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Photo: CPR.ca
Crops, Machinery, Weather

CP to speed up Prairie track ‘enhancements’

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Canadian Pacific Railway (CP) has pledged up to an extra $100 million to its previously planned capital budget for track “enhancements” in its Prairie network. CP’s addition to the $1.1 billion capital spending plan it announced in December for the 2013 fiscal year follows a similar move by rival Canadian National Railway (CN), which last […] Read more
Crops, Machinery, Weather

WeatherFarm aims to boost service under new ownership

Prairie farmers can expect to see an “enhanced selection” of online weather and agronomic tools from WeatherFarm.com, following the recent transfer of the program to new owners. The network has been purchased from the Canadian Wheat Board (CWB) through a new partnership between Glacier Media and agricultural meteorology firm Weather INnovations Inc., in the form […] Read more
Livestock, Machinery, Markets

Allflex sale cashes in on livestock control boom

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British private-equity firm Electra Partners is selling out of animal tagging company Allflex after 14 years, banking the rewards from ever stricter livestock controls prompted by a string of food scares. Electra said on Friday it has received a binding offer worth $1.3 billion from private-equity peer BC Partners, amounting to $630.5 million gross proceeds […] Read more
Crops, Machinery

Lower diesel prices trim grain freight rate index

A price index that helps set how much Canada’s big two railways can make per year hauling Prairie grain will be pared back, based on lower-than-expected diesel fuel costs. The Canadian Transportation Agency, which sets the annual Prairie grain revenue caps for Canadian National and Canadian Pacific Railways, announced Monday it has pegged the volume-related […] Read more
Crops, Machinery, Weather

CP books higher Q1 grain revenue on less grain

Higher grain and fertilizer revenues per carload trumped “challenging winter conditions” as Canadian Pacific Railway booked its highest-ever first-quarter (Q1) gross in the period ending March 31. Calgary-based CP on Wednesday reported a profit of $217 million on gross revenues of $1.495 billion in its latest Q1, up from $142 million on $1.34 billion in […] Read more
Crops, Machinery

MacDon reported seeking buyer via auction

Winnipeg’s MacDon Industries, one of North America’s largest manufacturers of windrowers, is looking for a buyer in a deal that could fetch around US$1 billion, four people familiar with the matter told Reuters last week. The family-owned company specializes in making pull-type and self-propelled windrowers and specialty and pick-up headers for combines. Its disc, auger […] Read more
Crops, Machinery, Weather

Cold, snow in West chill CN’s Q1 grain handle

Suffering congestion from “extreme cold and heavy snow in Western Canada” in its first fiscal quarter, Canadian National Railway (CN) has prescribed itself “capacity enhancements” on the Prairies. The company on Monday reported net income of $555 million on $2.466 billion in revenues in its first quarter (Q1) ending March 31, down from $775 million […] Read more
Livestock, Machinery

Cattlemen seek restart on approval process for irradiation

A long-dormant petition to allow ionizing irradiation as a way to control bacteria and other pathogens in Canadian beef may soon be back on the front burner. The Canadian Cattlemen’s Association said Monday it expects “in the coming week” to submit paperwork — at the request of Health Canada — that would “reactivate the process” […] Read more

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