GFM Network News


Second activist investor buys into Elanco

Reuters — Hedge fund Starboard Value LP has taken a stake in Elanco Animal Health and nominated three directors to the animal healthcare company’s board, the Wall Street Journal reported Wednesday, citing people familiar with the matter. The WSJ report did not mention the size of Starboard’s stake in Elanco, which makes treatments for pets […] Read more



Kazakhstan’s president orders ban on foreign ownership of farmland

Almaty | Reuters — Kazakhstan will permanently ban foreigners from owning or renting farmland in the vast central Asian nation, President Kassym-Jomart Tokayev said on Thursday, ending a lengthy dispute that once prompted anti-government protests. Kazakhstan is a major producer of grains, oilseeds and meat in the former Soviet region sandwiched between China and Russia […] Read more

Nutrien beats profit expectation on strong potash sales

Reuters — Canadian fertilizer maker Nutrien posted fourth-quarter profit above analysts’ estimates on Wednesday as potash demand rose amid rising crop prices, sending its U.S.-listed shares up in extended trade. Fertilizer producers have benefited from high U.S. crop exports, including record-large corn sales to China. With crop prices touching multi-year highs, farmers are poised to […] Read more


German cabinet approves legislation to ban glyphosate from 2024

Law would still need parliamentary approval

Berlin | Reuters — Farmers in Germany will have to gradually reduce their use of glyphosate and stop using it completely from 2024 in order to preserve clean habitats for insects, under draft legislation passed by the country’s cabinet on Wednesday. “The exit from glyphosate is coming. Conservationists have been working toward this for a […] Read more

U.S. trade body rules blueberry imports do not harm industry

Canada among top five nations selling blueberries into U.S.

Washington/Mexico City | Reuters — The U.S. International Trade Commission (ITC) ruled on Thursday that blueberry imports are not causing serious injury to domestic producers and will not recommend further action to reduce foreign supplies, in a win for berry exporters. In recent years, U.S. producers have claimed damages from what they argue are unfair […] Read more


Pot producer Canopy Growth sees profit in 2022

Costs cut, revenue increasing

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