EU food producers set for more cash to help with Russian ban — September 17, 2014

Brussels | Reuters – EU officials are drawing up new measures to help food producers hit by a Russian ban on agricultural imports and will publish them over the coming days, the European Commission said. Moscow in August imposed a one-year embargo on meat, fish, dairy, fruit and vegetables from the U.S., the European Union, […]

FCC again extends loan plan for young farmers — August 28, 2014

Canada’s federal farm lending agency has held over its Young Farmer Loan program for a third year and again boosted the program’s budget commitment. Farm Credit Canada said Thursday it will continue the program, which grants loans to eligible producers under age 40 for up to $500,000 to buy or improve farmland and buildings. The […]

Burger King, Tim Hortons reach deal on marriage — August 26, 2014

Two days after confirming their talks on the idea, Canada’s biggest quick-service restaurant (QSR) chain and the world’s second-biggest burger chain have lined up their US$15.5 billion merger deal. Burger King Worldwide and Tim Hortons on Tuesday announced a “definitive agreement” to combine the world’s fourth- and eighth-biggest QSR firms into the No. 3 spot, […]

Burger King throne would move north in Timmy’s merger — August 25, 2014

The world’s second-biggest burger chain is in talks with Canada’s biggest quick-service chain on a merger into a new Canadian-based company. Burger King Worldwide and Tim Hortons confirmed their talks Sunday, following a report in that day’s Wall Street Journal. The U.S. paper reported the Miami-based burger firm plans a “tax inversion” deal to move […]

U.N. food body says Gaza farms devastated by fighting — August 14, 2014

Rome | Reuters — The conflict in Gaza has caused serious damage to crops, herds and fishing as well as greenhouses and irrigation systems, bringing food production to a halt and sending prices sharply higher, the United Nations food body said on Thursday. The Rome-based Food and Agriculture Organization (FAO) said in a statement that […]

European farmers feel Russian sanctions’ bite — August 10, 2014

London | Reuters – European dairy firms halted production of cheese and butter destined for Russia and Norwegian salmon prices fell, as a wide array of small fresh food producers felt the first impact from Moscow’s tit-for-tat ban on their goods. Russia stopped imports of most food from the West on Thursday in retaliation for […]

Russia ban offers big opportunity for Brazil — August 7, 2014

Sao Paulo/Brasilia | Reuters – Russia’s ban on many western food products presents a massive opportunity for meat and grain exports from agricultural powerhouse Brazil and a smaller one for its Latin American neighbours. Around 90 new meat plants in Brazil were immediately approved to export beef, chicken and pork to Russia and the South […]

U.S. forecaster lowers chance of El Nino in autumn — August 7, 2014

Reuters — A U.S. weather forecaster scaled down its estimate for the chances of the El Nino weather phenomenon occurring during autumn and early winter in the Northern Hemisphere to 65 per cent, from an earlier estimate of 80 per cent. The Climate Prediction Center (CPC), an agency of the National Weather Service, had made […]

Cargill Q4 profit falls on exchange rate loss — August 7, 2014

Reuters — Top global commodities trader Cargill said Thursday its quarterly earnings fell as drought limited farm services opportunities in the U.S. and due to a loss stemming from the drop in the value of Venezuela’s currency. Minneapolis-based Cargill was also stung by elevated rail shipping costs and railcar shortages in the northern U.S. Plains […]