GFM Network News

Sollio outlines pandemic recovery plan for food sector

Support sought for automation, digitization, telecommunications

Reading Time: 2 minutes Ottawa — One of Canada’s largest agri-food companies has laid out a five-point industry recovery plan for federal politicians to consider. During a meeting Tuesday of the Commons standing committee on finance, the president of Quebec-based Sollio Co-operative Group shared plans to limit consequences of the COVID-19 pandemic on the agrifood supply chain. Sollio employs […] Read more

Calgary to step out of Federated Co-op grocery system

Reading Time: 2 minutes Calgary Co-op’s grocery business plans to get all its goods from suppliers other than Federated Co-operatives (FCL) starting in April next year. Saskatoon-based FCL said Thursday it had received notice from Calgary Co-operative Association that it would “discontinue the procurement of all products for their grocery stores from FCL” at that time. The Saskatoon StarPhoenix […] Read more

U.S. grain firms set up co-ops in tax law’s wake

Reading Time: 3 minutes Chicago | Reuters — U.S. agricultural merchants are scrambling to register themselves as cooperatives after a blunder in the country’s new tax law gave farmers a tax break for selling grains to co-ops rather than private firms. Private crop handlers — including the “big four” merchants Archer Daniels Midland, Bunge, Cargill and Louis Dreyfus — […] Read more

U.S. Congress near deal on tax law’s impact on grain market

Reading Time: 2 minutes Washington | Reuters — U.S. lawmakers are close to resolving a problem with the new federal tax law that gives grain co-operatives an unintended market edge over private companies, but have had a hard time getting agreement among members of the farm sector, a Republican senator said Thursday. A provision in the Republican tax overhaul […] Read more

Rush on to reverse U.S. tax boon for ag co-ops

Reading Time: 3 minutes Chicago | Reuters — Republican U.S. senators are working with some of the world’s biggest agricultural merchants to undo a last-minute provision in the tax overhaul that threatens to distort the grains market and starve private firms of corn, soy and wheat supplies. It was included during final revisions of the tax bill that passed […] Read more

Major U.S. grain firms fear harm from new tax law

Reading Time: 3 minutes Chicago | Reuters — The new U.S. tax law is poised to drive more control over the nation’s grain supply to farmer-owned co-operatives, provoking concern among ethanol producers and privately run grain handlers that they could be squeezed out of the competition to buy crops. Until now, the co-operatives, private companies and publicly traded firms […] Read more

Co-ops have costs, like increased management time, and they’re less nimble, but for Bodnar and others in the industry, they make new ventures possible.

The new co-operatives

Is the co-op movement on its way out, or just getting rolling?

Reading Time: 10 minutes Because Chris Bodnar loves soil, growing crops, the cycles of weather and seasons, it wasn’t a big surprise when, a dozen years ago, he decided his future was farming. Unfortunately, big barriers stood in the way of this 20-something. Since Bodnar wasn’t raised on a farm, he had no one’s bootsteps to follow in, and […] Read more

InVivo pursues co-op alliances to vie with grain, chemical giants

Reading Time: 2 minutes Paris | Reuters — France’s InVivo wants to expand international partnerships with other co-operatives, including in joint buying of crop supplies and shipping fixtures, as it tries to compete with global grain trading and chemical firms, its CEO said on Wednesday. InVivo, a grouping of 220 agricultural co-operatives and one of the largest exporters of […] Read more