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Livestock, Reuters

Second activist investor buys into Elanco

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Reading Time: < 1 minute Reuters — Hedge fund Starboard Value LP has taken a stake in Elanco Animal Health and nominated three directors to the animal healthcare company’s board, the Wall Street Journal reported Wednesday, citing people familiar with the matter. The WSJ report did not mention the size of Starboard’s stake in Elanco, which makes treatments for pets […] Read more
General, Markets, Reuters

Farmers’ net cash income improves as crop prices soar

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Reading Time: < 1 minute Winnipeg | Reuters — Canadian farmers reaped record profits last year and are on track to do the same this year, the federal agriculture ministry said on Thursday, as prices for its top crops soared. Prices of canola hit all-time highs this month, rallying with oilseed rival soybeans, on brisk Chinese buying to produce feed […] Read more
Crops, Reuters

Kazakhstan’s president orders ban on foreign ownership of farmland

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Reading Time: < 1 minute Almaty | Reuters — Kazakhstan will permanently ban foreigners from owning or renting farmland in the vast central Asian nation, President Kassym-Jomart Tokayev said on Thursday, ending a lengthy dispute that once prompted anti-government protests. Kazakhstan is a major producer of grains, oilseeds and meat in the former Soviet region sandwiched between China and Russia […] Read more
Crops, Markets, Reuters

Nutrien beats profit expectation on strong potash sales

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Reading Time: 2 minutes Reuters — Canadian fertilizer maker Nutrien posted fourth-quarter profit above analysts’ estimates on Wednesday as potash demand rose amid rising crop prices, sending its U.S.-listed shares up in extended trade. Fertilizer producers have benefited from high U.S. crop exports, including record-large corn sales to China. With crop prices touching multi-year highs, farmers are poised to […] Read more
Crops, Reuters

German cabinet approves legislation to ban glyphosate from 2024

Law would still need parliamentary approval

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Reading Time: < 1 minute Berlin | Reuters — Farmers in Germany will have to gradually reduce their use of glyphosate and stop using it completely from 2024 in order to preserve clean habitats for insects, under draft legislation passed by the country’s cabinet on Wednesday. “The exit from glyphosate is coming. Conservationists have been working toward this for a […] Read more
Crops, Fruit/Vegetables, Reuters

U.S. trade body rules blueberry imports do not harm industry

Canada among top five nations selling blueberries into U.S.

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Reading Time: 2 minutes Washington/Mexico City | Reuters — The U.S. International Trade Commission (ITC) ruled on Thursday that blueberry imports are not causing serious injury to domestic producers and will not recommend further action to reduce foreign supplies, in a win for berry exporters. In recent years, U.S. producers have claimed damages from what they argue are unfair […] Read more
Crops, Reuters

Pot producer Canopy Growth sees profit in 2022

Costs cut, revenue increasing

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Reading Time: 1 minute Reuters — Canopy Growth Corp., the world’s largest pot producer, said on Tuesday it expects to turn a profit in the second half of 2022 after aggressive cost-cutting and higher demand for cannabis products helped narrow third-quarter losses. Canadian pot producers have been under pressure from investors seeking returns as profits remain elusive due to […] Read more
Crops, Reuters

UN urges ‘maximum restraint’ as India farm protesters widen blockade

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Reading Time: 2 minutes Mumbai | Reuters — The United Nations human rights office called on Indian authorities and protesting farmers to exercise “maximum restraint” hours before the growers impose a nationwide road blockade on Saturday seeking a repeal of new agricultural laws. Tens of thousands of farmers have camped out on the outskirts of New Delhi for more […] Read more
Crops, Reuters

Kraft Heinz reported in talks to sell Planters snack business

Pandemic-based surge in snack demand wanes

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Reading Time: < 1 minute Reuters — Kraft Heinz is in talks to sell its Planters snack business to Skippy peanut butter maker Hormel Foods for about US$3 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The deal could be announced as soon as next week if talks do not fall apart, the Journal […] Read more

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