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General, Markets

Farm cash receipts up in 2020

Crop receipts and direct payments up, livestock slightly lower

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MarketsFarm — New data from Statistics Canada on Tuesday showed Canadian farm cash receipts went up in 2020, despite the COVID-19 pandemic, on the strength of rising crop prices and exports. The total value of farm cash receipts in the country totalled $71.7 billion in 2020, an 8.1 per cent increase from the previous year. […] Read more
General, Markets, Reuters

U.S. Senate confirms Vilsack as Biden’s ag secretary

Pandemic leaves USDA 'a lot of work to do'

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Reuters — The U.S. Senate on Tuesday confirmed Tom Vilsack to head the Department of Agriculture, returning the former Iowa governor to the job he held under ex-President Barack Obama. The 100-member Senate approved Vilsack 92-7. He needed a simple majority in the Democratic-controlled chamber to be confirmed. As secretary of the sprawling department, Vilsack […] Read more
General, Markets

Canada hails new WTO chief

Trade body names first African, and first female, DG

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Canada is lending its support to the World Trade Organization’s (WTO) choice for its new director general. Ngorzi Okonjo-Iweala was chosen Feb. 15 by WTO members as the international trade body’s new head, making her the first woman and the first African to serve in the role. Mary Ng, Canada’s minister of small business, export […] Read more
General, Machinery, Markets

Advisory council named to steer national Food Policy

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Development of Canada’s Food Policy is taking a major step forward with the naming Friday of a new advisory council featuring industry, academic and government members tasked with guiding the policy. Public consultations on a “Food Policy for Canada” started in 2017, leading to the release of a 2018 report from Agriculture and Agri-Food Canada […] Read more
Crops, Markets, Reuters

Cash-strapped pot producers raise billions in market rally

Cannabis firms seen as down in the weeds until recent surge

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Reuters — A political shift in the United States has unlocked an estimated US$1.38 billion jackpot for struggling pot producers who have cashed in on a surge in their shares since President Joe Biden’s election in November. Cannabis producers have issued stock worth this amount in the first five weeks of 2021, investment firm Viridian […] Read more
Crops, Reuters

Pot producer Canopy Growth sees profit in 2022

Costs cut, revenue increasing

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Reuters — Canopy Growth Corp., the world’s largest pot producer, said on Tuesday it expects to turn a profit in the second half of 2022 after aggressive cost-cutting and higher demand for cannabis products helped narrow third-quarter losses. Canadian pot producers have been under pressure from investors seeking returns as profits remain elusive due to […] Read more
Crops, Reuters

People growing too much pot at home, Health Canada warns

Pressure on to prevent abuse of home-grow program

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Reuters — Health Canada on Thursday raised concerns about the large quantity of medical marijuana people were growing at home, after its data showed a significant jump in daily average production permitted by health care practitioners. While the practitioners can allow registered patients to grow a limited amount at home for personal use, the regulator’s […] Read more
Crops, Machinery, Weather

New greening programs planned for ag alongside carbon tax hike

Carbon price to hit $170 per tonne by 2030

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A new federal climate plan which further cranks up taxes on carbon emissions also includes pledges of new programs to help sink more carbon into farmland. The government on Friday released the sequel to its 2016 Pan-Canadian Framework on Clean Growth and Climate Change — a “strengthened” climate plan, titled A Healthy Environment and a […] Read more
General, Markets, Reuters

U.S. border restrictions to last a long time yet, Trudeau says

COVID would need to be 'significantly more under control'

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Ottawa | Reuters — Canada will not agree to lifting a ban on non-essential travel with the United States until the coronavirus outbreak is significantly under control around the world, Prime Minister Justin Trudeau said on Tuesday. Trudeau’s comments were a clear indication that the border restrictions will last well into 2021. The two neighbours […] Read more
General, Markets, Reuters

Britain, Canada agree on post-Brexit rollover trade deal

Tailor-made comprehensive pact expected to follow

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London/Toronto | Reuters — Britain and Canada struck a rollover trade deal on Saturday to protect the flow of almost $35 billion-worth of goods and services between them after Brexit, and vowed to start talks on a bespoke agreement next year. As Britain prepares to end its transition out of the European Union on Dec. […] Read more

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