The federal government is investing $18.4 million in eight Ontario food manufacturers to help them scale up and expand operations. The recipients of the investment, delivered by FedDev Ontario, are: Ottawa Valley Grain Products, Andriani Ltd., Aspire Bakeries, Baxter’s Bakery, Demetres Manufactory, O’Doughs, Picard Peanuts and Schep’s Bakeries. The announcement was made June 28 at Ottawa Valley […] Read more
Business — page 2
Eight food processing companies scale up and grow in southern Ontario
Global instability affects seed trade
Risks in seed production make it challenging to find enough seed growers
Leaders of international seed organizations and companies warn that various countries’ failure to follow global trade rules could threaten the seed trade and human food security.
Premier Equipment announces cross-border partnership
Southwestern Ontario-based Premier Equipment and U.S.-based Stotz Equipment, both John Deere organizations, announced they have formed a cross-border partnership. In a release, Premier said it welcomes investment to “continue to strengethen capabilities and position both companies for growth.” The partnership marks an industry-first, common ownership of John Deere dealerships on both sides of the U.S./Canadian […] Read more
Former investors seek class action lawsuit against Farmers Edge
Plaintiffs allege they received misleading information prior to the company's 2021 IPO
Former investors in Manitoba-based ag tech firm Farmers Edge have asked the B.C. Supreme Court to certify a class action lawsuit against the company, former leaders and its main shareholder.
Family farms at risk from higher capital gains rates: GGC
Glacier FarmMedia – Looming changes to Canada’s capital gains inclusion rates will increase average taxes by 30 per cent on the country’s family-run grain farms, putting their futures at risk, according to research conducted by the Grain Growers of Canada (GGC). “Our research shows that an average grain farm in Canada, most of which are […] Read more
Family farms at risk from higher capital gains rates: GGC
[UPDATED: June 11, 2024] Glacier FarmMedia – Looming changes to Canada’s capital gains inclusion rates will increase average taxes by 30 per cent on the country’s family-run grain farms, putting their futures at risk, according to research conducted by the Grain Growers of Canada (GGC). “Our research shows that an average grain farm in Canada, […] Read more
Parkhill Meats to add processing facility
Parkhill Meats is expanding its business with the construction of a new processing facility in Middlesex County. The company held a groundbreaking ceremony at the site of the new facility last week, the BFO said in a release. The ceremony was attended by Ontario’s Agriculture Minister, Lisa Thompson; Steve Pinsonneault, MPP for Lambton-Kent-Middlesex; Liane Rood, […] Read more
Maple Leaf Foods to close Brantford plant
Maple Leaf Foods is closing its Brantford, Ontario plant and consolidate most of its Further Processed Poultry (FPP) production into its existing plant network through early 2025. Earlier this year, the company determined that this 100-year-old facility would likely require significant ongoing investment to continue long-term operations. “The decision to close any plant is one […] Read more
Grain storage decisions more complex than pure economics
Trying to save tax by delaying sales can be a treadmill you can’t get off
A paper, titled “Commodity Storage and the Cost of Capital: Evidence from Illinois Grain Farms,” says higher capital costs — mostly made up by the interest on borrowed money that could be covered by grain sales — affect the storage decisions of some but not all farmers.
Metro Ontario expands its beef sustainability sourcing
Metro Ontario has achieved its 2022 sourcing commitment to buy three million pounds of beef from Canadian Roundtable for Sustainable Beef (CRSB) Certified farms and ranches by 2026, ahead of schedule. The grocer said in a release that from now on, the CRSB Certified Mass Balance mark will be displayed on all beef products across […] Read more
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