Reading Time: 2 minutes MarketsFarm — The decision by the U.S. to halt the import of Russian petroleum products due to the country’s invasion of Ukraine created sticker shock at the pumps in North America — but an end to that invasion would not necessarily mean an end to high fuel prices. On March 15, the average price of […] Read more
Fuel prices may remain high beyond Russian invasion, expert says
Farming behind the lines in Ukraine
A Ukrainian agriculture journalist chronicles the challenges of sowing a crop during wartime
Reading Time: 5 minutes Ukrainians will farm their land, even in the face of war. In the Kherson area of southern Ukraine, where war rages and the city of Kherson is seen by the Russian invaders as strategic, a column set out on Monday. This was a column of tractors, under the flag of Ukraine. In it were farmers […] Read more
Spring road bans coming into effect across Prairies
Reading Time: < 1 minute MarketsFarm — Warming temperatures and melting snow across Western Canada may cause some disruptions to grain and livestock movement over the next few weeks as seasonal spring road restrictions come into effect across the Prairies. Annual spring road restrictions set axle weight limits for vehicles moving on certain roads, in an effort to reduce the […] Read more
Used farm equipment sees big demand
There’s something very new — and unsettling — about this year’s used equipment market
Reading Time: 7 minutes This year, any farmer expecting a new tractor in time for spring seeding knows they shouldn’t hold their breath. It may or may not arrive on time. Problems including staff shortages, transportation bottlenecks, a shortage of components — all a result of COVID-19 in one way or another — have hit ag equipment manufacturers simultaneously […] Read more
CP conductors vote in favour of mid-March strike action
Reading Time: 3 minutes Unionized conductors and train and yard service staff with Canadian Pacific Railway (CP) have voted in favour of strike action which could begin as early as March 16. The Teamsters Canadian Rail Conference – Conductors, Trainpersons and Yardpersons (TCRC-CTY) announced Monday that a strike vote it conducted through February went 96.7 per cent in favour […] Read more
Ag equipment firm Buhler Industries shakes up board table
Rostselmash's Babkin steps down, founder Buhler to retire
Reading Time: 2 minutes Board oversight of Winnipeg farm equipment manufacturer Buhler Industries will now include another of the company’s upper managers, as a co-owner of the company’s Russian parent firm and the company’s founder both step down. Buhler’s board announced Wednesday it has accepted the resignation of Konstantin Babkin, the president and co-owner of Russian holding company Novoe […] Read more
Engine maker Cummins says expects ‘some impact’ in Russia
Deere says will abide by sanctions
Reading Time: < 1 minute Reuters — Diesel engine maker Cummins Inc. expects “some impact” to its business in Russia and is analyzing and preparing for current and anticipated sanctions, the U.S. truck engine maker said in an e-mailed statement on Monday. Many firms have idled operations in Russia after it invaded Ukraine last week, resulting in powerful Western sanctions. […] Read more
Equipment maker Buhler distances self from Ukraine invasion
Reading Time: 2 minutes A Winnipeg farm equipment manufacturer is distancing itself from Russia’s invasion of Ukraine. Buhler Industries, which manufactures the Versatile tractor line and Farm King equipment, is majority-owned by the Russian firm Combine Factory Rostselmash. That firm purchased an 80 per cent stake in Buhler in 2007 and boosted that to 97 per cent ownership in […] Read more
CNH sees revenues rising to 2024 on precision agriculture plans
Margin at agricultural unit seen at 14.5 to 15.5 per cent
Reading Time: 2 minutes Milan | Reuters — Italian-American vehicle maker CNH Industrial on Tuesday gave guidance for a total revenue growth of up to 24 per cent through 2024 as it presented a new business plan after spinning off its truck, bus and engine units. In a bid to focus on its higher-margin agriculture and construction machine businesses, […] Read more
Gasoline, diesel prices set to continue rising
Reading Time: 2 minutes MarketsFarm — The steady rise in crude oil prices is based on three factors, according to Tom Kloza, global head of energy analysis for Oil Price Information Service at Lakewood, N.J. One of those factors is the amount of crude oil produced by members of the Organization of Petroleum Exporting Countries (OPEC), along with some […] Read more
A message from April Stewart, Country Guide's Associate Editor
