Canada’s biggest grain handler plans a share sale worth an expected $400.4 million, partly to finance “future acquisitions.” Viterra said Monday it will sell 28.6 million common shares at $14 a share to an underwriters’ syndicate led by TD Securities and Genuity Capital Markets, with an option for another 4.29 million shares at the same […] Read more
Viterra to raise $400M, go shopping
Atlantic Beef cuts weekly slaughter: CBC
About 30 workers at Prince Edward Island’s Atlantic Beef Products have been laid off as the plant cuts back its weekly slaughter, CBC reported Friday. The weekly slaughter has been reduced to 280 head, down from over 400, as a cost-control measure, CBC said, noting that the plant has recently been losing about $250,000 a […] Read more
CN takes slight drop in Q1 net
A 10 per cent rise in grain freight revenue over 2007 levels helped offset Canadian National Railway’s (CN) first-quarter costs from the rising loonie, poor winter weather, reorganization and a conductors’ strike. The railway on Monday posted net income of $311 million on $1.93 billion in revenue for its Q1 ending March 31, down from […] Read more
Public partners back Que. organic packer
Capital Financiere agricole, the investment branch of Quebec’s provincial ag lending agency, plans to invest $300,000 in a new organic meat plant. Viandes biologiques de Charlevoix, which raises and markets hogs and chicken and produces organic meat at Baie-St-Paul, about 90 km northeast of Quebec City, plans to build a 6,300-square foot plant to Eco-Cert […] Read more
New mode of bug-killing action registered
Coragen and Altacor, two new insecticides for the potato and fruit markets, have picked up federal registration for their shared new chemistry. The two products, both owned by DuPont Canada, use the company’s Rynaxypyr chemistry, which the company said is the only active ingredient from the Anthranilic diamide class of insecticides and offers a “breakthrough” […] Read more
Sask. to process cull pork for food banks
The Saskatchewan government will pay up to $440,000 to process animals from the federal cull breeding swine program and donate the pork to food banks throughout the province. Sask Pork, the province’s pork industry development board, will administer the funding and co-ordinate the processing of sows with hog farmers and processors, then handle distribution to […] Read more
Agrium, UAP move to shed retail outlets
Fertilizer firm Agrium has extended its offer for U.S. ag retailer UAP for a fifth time for an extra two days’ grace after coming to terms with U.S. antitrust regulators. The Calgary fertilizer company on Friday said it has agreed with the U.S. Federal Trade Commission (FTC) on terms of a consent decree that it […] Read more
Atlantic Vet College names new dean
The University of Prince Edward Island has named Donald Reynolds, a U.S. professor and veterinarian, as dean of the Atlantic Veterinary College. Reynolds, whose appointment was announced Thursday, will officially take the job for a six-year term starting in August. He replaces Timothy Ogilvie, who steps down from the role after two terms. Reynolds is […] Read more
Ont. biofuel projects get BOPI cash
A farmer-backed feasibility study on sorghum-based biofuel is among four projects in Ontario to share over $600,000 in federal biofuels funding. Sweet Sorghum Initiative for Biofuels in Port Lambton, about 50 km east of Detroit, will get $222,975 from the Biofuels Opportunities for Producers Initiative (BOPI) to study the feasibility of sweet sorghum as an […] Read more
B.C. tops up fund for small slaughterhouses
Small-scale meat producers in British Columbia will get another $3.8 million in available funding to help with upgrades that comply with the province’s new meat inspection regulations and build the province’s slaughter capacity. The new money is “over and above” $5 million put up in April 2006 through the province’s meat transition assistance program, Health […] Read more
Canadian Cattlemen Presents: Depth of Field
