Reading Time: 6 minutes Users of the Samsung Galaxy S20 phone will be the first to have access to 5G technology in Canada. Rural residents and farmers will have to wait much longer – if the technology ever arrives. Rogers announced in early March that it is rolling out 5G networks in Toronto, Vancouver, Ottawa and Montreal, with 20 […] Read more
Tag Archives Business/Finance
5G and the future of farming
The challenges of moving a new technology into rural areas could create new partnerships and opportunities
Ideas conference goes virtual due to COVID-19
Reading Time: < 1 minute Alltech is making its large ONE: The Alltech Ideas Conference a virtual event for 2020. The feed and inputs company hosts about 3,500 attendees from 70 countries in Kentucky for the conference each year to explore ideas and solutions for the global food supply chain. It is scheduled for May 17-19. “Our first priority remains […] Read more
Large global soybean supplies continue to weigh on prices
Late March USDA report expected to be bearish for corn, soybeans
Reading Time: 6 minutes Ontario wheat, corn and soybean prices have been somewhat immune to the meltdown in the world financial and commodity markets. Ontario corn and soybean prices are relatively unchanged from last month while wheat prices are down approximately 20 cents/bushel on average. The March Canadian dollar dropped to 72.67 U.S cents on March 9, the lowest […] Read more
Ontario’s Agricorp prioritizing ‘distress’ calls
Reading Time: < 1 minute Ontario’s provincial farm program delivery agency is putting priority on “situations of financial distress” as it enters “business continuity” mode. Agricorp said its program coverage options for 2020 “will not be affected, but may be delayed.” Staff are now working from home locations “where possible,” but farming customers with “urgent” requests are asked to continue […] Read more
The importance of meetings
Taking the step of getting together is a critical first move in happy succession
Reading Time: 3 minutes The need for better communication and holding proper meetings with advisers and family members were stressed as key factors to successful farm ownership transfers, at a recent farm transition meeting. Farm financial and legal experts gathered in London, Ont. recently for the Canadian Association of Farm Advisors’ Farm Transition Update. “I believe the business needs […] Read more
Branded beef becoming the market standard
Beef brands are helping Ontario product in Japan, but also imported product in Ontario
Reading Time: 3 minutes Exports, taking advantage of Ontario’s strong market and building long-term brands will be key to the future of beef market growth for Ontario producers. Work is underway on a major new marketing investment in the province. Beef farmers approved an increase in checkoff at the 2019 Why it matters: Ontario beef farmers approved a higher […] Read more
Beef farmers reaching crisis point: BFO
Beef farmers looking for federal government assistance
Reading Time: 3 minutes There’s high demand for Ontario beef domestically and globally, but farmers have limited options for processing cattle and are struggling to stay afloat. Ontario’s 19,000 beef farmers are passionate about raising cattle, but the last year has been tough for all of us. A perfect storm of market and trade disruptions has caused average weekly […] Read more
U.S. cash farm income expected to slump as government aid drops
Crop farmers are expected to face continued pressure from low prices
Reading Time: 2 minutes Reuters – U.S. net cash farm income will fall 11 per cent this year as production costs rise and government aid programs set up to assist producers during the U.S.-China trade war wind down, according to a U.S. Department of Agriculture forecast issued on Feb. 5. The drop, of $13.1 billion in inflation-adjusted 2020 dollars, […] Read more
Open Food Network targets small-scale e-commerce
Not-for-profit platform now available in 12 countries
Reading Time: 3 minutes Food, unincorporated. That’s the tagline atop the website of the Canadian version of a 12-country digital commerce platform for small-scale farmers. Theresa Schumilas of Open Food Network (OFN) Canada, told those attending a Jan. 25 seminar at the Guelph Organic Conference that the platform is free for those selling less than $500 in produce per […] Read more
The challenge with fluid milk
Processors struggle with fluid milk profitability while dairy farmers work hard to rebuild the market
Reading Time: 3 minutes The profit and loss for fluid milk in Ontario is “already bust,” says a dairy processing company executive. Mark Taylor, president and chief executive officer of Lactalis Canada, the parent company of Parmalat, told the annual meeting of Dairy Farmers of Ontario that fluid milk consumption had a large drop in 2013 and has stagnated […] Read more
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