Reading Time: 3 minutes Updated, Nov. 21— Quebec MP Marie-Claude Bibeau retains her role as federal minister of agriculture and agri-food in Wednesday’s cabinet shake-up for the Liberals’ minority government. Bibeau will join her colleagues — including returning Transport Minister Marc Garneau and new Labour Minister Filomena Tassi, a Hamilton MP and former minister for seniors — in having […] Read more
Bibeau remains federal agriculture minister in shuffle
U.S. CFTC awards nearly US$2.5 million to Cargill whistleblower
Reading Time: < 1 minute Chicago | Reuters — The U.S. Commodity Futures Trading Commission has awarded about US$2.5 million to a whistleblower in a 2017 case against global grain trader Cargill over alleged violations in how it handled trades, the agency said Tuesday. The award, while significant in size, was reduced “because of the whistleblower’s delay in reporting” the […] Read more
Bunge moves from regional to global operating model
Reading Time: 2 minutes Chicago | Reuters — U.S. agricultural commodities trader Bunge on Wednesday overhauled its global operations and named a new chief financial officer in the latest shake-up for the 200-year-old company hard hit by a years-long grain market downturn. The moves come as Bunge reported a stronger-than-expected first-quarter profit due to higher soy crush margins in […] Read more
Which risks should you take and which should you manage?
AME Management: Risk assessment
Reading Time: 4 minutes Canadian agriculture’s business environment seems even more uncertain than usual. Markets are more volatile than historically. President Trump seems bent on causing new uncertainties in, among other areas, international trade. As this is written, it is not completely certain that Canada will remain in NAFTA, or exactly what shape that agreement will take. Meanwhile, the […] Read more
Consider hedging against rate hikes, farmers advised
Reading Time: 2 minutes CNS Canada — The Bank of Canada has raised its benchmark interest rate to 1.5 per cent, marking the fourth time it has raised rates since last summer. The increase from 1.25 per cent is the base rate retail banks pay for short-term loans, but consumer rates for mortgages, lines of credit and other loans […] Read more
2018 in doubt
With the constant flow of inflammatory NAFTA headlines, it’s no wonder farmers are feeling more anxious and stressed than in years. Here’s what you can do about it
Reading Time: 8 minutes Hundreds of heads silently bobbed up and down as Canada’s 18th prime minister introduced the topic producers had gathered earlier this winter in Winnipeg to hear about — the renegotiation of the North American Free Trade Act. “We will need to be extremely vigilant in safeguarding access to our most vital market and in resisting […] Read more
Report pegs U.S. dairy support levels
Reading Time: 2 minutes U.S. dairy farmers continue to benefit from broad agriculture supports, a study shows. Dairy Farmers of Canada has had Grey, Clark, Shih and Associates regularly study the effect of U.S. government policy on dairy farms in that country. The latest version of the project was released at the Dairy Farmers of Canada policy conference held […] Read more
Risk warning
Inside the campaign to get better risk management programs for Canada’s farmers
Reading Time: 8 minutes Ask Keith Currie where the biggest risk lies, and he’ll point to the sky. “We’re seeing much more severe weather systems, whether it’s cold snaps, dry snaps, wet snaps. The weather patterns are moving differently,” says Currie, who grows hay and sweet corn near Collingwood, Ont., where he is president of the Ontario Federation of […] Read more
Outside panel named for farm risk management review
Reading Time: 2 minutes A panel of 11 “external” experts from across the country has been picked to offer guidance and feedback on a federal/provincial review of farm business risk management (BRM) programming. The panel’s appointment follows an agreement by federal, provincial and territorial agriculture ministers back in July to launch a review of BRM programs, assessing those programs’ […] Read more
Farm debt in perspective
Yes, $90 billion in farm debt is a lot, but most farmers should be able to weather most storms if they up their focus on their risk exposure
Reading Time: 9 minutes When Gwen Paddock began her finance career some three decades ago, farmers were looking for a chequing account, an operating loan and maybe some short-term financing for equipment and land. Not so today. “Farms are getting bigger with more moving parts,” says RBC’s national director of agriculture. “Now, farmers and farm operators are looking for […] Read more
A message from April Stewart, Country Guide's Associate Editor
