CNS Canada — Canadian farmers could be set to seed record-large canola acres in 2017, while wheat area is generally expected to be down on the year when Statistics Canada releases its first survey-based acreage estimates of the year on Friday. From a purely economic standpoint, “canola is historically the commodity that pays the bills,” […] Read more
Trade sees record Canadian canola acres as possibility
Tax treatment of deferred grain cash tickets under review
Grain growers in Canada who take deferred cash purchase tickets for crops are being asked whether it’s time to get rid of the rule that allows income from those tickets to be put off to the following tax year. Tucked into federal Finance Minister Bill Morneau’s budget on Wednesday was an announcement of public consultation, […] Read more
Higher prices could give flax acres a chance
CNS Canada — Strong demand for Canadian flax, combined with small production, has driven prices up, which could tempt producers making seeding choices this spring. Last year, the amount of flax seeded in Canada was down about a third from the previous growing season. As a result, stocks are short, despite large carryover. Demand, however, […] Read more
Prince Rupert expansion to handle crop containers
A Montreal logistics firm specializing in loading pulses and grains into containers for export out of Vancouver and Montreal plans to set up shop at Prince Rupert. The Prince Rupert Port Authority on Monday announced Ray-Mont Logistics is developing a logistics and container loading facility at the south end of the West Coast port’s Ridley […] Read more
French MNAs take EU-Canada trade deal to court
Paris | Reuters — More than 100 French left-wing lawmakers decided Tuesday to appeal to the country’s Constitutional Council to block a contentious free trade deal between the European Union and Canada. Supporters of the Comprehensive Economic and Trade Agreement (CETA) say it will boost economic growth and jobs on both sides of the Atlantic. […] Read more
FCC launches new loan for young agri-businesspeople
Canada’s federal farm lending agency is expanding its loan offerings in agribusiness and agrifood with a new program aimed at young businesspeople. Farm Credit Canada’s Young Entrepreneur Loan, launched Thursday in Ottawa during Canada Agriculture Day celebrations, will offer financing of up to $1 million per qualified applicant under age 40, at closed variable rates […] Read more
EU, Canada secure clearance to kick-start free trade deal
Strasbourg | Reuters — The European Union and Canada secured clearance on Wednesday for their contentious free trade deal and the removal of import duties that supporters say will boost growth and jobs on both sides of the Atlantic. The two parties can claim a success for their open markets policy after months of protest […] Read more
Trump expects only ‘tweaking’ of trade relationship with Canada
Washington | Reuters — U.S. President Donald Trump said on Monday the country would be “tweaking” its trade relationship with Canada, stopping short of calling for a major realignment in a development likely to please visiting Canadian Prime Minister Justin Trudeau. Trump has pledged to renegotiate the North American Free Trade Agreement (NAFTA) linking the […] Read more
Four food firms said preparing bids for Weetabix
London | Reuters — The third-biggest U.S. cereal company, Post Holdings, and the U.K.’s Associated British Foods are among a group of four bidders vying for British cereal brand Weetabix, sources familiar with the matter said Friday. The 84-year-old business could fetch at least 1.5 billion pounds (C$2.48 billion), based on a valuation of more […] Read more
Key European body backs EU-Canada trade deal
Brussels | Reuters — A planned EU-Canada free-trade deal moved closer to reality on Tuesday after a key committee advised the European Parliament to give its backing after months of protests and heated debate. The EU-Canada Comprehensive Economic and Trade Agreement (CETA) is seen as a test of Europe’s ability to forge future trade accords […] Read more
Cyber-Savvy Farmer
