Reading Time: 2 minutes Tyson Foods and Cargill have agreed to pay a combined $87.5 million (C$122.1 million) to settle a federal lawsuit brought by consumers who accused the companies of conspiring to inflate U.S. beef prices by restricting supply.
Tyson, Cargill to pay $88 million to consumers in U.S. beef price-fixing lawsuit
Trump bailout for trade-hit U.S. farmers expected this week
Reading Time: 2 minutes The Trump administration is expected to announce a plan as soon as Tuesday to bail out U.S. farmers stung by trade disputes and big harvests, with the initial outlay potentially totaling up to $15 billion (C$20.9 billion), according to sources familiar with the matter.
Bangladesh approves U.S. wheat imports, hoping to ease trade tensions
Reading Time: 2 minutes Bangladesh has approved the purchase of about 220,000 metric tons of U.S. wheat under a government-to-government deal aimed at easing trade tensions with Washington after import tariffs were imposed.
Russia’s top agriculture official blames low global grain prices for export slowdown
Reading Time: 2 minutes Low global prices for grains, Russia’s main agricultural commodity, have caused a sharp fall in exports in recent months.
Arlene Dickinson says recent trip to Asia opened her eyes to new trade opportunities
Reading Time: 3 minutes Arlene Dickinson says Canada must take up decades-old suggestions to support the agriculture and food sectors
Association of Equipment Manufacturers sets up lobby in Ottawa
Reading Time: < 1 minute The Association of Equipment Manufacturers, an organization representing North America’s agriculture and construction equipment makers, is setting up an office in Ottawa.
Corteva to split seeds, pesticide units into separate listed companies
Reading Time: 2 minutes Corteva said on Wednesday it would separate its seed and pesticide businesses into separate listed companies, as the agrichemicals firm seeks to sharpen its strategic focus.
World food prices dip as falls in sugar and dairy offset new high for meat
Reading Time: 2 minutes Global food commodity prices dipped in September as declines in sugar and dairy offset a new peak for meat prices, the United Nations’ Food and Agriculture Organization said on Friday.
B.C. ostrich owner condemns violence near embattled farm
Reading Time: 2 minutes One of the owners of Universal Ostrich near Edgewood, B.C. condemned the alleged assault and arson against one of the farm’s neighbours said to have been committed by a protestor. The farm is in a legal battle with federal authorities over a cull order of the farm’s ostriches, which contracted avian influenza.
Good progress made in Sask. harvest
Reading Time: 2 minutes Combining in Saskatchewan is in the home stretch as the province’s agriculture department reported it at 84 per cent complete. Although the harvest advanced 16 points during the week ended Sept. 29, it was eight points behind the five-year average.