GFM Network News

Intelligent, interconnected digital technologies will be the key value features of the next generation of farm equipment.

Machines vs. climate

Shrewd machinery purchases have always been essential on the farm, but not like this. Emerging technologies mean huge potential payoffs for getting it right, and even bigger penalties if you don’t. Think precision farming. Think surviving climate change

Reading Time: 8 minutes In the last two or three decades, farmers have been offered a dizzying array of new features on ag equipment. There’s more power, more capacity, auto guidance, the list goes on. Yet now, looking to the future, it will be even more crucial to make the best possible purchase decisions and to integrate your technology […] Read more

The Garden City container terminal at Savannah is operated by Ports America on behalf of the Georgia Ports Authority. (Photo courtesy Georgia Ports Authority)

Canada’s CPPIB to buy major U.S. port terminal operator

Canada Pension Plan's play furthers its infrastructure push

Reading Time: 2 minutes Reuters — Canada Pension Plan Investment Board (CPPIB) said on Wednesday it had agreed to buy Ports America, one of the largest marine terminal operators in the U.S., from investment firm Oaktree Capital Management. While no valuation was given in the announcement, the deal values Ports America at over US$4 billion, according to two sources […] Read more


(Viktorcvetkovic/E+/Getty Images)

Minnesota grain handler targeted in ransomware attack

Company instead issuing handwritten tickets for grain deliveries

Reading Time: 2 minutes Chicago | Reuters — Minnesota agricultural co-operative Crystal Valley said it had been targeted in a ransomware attack in recent days, making it the second Midwestern farm-services provider in a week to be forced to take systems offline due to cybersecurity incidents. Crystal Valley, which sells supplies like fertilizer to farmers and buys their crops, […] Read more

(Dave Bedard photo)

Federated Co-operatives looks to sell oil-producing business, keep refinery

Reading Time: < 1 minute Winnipeg | Reuters — Federated Co-operatives Limited (FCL) put its oil production business up for sale this week, according to a marketing document obtained by Reuters, but the co-op said it plans to keep its Saskatchewan refinery. FCL spokesperson Cam Zimmer did not comment on the reason for offering to sell the production business but […] Read more


File photo of the Port of Montreal. (Guy Banville/iStock/Getty Images)

Baltic Dry Index hits 12-year high

Canadian grain exports slow either way

Reading Time: < 1 minute MarketsFarm — Strong demand to move cargo coupled with weather-related shipping constraints in a number of key corridors has helped take ocean freight rates to their highest levels in more than a decade. The Baltic Dry Index (BDI), a major indicator of shipping rates, settled Friday at 4,275 points, marking its highest level since November […] Read more

(CPR.ca)

CP, Kansas City lock in new deal as CN steps out

More efficient flow of grain, perishables, machinery parts touted

Reading Time: 3 minutes Canadian Pacific Railway and U.S. railway Kansas City Southern on Wednesday again formalized their engagement after competing suitor Canadian National Railway walked away from the table. CP and KCS, which reported “unanimous” support from both companies’ boards, have entered a merger agreement committing CP to pay about $31 billion in cash and stock, or about […] Read more


The 2022 Chevrolet Silverado ZR2. (Media.chevrolet.com)

GM’s pickup money machine gets a technology tuneup

Silverado ZR2 to appeal to extreme off-roading segment

Reading Time: 3 minutes Detroit | Reuters — General Motors will give its best-selling Chevrolet Silverado large pickup truck models a makeover next spring to fix competitive shortcomings that have left Chevy in third place in one of the most lucrative vehicle market segments in the world. Catching up with rival trucks from Stellantis NV and Ford Motor Co., […] Read more

GM’s CAMI assembly plant at Ingersoll, Ont. (GM.ca)

GM to cut North American production, citing chip shortage

Both GM, Ford cutting truck production

Reading Time: 2 minutes Washington | Reuters — General Motors will reduce production at most North American assembly plants this month because of the ongoing semiconductor chip shortage, hitting its profitable truck and sport utility vehicles, it said Thursday. The largest U.S. automaker will halt production next week at its Fort Wayne plant in Indiana and its Silao plant […] Read more


(JimPattison.com)

Deere lifts 2021 forecast on solid equipment demand

Reading Time: 2 minutes Reuters — Deere and Co. on Friday raised its full-year earnings forecast after quarterly profit topped Wall Street estimates on the back of strong demand for farm and construction equipment. The world’s largest farm equipment manufacturer now expects net income in fiscal 2021 to be between $5.7 billion and $5.9 billion, up from a range […] Read more