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Brazilian meatpacker JBS SA’s logo on a tower in Jundiai, northwest of Sao Paulo in southeastern Brazil, on June 1, 2017. (File photo: Reuters/Paulo Whitaker)
Livestock, Markets, Reuters

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

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Reading Time: 2 minutes 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
“When someone says no, I’m just going to push 10 times harder,” says Ryan Albright, “especially if it’s a flat-out no.” It’s the spirit he needed to build Covered Bridge Potato Company.
Guide Business, Marketing, Potatoes

A drive to succeed

How much energy and ambition does it take to succeed at value adding? Get ready for a serious reality check

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Reading Time: 11 minutes Cutthroat. Vicious. Not for the faint of heart. Adjectives like these usually get saved for Wall Street bankers, high stakes poker or perhaps bull riding. It’s rare to find a person who’d apply them to making and selling potato chips. Take it from Ryan Albright, though. If anything, they’re much too mild for what this […] Read more
(William_Potter/iStock/Getty Images)
Crops, Markets, Reuters

G7 ag ministers urge end to food export curbs as prices surge

Nations warn against 'speculative behaviour'

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Reading Time: 2 minutes Hamburg | Reuters — Global food exporting countries should not restrict food exports after Russia’s invasion of Ukraine cut world supplies, agriculture ministers of the G7 group of nations said on Friday. The impact on markets escalated this week as a growing list of food producing countries restricted exports, keeping vital supplies within their borders. […] Read more
(JBSs.infoinvest.com.br)
Beef Cattle, Livestock

JBS to help fund home purchases for Brooks staff

Company offering zero-interest loans for down payments

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Reading Time: 2 minutes One of the biggest beef packers operating in Canada is pledging $1.7 million for a one-year pilot program to help employees buy or upgrade homes. JBS Foods Canada, which operates Brazilian meat packer JBS’s plant at Brooks, Alta., on Tuesday announced the launch of what it calls the “Homebuyer Dream Fund,” providing zero-interest loans to […] Read more
EU flags in front of the headquarters of the European Commission in Brussels. (Jorisvo/iStock/Getty Images)
General, Markets, Reuters

EU predicts pain for farmers, consumers from Ukraine crisis

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Reading Time: < 1 minute Brussels | Reuters — Russia’s invasion of Ukraine and EU sanctions on Moscow will prove painful for farmers, consumers, fertilizer makers and exporters of farm products, the European Commission warned on Monday. Michael Scannell, deputy director-general of the Commission’s agriculture division, said grain buyers should brace for higher prices given that Russia and Ukraine made […] Read more
File photo of a Loblaw-owned Real Canadian Superstore location in Winnipeg. (Dave Bedard photo)
General, Markets, Reuters

Loblaw beats estimates for quarterly revenue

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Reading Time: < 1 minute Reuters — Canadian retailer Loblaw Cos. beat market estimates for quarterly revenue on Thursday, as demand for groceries and other essential items stayed strong. The pandemic-led trend of cooking at home has sustained even as COVID curbs have eased, continuing to help sales at grocery stores that benefited during last year’s lockdowns. Companies such as […] Read more
“This is putting growing pressure on companies in Canada to leave and take their jobs with them,” says FHCP’s Michael Graydon.
Guide Business

Home field advantage

Of course exports are vital, but look how much our farms earn from domestic processors

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Reading Time: 5 minutes Canada’s food and beverage industry, defined as all the activities involved in taking raw agricultural output and processing it into finished products for consumers, employs 290,000 people and provides about 70 per cent of all processed food and beverage products sold in Canada. The sector is Canada’s second-strongest manufacturing industry with economic activity of $117.8 […] Read more
“The more we can partner with our friends up the value chain, the better it will be for the farmers.” – Keith Currie, Canadian Federation of Agriculture.
Guide Business

On the same team

Is it too much to hope that farmers and processors will get better at working together?

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Reading Time: 4 minutes Since food and beverage processors are the largest buyers of agricultural production in Canada, purchasing about 40 per cent of domestic farmers’ agricultural output, growth in domestic processing couldn’t help but be positive for farmers. At least, that’s the growing consensus in more university business faculties and in the head offices of more business associations. […] Read more

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