Case IH equipment dealers Stoltz Sales & Service and Hub International are merging their two organizations to form Equipment Ontario, effective Dec. 1, 2021. Together they will service more than 16 counties with dealership locations in Elmira, Lindsay, Listowel, Mildmay, and Port Perry. A future location in Simcoe County is planned. In a press release, […] Read more
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Stoltz Sales & Service and Hub International merge to form Equipment Ontario
Bunge raises 2021 profit outlook on higher food, renewable fuel demand
Bunge Ltd reported stronger-than-expected third-quarter results and raised its full-year profit outlook on Wednesday for a third time this year amid improved demand for food and renewable fuel as pandemic restrictions have eased. Although volumes in the U.S. agricultural commodities trader’s core agribusiness and its refined and specialty oils units were down, robust oilseed processing […] Read more
ADM profit more than doubles on strong crush margins, vegoil demand
Global grain trader Archer-Daniels-Midland Co said on Tuesday its third-quarter profit more than doubled, as strong oilseed crushing margins and rising vegetable oil demand boosted its core agricultural services and oilseeds unit. The Chicago-based U.S. grains merchant is anticipating the favorable demand and margin environment to continue supporting results in the fourth quarter and foresees […] Read more
Italy vetoes sale of seed producer to Chinese-owned Syngenta
Rome | Reuters – Italy has prevented Chinese-owned group Syngenta from buying vegetable seed producer Verisem, government officials said, underscoring Prime Minister Mario Draghi’s commitment to shield key assets from unwanted foreign bids. The decision, made at a cabinet meeting on Oct. 19 but not yet made public, marks the first time Italy has vetoed […] Read more
Premier Equipment merges Listowel and Mount Forest operations
Premier Equipment is merging its Mount Forest and Listowel staff together in a new facility. The merging of the Listowel and Mount Forest teams is the first of a series of changes and investments that the dealership is making in its infrastructure over the next number of years. The company has a number of other […] Read more
Libro invests in ag-venture capital fund Emmertech
Innovation investment in southwestern Ontario aims to drive agriculture technology growth
The nexus where agriculture, agribusiness and technological innovation meet has financial support in Emmertech, a Canadian agriculture tech capital venture fund. “The Canadian venture capital playbook doesn’t work within the ag-tech industry as it does other industries,” said Sean O’Connor, managing director, Conexus Venture Capital Inc. (CVC). “So we’ve thrown it out and are building […] Read more
Corteva launches Brazil biotech soy, tackles Bayer head-on
Sao Paulo | Reuters – Corteva Agriscience said on Aug. 9 it will start selling biotech soybean seeds in Brazil, as it seeks to bolster its presence in the world’s largest producer of the oilseed and tackle German rival Bayer AG. Corteva said its Enlist soybean seeds can resist three weed killers including glyphosate, ammonium […] Read more
Cargill, Continental Grain to buy chicken producer Sanderson Farms for $4.5 bln
Reuters – Commodities trader Cargill Inc and agricultural investor Continental Grain Co will buy chicken producer Sanderson Farms Inc for $4.53 billion, the companies said on Monday, at a time when meat prices have been soaring due to strong demand. The deal would see Sanderson Farms, the third-largest poultry producer in the United States, join […] Read more
Corteva lifts sales forecast on strong demand for crop protection products, seeds
Reuters – Corteva Inc on Thursday raised its net sales forecast for the year after strong demand for crop protection products such as herbicides and insecticides helped the agricultural company beat estimates for the second quarter. Corteva also announced a new $1.5 billion share repurchase program, in addition to a $1 billion buyback announced in 2019, […] Read more
Bayer Q2 misses forecasts as costs, forex effects bite
Frankfurt | Reuters – Bayer shares fell to their lowest levels in more than seven months after the German agricultural and pharmaceuticals group reported lower-than-expected second-quarter core earnings due to higher production costs and currency headwinds. Second-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) before special items fell 10.6 percent to 2.58 billion euros ($3.05 billion), […] Read more
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