Vanguard Crop Nutrition Inc. (VCN) has begun construction on a compound fertilizer manufacturing facility in Maitland, Ont. It will be the first of its kind in Canada. The facility will produce fertilizers previously imported to Canada and the U.S. from Russia and Eastern Europe, including ELEVEN Superstart, and future launches Soy7 MAX and Pulse8. Why […] Read more
Tag Archives business — page 2
Vanguard to construct Canada’s first compound fertilizer manufacturing facility
New facility will produce fertilizers currently imported from Eastern Europe and Russia
Hensall Co-op tops $1 billion in sales for first time
First full year of operation for ready-made meals division helps tip the scale
Hensall Co-op has surpassed $1 billion in annual sales for the first time in its 85-year history. It also celebrated another milestone, marking the first full year of operation for its new chilled ready meals line. The achievements were announced at the co-op’s annual meeting Nov. 30. Why it matters: The farmer-owned co-op has more […] Read more
Chronic labour shortages increase national food security risk: study
Labour shortages trigger lost sales, lost contracts and decreased services
Labour shortages are a global issue across every sector, including Ontario’s agri-business, according to a recent survey from the Canadian Federation of Independent Business. “We found that almost two-thirds (61 per cent) of agri-business owners turned to their existing employees to work more hours due to lack of staff,” said Jasmin Guenette, the federation’s vice-president […] Read more
Corteva third-quarter loss narrows on demand for agricultural products
Reuters – Agricultural chemical and seed company Corteva Inc CTVA.N on Thursday posted a smaller-than-expected third-quarter adjusted loss as farmers looked to maximize yields at a time of low global grain supplies. Operating loss was 12 cents per share in the July-September quarter, from 14 cents per share a year earlier. Analysts on average had expected […] Read more
Nutrien cuts 2022 profit forecast again on lower potash prices
Reuters – Nutrien Ltd NTR.TO on Wednesday cut its full-year adjusted earnings forecast for the second time this year as potash prices decline, sending the shares of the world’s biggest fertilizer maker down nearly 5 per cent in extended trading. The company also missed third-quarter profit estimates, hurt by cooling prices of crop nutrients as farmers cut fertilizer application […] Read more
Retiring CEO sees bright future for Gay Lea co-op
Michael Barrett oversaw company’s expansion into goats and other provinces
Michael Barrett, CEO of Gay Lea Foods, will retire early next year and he predicts bright futures both for the producer co-operative and the Canadian dairy sector. Barrett’s successor beginning to ease into her role as the CEO of the 1,400 member dairy producer co-operative on Oct. 31. “I’m not only confident there’s a future […] Read more
Syngenta sales growth eases but still quite robust
Reuters – Swiss agrichemicals and seeds group Syngenta on Thursday logged slightly slower – albeit still robust – growth in sales and core earnings for the third quarter. The Chinese-owned company, which plans to list within the next few months, said sales jumped 20 per cent to $7.9 billion in the three months to the […] Read more
Crop merchant Bunge raises full-year profit outlook
Agricultural commodities trader Bunge Ltd BG.N on Wednesday raised its full-year earnings outlook after posting an adjusted third-quarter profit that topped expectations, sending its shares up about 2 per cent in premarket trading. The improved forecast was attributed to favorable market conditions as tight global crop supplies and strong demand have benefited supply chain middlemen […] Read more
Asian demand for beef to remain strong: JBS CEO
While per-capita consumption is still low, world’s largest meatpacker sees opportunity in region
Reuters – JBS SA, the world’s largest meatpacker, is bullish on the outlook for beef sales to Asian countries, mainly China, as per-capita beef consumption in the region remains low. Speaking on a conference call to discuss second-quarter results, CEO Gilberto Tomazoni said JBS, with its many export platforms, was in a good position to […] Read more
Horsch Ontario hosts opening
A ribbon cutting ceremony with Michael and Cornelia, leaders of Horsch farm equipment, took place at Horsch Ontario’s grand opening July 22 in Norwich, Ont. Farmers and industry representatives from across Ontario took part in agronomic discussions led by company founder Michael Horsch, while enjoying breakfast followed by in-field demonstrations with Horsch Ontario sales reps. […] Read more
Cyber-Savvy Farmer
