Agri-business

Saskatchewan-based Prairie Clean Energy wants producers’ flax straw

Saskatchewan-based Prairie Clean Energy wants producers’ flax straw

Oct 17, 2023 | 5:46pm
A Saskatchewan-based company that focuses on providing sustainable and clean prairie-based biomass fuel, wants to buy flax straw from producers. CEO of Prairie Clean Energy Mark Cooper says they’re buying between 6-thousand to 54-thousand tons of straw at a time, within a 100-kilometre radius around Regina and a 75-kilometre radius around Gilbert Plains, Manitoba. It’s part of their […]
Grand Opening held for new fertilizer facility in Rosetown

Grand Opening held for new fertilizer facility in Rosetown

Oct 11, 2023 | 4:18pm
A grand opening was held this morning (Wed) for a new fertilizer production facility in Rosetown. The AGT Soileos Production Facility is the result of an ongoing partnership between AGT Foods and Lucent BioSciences. The Protein Industries Canada supercluster also contributed to the project. The facility is being touted as state-of-the-art with “a focus on sustainability, […]
Four Agriculture Groups want review of Bunge-Viterra merger done by the provincial government

Four Agriculture Groups want review of Bunge-Viterra merger done by the provincial government

Oct 6, 2023 | 5:43pm
Four farm groups want the Saskatchewan government to conduct a risk assessment into the proposed merger between Viterra and Bunge. The Agricultural Producers Association of Saskatchewan, SaskCanola, SaskBarley, and SaskWheat sent a joint letter to provincial Agriculture Minister David Marit. Chairperson of SaskWheat Brett Halstead says one of the concerns is less options to sell grain. […]
Three Ag Companies reported increase in earnings

Three Ag Companies reported increase in earnings

Aug 4, 2023 | 2:40pm
Cargill says its fiscal year 2023 revenue increased 7% from a year earlier to $177 billion, the highest ever for the 158-year-old company. Cargill peers Archer-Daniels-Midland and Bunge both also reported solid earnings in their most recent quarters and raised their profit outlooks for 2023. Robust demand for food, animal feed and biofuel, and global supply […]
Bunge Ltd. and Viterra sign deal to merge into one agri-business company

Bunge Ltd. and Viterra sign deal to merge into one agri-business company

Jun 13, 2023 | 10:25am
After weeks of talks, a deal has been signed between Bunge Limited and Viterra to merge. However the deal is subject to approval from Bunge stakeholders and other regulatory approval, which is expected to be complete by mid-2024. Reports say under this agreement, Viterra’s shareholders will receive 65.6 million shares of Bunge, valued at about […]
Report: Bunge Ltd. and Viterra close to finalizing merger

Report: Bunge Ltd. and Viterra close to finalizing merger

Jun 8, 2023 | 2:38pm
The Reuters News Agency is reporting that a potential merger between Bunge Limited and Viterra is imminent. Sources told Reuters that Viterra’s shareholders, which include Glencore, Canada Pension Plan Investment Board and British Columbia Investment Management Corp., may sign off on the deal as soon as this weekend, and an announcement might be made next […]
Farm Credit Canada offering $500-thousand credit line to support producers facing hard financial times

Farm Credit Canada offering $500-thousand credit line to support producers facing hard financial times

May 25, 2023 | 3:03pm
Farm Credit Canada (FCC) is offering support to producers who are facing financial difficulties, including cash flow challenges due to higher-than-average input costs and elevated interest rates. FCC is offering an unsecured credit line up to $500-thousand with loan processing fees waived. Elan Rolufs, Senior District Director with FCC, says it’s available to any producer, […]