Latest Newsletter

Officials from SALIC and Minerva Foods, shown here in a SALIC photo, signed a deal Wednesday for the Saudi firm to take a 19.95 per cent stake in the beef export company. (Salic.com)
Livestock, Markets

Saudi’s SALIC looking for land in Sudan for fodder

By
Dubai | Reuters — Saudi Agriculture and Livestock Co. (SALIC), an arm of the state-owned Public Investment Fund, is looking to buy land in Sudan to grow fodder, chief executive Abdullah Aldubaikhi said in an interview on Saudi-owned Al Arabiya TV on Thursday. He was speaking the day after the company announced it had signed […] Read more
(Cia.gov)
Crops, Markets

India to launch new crop insurance scheme

New Delhi | Reuters — India will launch a new farm crop insurance scheme early next year and use drones and other technologies to assess crop damage, the agriculture minister said Wednesday, in what could be Prime Minister Narendra Modi’s first major move to address rural hardship. The impact of unseasonal rains and two straight […] Read more
(Syngenta.com)
Crops

ChemChina to sweeten bid for Syngenta to $44B

By
Reuters — State-owned China National Chemical Corp. has raised its offer to buy Syngenta by about $2 billion, to US$44 billion, proposing a two-stage takeover of the agrochemical company, Bloomberg reported, citing sources. ChemChina has offered 470 Swiss francs (C$661) per share to buy 70 per cent of Syngenta with an option to acquire the […] Read more
(NSCorp.com)
Crops, Machinery

CP revises hostile bid for Norfolk Southern, again

By ,
Reuters — Canadian Pacific Railway slammed railway Norfolk Southern on Wednesday, accusing it of misleading investors even as CP executives rolled out a new bid with increased shareholder protections to acquire the U.S.-based railroad. Executives from Canada’s second-largest railroad said the deal is now in the hands of Norfolk Southern’s shareholders, and urged its board […] Read more
(NSCorp.com)
Crops, Machinery

Norfolk Southern rejects CP’s revised offer

By
Reuters — U.S. railroad operator Norfolk Southern has formally rejected a revised offer from Canadian Pacific Railway (CP), raising the prospect of a proxy battle. CP shareholder Bill Ackman said last week that CP CEO Hunter Harrison and he have both been sounded out by activists interested in a proxy fight with Norfolk Southern. Ackman […] Read more
A mockup of IFFCO Canada’s proposed urea plant at Becancour, Que. (Guy Beauchesne graphic, IFFCOCan.com)
Crops

Quebec co-ops’ urea plant back on hold

By
Development of a major new nitrogen fertilizer plant in Quebec has returned to the back burner where it lived for much of the past year. The Canadian arm of the Indian Farmers Fertilizer Co-operative (IFFCO) and Quebec agrifood co-operative giant La Coop federee announced Monday they will again halt development work on their planned plant […] Read more
Australia’s GrainCorp, whose Calgary malt plant is shown here, is in on a new joint venture to build Prairie grain handling capacity. (CanadaMalting.com)
Crops, Markets

Japanese co-op, Canada Malting owner make Prairie grain play

By
A major Japanese farm co-operative and the Australian owner of Canada Malting are staking a new joint claim in Canada’s Prairie grain handling sector. Tokyo-based Zen-Noh Grain Corp. (ZGC) and Sydney-based GrainCorp on Monday announced plans to build new grain origination sites in Alberta and Saskatchewan, through a 50/50 Canadian-incorporated joint venture to be based […] Read more
(Portosdobrasil.gov.br via Flickr)
Crops, Markets

Dreyfus, Cargill win Brazil port space

By
Sao Paulo | Reuters –– Louis Dreyfus Commodities and Cargill won an auction on Wednesday to operate a grain terminal at Santos Port for 25 years, while Fibria SA and Marimex won rights to operate pulp areas there leased from Brazil’s government. The three port areas were the first of 93 nationwide that the government […] Read more

Cyber-Savvy Farmer

Glacier Farmmedia Podcast