

CN shareholder urges changes to Kansas City Southern deal
Fund manager also holds stake in CP
Reuters — Billionaire hedge fund manager Chris Hohn on Tuesday urged Canadian National Railway to abandon its $33.6 billion bid for Kansas City Southern unless the Canadian railway changed its agreement to drop a key feature that could invite more regulatory scrutiny. Hohn’s TCI Fund Management, which has a 2.93 per cent stake in CN, […] Read more

Federal NDP introduces soil health bill
Proposal calls for a National Soil Health Advocate
The federal New Democrats propose to set up a plan they say could help build up Canadian agriculture from the ground down. The NDP’s agriculture critic, British Columbia MP Alistair MacGregor, on Monday introduced a private member’s bill in the Commons to create a national soil health strategy for Canada. The strategy as proposed in […] Read more

Rail shippers pick sides as CP, CN bid for Kansas City Southern
Richardson, Conagra among firms supporting both bids
Winnipeg | Reuters — North America’s freight rail customers, from grain shippers to logistics companies, are choosing sides as Canadian Pacific Railway and Canadian National Railway fight to buy Kansas City Southern. A takeout of KCS would be the first major North American railroad combination in more than 20 years and create the first network […] Read more

CN challenges CP with Kansas City Southern bid
KCS shareholder warns U.S. regulator 'doesn't like overlap'
Reuters — Canadian National Railway said on Tuesday it had offered to buy Kansas City Southern railroad for about US$33.7 billion, sending shares of the U.S. rail company soaring as investors anticipated a bidding war with Canadian Pacific Railway. CP had agreed a deal to acquire Kansas City Southern for about $25 billion last month […] Read more

Conservatives’ new climate plan puts price on carbon
New poll ranks carbon tax costs highest among farmers' springtime concerns
Canada’s ag sector is expected to serve as a carbon sink, a renewable fuel source and a beneficiary in the federal Conservative Party’s new climate change plan — which now includes putting a price on carbon. Party leader Erin O’Toole announced the new plan Thursday — after a long campaign of vehemently opposing such policy. […] Read more

Prairies hit hard by drought
Parts of south-central, southwestern Manitoba among driest
MarketsFarm — A new nationwide drought map released by Agriculture and Agri-Food Canada’s Canadian Drought Monitor (CDM) shows just how dry conditions are in the Prairies, especially in Manitoba and Saskatchewan. Areas in southern Manitoba and southern Saskatchewan have experienced at least six months of drought conditions, according to CDM’s drought assessment as of March […] Read more

Manitoba’s education tax phase-out begins
Budget pledges a 25 per cent rebate cheque in 2021; existing farmland school tax rebate to be reduced
Manitoba’s latest budget follows through on a move the government telegraphed in last fall’s throne speech, by starting a phased removal of education tax on farm and residential properties. Finance Minister Scott Fielding’s budget, released Wednesday, calls for about $248 million in education tax rebates in 2021 alone for about 658,000 property owners. Owners of […] Read more

Comment: The problem or the solution?
March saw a flurry of press releases and articles related to climate change, the environment and agriculture. Notably, the Weston Family Foundation allocated $25 million to preserving grasslands over the next five years (see News Roundup). A pilot project for a carbon offset protocol that encourages grassland retention is also underway. This carbon offset protocol […] Read more

Canadian Pacific to buy Kansas City Southern in bet on trade
Biggest North American rail deal ever valued at US$25 billion
Reuters — Canadian Pacific Railway (CP) agreed on Sunday to acquire Kansas City Southern in a US$25 billion cash-and-stock deal to create the first railway spanning the United States, Mexico and Canada, standing to benefit from a pickup in trade. It would be the largest ever combination of North American railways by transaction value. It […] Read more

Ag equipment maker buys WHL’s Regina Pats
Brandt takes full ownership of hockey club
Regina-based machinery manufacturer the Brandt Group is levelling up from partner to full owner of the Western Hockey League’s Regina Pats. Brandt, which since 2005 has held the naming rights to the Pats’ home arena, Brandt Centre — formerly the Regina Agridome — said Friday it has approval from the league’s board of governors and […] Read more