Daily Network News

More News →

Machinery

General, Machinery, Markets

Higher ethanol blends would hit livestock sector: study

Reading Time: 3 minutes Policies designed to cut Canada’s emissions from fossil fuels have instead made the ethanol industry a "subsidized competitor" against the livestock sector, according to a new study from a well-known ag think tank. The George Morris Centre at Guelph, Ont. on Tuesday released a report by senior market analyst Kevin Grier, senior research associate Al […] Read more
Crops, Machinery

Grain revenue jumps in CP’s Q4

Reading Time: 2 minutes A jump in revenue from slightly higher grain traffic in the last three months of 2011 helped bolster a beleaguered Canadian Pacific Railway in its fourth fiscal quarter (Q4). CP on Thursday booked net income of $221 million on total revenues of $1.408 billion for its quarter ending Dec. 31, up from $186 million on […] Read more
General, Machinery

Deere to take MacDon windrowers global

Reading Time: 2 minutes Farm equipment maker MacDon Industries will be the manufacturer for several lines of self-propelled windrowers and mower conditioners to be sold worldwide under John Deere paint. U.S.-based ag and heavy equipment giant Deere and Co. announced a "strategic agreement" Friday with Winnipeg-based MacDon, allowing Deere to expand its hay and forage product portfolio globally. More […] Read more
Crops, Machinery

Certification hearing set for farmer suit against CN, CP

Reading Time: 2 minutes A proposed class action suit against Canada’s two major railways over grain freight rates is due Feb. 1 in a Calgary courtroom, where it will be decided whether the suit can proceed on all Prairie farmers’ behalf. In a letter Monday to potential "class" members, Regina lawyer Tony Merchant said the certification hearing in Alberta […] Read more
Crops, Machinery, Markets

Grain, fertilizer traffic add to record gross for CN

Reading Time: 2 minutes Increased revenue from grain and fertilizer handling helped boost Canadian National Railway to record gross revenues in both its fourth quarter and fiscal 2011. CN on Tuesday reported $2.457 billion in total net income on record revenues of $9.028 billion for fiscal 2011, up from $2.104 billion profit on $8.297 billion in fiscal 2010. Profit […] Read more
Crops, Machinery

Stakeholder names slate to run for CP’s board

Reading Time: 3 minutes A New York investment firm calling for new management at Canadian Pacific Railway (CP) has named a slate of nominees to run for the railway’s board in May. CP shareholder Pershing Square Capital Management has named its own CEO Bill Ackman; one of its partners, Paul Hilal; and three Canadian businesspeople to run in director […] Read more
(Allan Dawson photo)
Livestock, Machinery, Weather

Ont. farmers urge halt to wind turbine development

Reading Time: 3 minutes Claiming an “untenable” and polarizing debate in rural Ontario over an inefficient power source, the province’s general farm organization now wants to see an end to industrial-scale wind turbine development. The Ontario Federation of Agriculture (OFA) on Friday rolled out its new position statement on the issue and plans to present it to the provincial […] Read more
General, Machinery

Sask. seeks feedback on workers’ comp for farms

Reading Time: 2 minutes A report proposing to bring all employees in Saskatchewan under the province’s workers’ compensation system — including ag workers — is up for public feedback. The provincial government on Monday launched consultations on the recommendations in the final report from the Workers’ Compensation Act committee of review, running through from Monday until March 5. "The government […] Read more
Livestock, Machinery

Alta. program aims to fill rural high-speed gaps

Reading Time: < 1 minute The Alberta government has set up a $5 million fund to help try to close any high-speed internet service gaps remaining in rural areas of the province. "This is about kids who want to research homework, families that want to stay connected and farmers and ranchers who want to market their products," provincial Agriculture Minister […] Read more
Crops, Machinery, Weather

CN to shorten trains during ‘extreme cold’ snap

Reading Time: < 1 minute Expected "extreme cold weather conditions" over the next five or six days may cut into transit times for goods moving on Canadian National Railway (CN) track. In an advisory to shippers on Monday, CN listed specific corridors that could be affected including track from Winnipeg to Edmonton; from Toronto to Winnipeg via Thunder Bay, Ont.; […] Read more

Latest Market News

More Market News →
View more on AgDealer