Mitsui, Toronto commercial real estate company Osmington and the Green Growth Fund operated by investment […] Read more
A message from April Stewart, Country Guide's Associate Editor
