Agri-business

In it’s report on the proposed Bunge-Viterra merger, the Competition Bureau of Canada says it is likely the merger would reduce competition for grain buying in the Prariries and the sale of canola oil in Eastern Canada. The Bureau also said Bunge could influence the behaviour of G3, which operates grain elevators in the same […]

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 […]

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 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. […]

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 […]

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 […]

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 (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, […]