Reuters — German drugs and crop chemicals group Bayer, which has made a US$62 billion bid for U.S. seeds company Monsanto, has secured a 60 billion-euro (C$87.75 billion, or US$66.9 billion) loan facility, business journal Handelsblatt reported Thursday. The loan facility can be expanded up to 75 billion euros (C$109.68 billion, or US$83.62 billion), the German […] Read more
Potatoes
Bayer secures loan facility to fund Monsanto bid
Proposals for irradiating ground beef back on table
Regulations to allow Canadian beef processors to irradiate fresh and/or frozen raw ground beef for food safety purposes will soon be up for public comment. Health Canada on Monday served notice it will soon propose amendments to its Food and Drug Regulations that would add fresh and frozen ground beef to its list of allowed […] Read more
Canadian firm to buy Taco Time, Cold Stone parent
A Montreal company known for mall food court and quick-service restaurant brands across Canada is set to buy a major U.S. player in the same sectors. MTY Food Group, which owns or holds franchises for 40 brands including Mr. Sub, Cultures, La Cremiere, Extreme Pita, Country Style, Yogen Fruz, TCBY and others, announced Wednesday it […] Read more
Fertilizer prices look to rise by late summer
CNS Canada — A rise in prices for soybeans and other crops could make fertilizer more expensive in the coming months, according to a major player in the industry. In the May market report from the Mosaic Co., the company credited the rally in agricultural commodity prices, the strengthening of key currencies and various Indian […] Read more
U.S. grain firms rejecting GMO crops that lack global approval
Reuters — Across the U.S. Farm Belt, top grain handlers have banned genetically modified crops that are not approved in all major overseas markets, shaking up a decades-old system that used the world’s biggest exporting country as a launchpad for new seeds from companies such as Monsanto. Bold yellow signs from global trader Bunge are […] Read more
EU crop chem firm takes stake in Engage Agro
A Belgian crop protection firm may bring some of its products to Canada’s vegetable, vine and corn markets as it moves to take a minority stake in Canadian crop chemical distributor Engage Agro. Belchim Crop Protection announced last week it will take a “significant” but undisclosed minority stake in Guelph-based Engage Agro for an undisclosed […] Read more
Nova Scotia pledges food donation tax credit in budget
A tax credit for Nova Scotia farmers who donate produce to local food banks is among the policy plans laid out in the province’s latest budget. Finance Minister Randy Delorey’s budget on Tuesday showed an overall $17.1 million net surplus position on $10.15 billion in total expenses and $10.26 billion in total revenues (minus $110.3 […] Read more
Saskatchewan ag minister, ag critic return in election
Saskatchewan’s agriculture minister and opposition ag critic both easily held their ridings Monday night as the governing Saskatchewan Party completed its electoral hat trick. By about 1 a.m. Tuesday, Premier Brad Wall’s Saskatchewan Party had won 51 of 61 ridings, for a third straight majority mandate coming out of Monday’s general election. The opposition New […] Read more
ConAgra, Kellogg, Mars to label for GMOs in U.S.
Reuters — ConAgra Foods has joined other food giants in plans to use labels that disclose the presence of genetically modified organisms or GMOs in its food throughout the U.S. ConAgra and other food companies such as Campbell Soup and General Mills have decided to use such labels nationwide, finding it to be the easiest way […] Read more
Diesel prices seen staying lower
CNS Canada –– Diesel prices in Canada are expected to stay relatively cheap this spring despite some recent strength in the crude oil market. In a normal cycle, diesel prices would usually be on the move right now, but they have been mired at their current level for the last few months, according to Tom […] Read more
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