University of Guelph — Ontario has lost 319 acres of farmland a day since 2016, according to the recently released 2021 Census of Agriculture. The number of small- to medium-sized farms is decreasing while the number of larger farms is increasing. These numbers show some family farms’ difficulties in maintaining a viable agricultural livelihood. But […] Read more
Tag Archives business — page 3
Diversifying on-farm land use
Farmers look for municipal guidance when diversifying operations
Corteva raises forecast as demand for seeds, crop protection products booms
Bengaluru | Reuters – Corteva Inc CTVA.N on Thursday raised its full-year sales and profit forecasts as the crop protection products maker benefits from surging demand from farmers looking to cash in on higher prices since the Ukraine war. The company, which reported a 14 percent jump in second-quarter operating earnings, also unveiled plans to exit some […] Read more
Bayer’s agriculture unit, consumer health drive outlook hike
Frankfurt | Reuters – Agriculture and pharmaceuticals company Bayer BAYGn.DE on Thursday lifted its 2022 earnings guidance on strong demand from farmers for its seeds and crop chemicals and higher sales of consumer health products. Bayer is now targeting earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special items, of about 13 billion […] Read more
Mosaic sees fertilizer demand supported by tight crop supplies into 2023
Reuters – Mosaic Co MOS.N said on Monday it expects tight grain and oilseed markets into 2023, encouraging the continued use of fertilizers despite their surging costs. “The war in Ukraine, high temperatures in North America and Europe, and developing drought conditions in parts of South America highlight the risk for reduced yields globally,” Mosaic said. […] Read more
Comment: The dangers of big data extend to farming
If agriculture data isn’t protected, a handful of powerful companies will shape food production for their own benefit
Most internet users are by now aware of the vulnerability of their personal data. When the news broke that tech companies misuse and manipulate our personal data, there was a widespread “techlash” against the corporate giants Facebook, Amazon and Google. The explicit motive for data harvesting is the prediction of consumer wants and needs. And […] Read more
CNH Industrial beats profit estimates, confirms outlook despite recession fears
Milan | Reuters – Agricultural and construction machine maker CNH Industrial CNHI.MI beat estimates on Friday with a 14 percent rise in industrial operating profit in the second quarter and confirmed its full year outlook despite bracing for a global recession. “Whether we face a global recession in 2023 is up for debate, but we […] Read more
AMC and Bioenterprise Canada sign MOU
The Agricultural Manufacturers of Canada (AMC) and Bioenterprise Canada, Canada’s Food & Agri-Tech Engine, have agreed to work together to support the development of world-class agricultural technology. The two organizations have signed a Memorandum of Understanding (MOU) to collaborate on innovation opportunities and provide commercialization services to innovative start-ups, entrepreneurs, research organizations and firms in […] Read more
Weed failing in the face of demand
Production challenges and overexpansion means some large cannabis companies face financial reckoning
Forget waterhemp – cannabis might be Canada’s fastest spreading weed. Since legalization in October of 2018, cannabis production in Ontario and across the country has exploded. From oils and edibles to dried flowers and other products, consumer demand for what was once a morally and legally maligned product continues to rise. But while legal cannabis […] Read more
Editorial: Big food investments growing in agriculture
Ten years ago, the news that a food company such as McCain Foods Ltd. purchased predictive crop technology company Resson would have raised a few eyebrows. Many may have wondered what a company known for its frozen French fries would want with a company that develops digital technology for farmers. But in recent years, such […] Read more
‘Off the charts’ chemical shortages hit U.S. farms
Tight supplies force some farmers to change plans, find alternatives where they can
Reuters – U.S. farmers have cut back on using common weedkillers, hunted for substitutes to popular fungicides and changed planting plans over persistent shortages of agricultural chemicals that threaten to trim harvests. Spraying smaller volumes of herbicides and turning to less-effective fungicides increase the risk for weeds and diseases to dent crop production at a […] Read more
Cyber-Savvy Farmer
