Reading Time: 2 minutes Reuters — Canada’s Ritchie Bros. on Monday sweetened the cash component of its buyout offer for IAA Inc. by 28 per cent, valuing the U.S. auto retailer at US$5.94 billion, and also secured the backing of a key IAA shareholder which had questioned the initial offer. The latest cash-and-stock offer at $44.40 per share, will […] Read more
Ritchie Bros. raises cash payout in bid for IAA
Activist investor Starboard Value buys into Ritchie
An ounce (or more) of prevention…
Preparation is the best strategy for reducing the effects of climate change on agriculture
Reading Time: 5 minutes A growing contingent from research, agronomy and extension insists that rather than waiting for climate change to happen, agriculture should begin preparing for any contingencies of extreme weather now. The list of stakeholders is extensive, from university researchers, plant breeders, meteorologists to land-use planners, government bureaucrats, entomologists and plant pathologists. Some are interested in breeding […] Read more
Canadian Pork Council names new top brass
Rene Roy elected as council's new chair
Reading Time: 2 minutes A few weeks after hiring a new executive director, members of the Canadian Pork Council have also chosen their new board chair and first vice-chair. The council on Tuesday announced it had elected Rene Roy, a hog producer from St-Jules in Quebec’s Beauce region, as its new board chair, and Scott Peters, a producer from […] Read more
Rabobank to offer Canadian farm-level lending
Dutch co-operative bank's Canadian arm to loan directly to farmers, starting on Prairies
Reading Time: 3 minutes Updated — A global financing firm operating at higher altitudes in Canada’s food and agrifood sector now plans to expand its business down to the farm and ranch level. The Canadian arm of Rabobank — an Amsterdam-based farmer co-operative lender, providing banking, leasing and real estate services in more than 38 countries — announced Tuesday […] Read more
EDC executive to lead Farm Credit Canada
Justine Hendricks to replace retiring Michael Hoffort
Reading Time: 2 minutes Canada’s federal farm lender is importing its next chief executive from Export Development Canada. Federal Agriculture Minister Marie-Claude Bibeau on Wednesday announced the appointment of Justine Hendricks, EDC’s senior vice-president and chief corporate sustainability officer since 2019, as FCC’s new CEO effective Jan. 30, 2023. As CEO, Hendricks replaces Michael Hoffort, an FCC staffer since […] Read more
This week on ‘Between The Rows’
Episode 307, Dec. 22, 2022
Reading Time: < 1 minute To hear the latest episode of Between The Rows, CLICK HERE. The show is also available to you each week through Apple Podcasts and Google Podcasts — and you can also find our episode archive on YouTube.
Canadian Cattle Association president Reg Schellenberg dies
Saskatchewan rancher had led CCA since March
Reading Time: 3 minutes Updated, Dec. 7 — Western Saskatchewan rancher Reg Schellenberg, who had led the national organization representing Canada’s beef cattle producers since March this year, died suddenly Friday at age 63. The Canadian Cattle Association reported Schellenberg’s death in a release Saturday, adding that the association’s current vice-president, rancher Nathan Phinney of Sackville, N.B., will now […] Read more
Farm equipment demand to remain high, FCC says
Low inventories, high commodity prices and a good crop place pressure on demand
Reading Time: 3 minutes Demand for farm equipment should remain high through 2023 despite higher interest rates and projected price increases, according to Farm Credit Canada. The federal ag lender has released an outlook on the farm equipment market that analyzed data and trends that affect the market. While the outlook attributes much of the current demand to relatively […] Read more
Farm cash receipts on the rise, StatCan shows
Reading Time: < 1 minute MarketsFarm — Farm cash receipts improved 13.7 per cent during the first three quarters of 2022, Statistics Canada reported Monday. From January to September, those receipts reached $66.7 billion. That increase of more than $8 billion was due to higher receipts for crops, livestock and program payments. The report noted crop receipts rose 7.3 per […] Read more
Canada to boost defence, cyber security in Indo-Pacific policy
New policy document puts focus on 'disruptive' China
Reading Time: 3 minutes Ottawa | Reuters — Canada launched its long-awaited Indo-Pacific strategy on Sunday, outlining $2.3 billion in spending to boost military and cyber security in the region and vowed to deal with a “disruptive” China while working with it on climate change and trade issues. The plan detailed in a 26-page document said Canada will tighten […] Read more
A message from April Stewart, Country Guide's Associate Editor
