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File photo of Rabobank’s office building in Utrecht. (Rabobank.com)
General

Rabobank to offer Canadian farm-level lending

Dutch co-operative bank's Canadian arm to loan directly to farmers, starting on Prairies

By ,
Updated — A global financing firm operating at higher altitudes in Canada’s food and agrifood sector now plans to expand its business down to the farm and ranch level. The Canadian arm of Rabobank — an Amsterdam-based farmer co-operative lender, providing banking, leasing and real estate services in more than 38 countries — announced Tuesday […] Read more
CBOT March 2023 oats with 20- and 100-day moving averages. (Barchart)
Crops, Markets, Oats

Oats face an uncertain year

Reduced acres expected in 2023

By ,
MarketsFarm — When comparing oat prices at the start of 2023 compared to one year ago, they appear to be night and day. Despite modest price increases over the past month, some western Canadian oat bids are less than half of what they were last year. In Alberta, the high-delivered bid for oats as of […] Read more
Flooding from the Salinas River forces the closure of a road at Salinas, California on Jan. 12, 2023. (Photo: Reuters/Nathan Frandino)
Crops, Reuters, Weather

California picks up debris from latest storm, braces for next

Also: Why all this rain won't end California's drought

By ,
Sacramento | Reuters — Rain-soaked Californians took advantage of a break in a weeks-long deluge to haul away dead trees, restore downed power lines and prepare new stacks of sandbags before another series of storms hits the state beginning Friday. In Monterey County along the state’s central coast, communities near the still-rising Salinas River were […] Read more
A drone photo from the Sampona commune of Madagascar on Feb. 11, 2022, shows Zebu cattle drinking water from a large puddle created from Cyclone Batsirai. The island nation’s south has been experiencing severe drought for the past four years, putting it in danger of what the World Food Programme calls “the world’s first climate change famine.” (Photo: Reuters/Alkis Konstantinidis)
General, Reuters, Weather

Last year tied as world’s fifth-warmest on record, U.S. scientists say

Global CO2 emissions continue to rise

By ,
Brussels | Reuters — Last year was the world’s joint fifth-warmest on record and the last nine years were the nine warmest since pre-industrial times, putting the 2015 Paris Agreement’s goal to limit global warming to 1.5 C in serious jeopardy, U.S. scientists said on Thursday. Last year tied with 2015 as the fifth-warmest year […] Read more
Photo: iStock/Getty Images
General, Markets, Reuters

Mintec acquires Agribriefing to expand agrifood data offering

By ,
Paris | Reuters — British market intelligence firm Mintec announced on Tuesday the acquisition of Agribriefing in a deal it said would create a leading global provider of data on agricultural and food markets. Financial details were not disclosed. Agribriefing’s businesses include protein price-reporting agency Urner Barry and crop consultancy Strategie Grains, the latter acquired […] Read more
Close-up of a McDonald’s double Quarter Pounder with bacon. (Corporate.mcdonalds.com)
Beef Cattle, Livestock, Markets, Reuters

McDonald’s reported set to exit Kazakhstan on Russia war spillover

By ,
Reuters — McDonald’s Corp. is set to abandon Kazakhstan as disruptions triggered by the Ukraine crisis have left the nation without a substitute for Russian meat supplies, Bloomberg News reported Wednesday, citing people familiar with the matter. The fast-food giant, which exited Russia in May, banned its local franchisee from procuring meat patties from Russian […] Read more
Undated image of a participant at the fall ag fair at Rocklyn, Ont., about 40 km southeast of Owen Sound. (Ontario Visited video screengrab via YouTube)
General

Ontario trims minimum memberships for ag, hort societies

Eligibility thresholds for provincial operating grants lowered

By ,
Rules taking effect with the new year are expected to make it easier for Ontario agricultural and horticultural societies to qualify for provincial grants in the face of a membership crunch. The province on Friday confirmed amendments to regulation 16, attached to its Agricultural and Horticultural Organizations Act, kick in effective Sunday (Jan. 1, 2023). […] Read more
File photo of vineyards and countryside at Samaipata in the foothills of the Bolivian Andes. (Jef Wodniack/iStock/Getty Images)
Crops, Reuters

Bolivia farm region blocks borders, grain transport in protests

By , ,
Santa Cruz/La Paz | Reuters — Protesters in Bolivia’s farming region of Santa Cruz are blocking highways out of the province, threatening to snarl the domestic transport of grains and food, as anger simmers following the arrest of local governor Luis Camacho. The region, a stronghold of the conservative opposition to socialist President Luis Arce, […] Read more
Justine Hendricks, shown here in a 2019 video, is the new CEO of Farm Credit Canada. (Elevate International video screengrab video via YouTube)
General, Markets

EDC executive to lead Farm Credit Canada

Justine Hendricks to replace retiring Michael Hoffort

By ,
Canada’s federal farm lender is importing its next chief executive from Export Development Canada. Federal Agriculture Minister Marie-Claude Bibeau on Wednesday announced the appointment of Justine Hendricks, EDC’s senior vice-president and chief corporate sustainability officer since 2019, as FCC’s new CEO effective Jan. 30, 2023. As CEO, Hendricks replaces Michael Hoffort, an FCC staffer since […] Read more

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