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(RBAuction.com)
General, Machinery, Markets, Reuters

Ritchie Bros. raises cash payout in bid for IAA

Activist investor Starboard Value buys into Ritchie

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Reuters — Canada’s Ritchie Bros. on Monday sweetened the cash component of its buyout offer for IAA Inc. by 28 per cent, valuing the U.S. auto retailer at US$5.94 billion, and also secured the backing of a key IAA shareholder which had questioned the initial offer. The latest cash-and-stock offer at $44.40 per share, will […] Read more
(Sansubba/iStock/Getty Images)
Livestock, Machinery, Poultry/Eggs

Feather sector’s on-farm upgrade program underway

Applications now being accepted for funding

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The federal free trade compensation program to help Canada’s poultry and egg producers pay for on-farm upgrades, renovations and improvements is now taking applications. The $646.8 million, 10-year Poultry and Egg On-Farm Investment Program (PEFIP) is now formally underway, Agriculture Minister Marie-Claude Bibeau announced Monday. Each eligible Canadian producer is entitled to an amount proportional […] Read more
File photo of Highway 363 near Moose Jaw, Sask. (Mysticenergy/iStock/Getty Images)
General, Machinery, Weather

Spring road bans coming into effect across Prairies

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MarketsFarm — Warming temperatures and melting snow across Western Canada may cause some disruptions to grain and livestock movement over the next few weeks as seasonal spring road restrictions come into effect across the Prairies. The annual spring road restrictions set axle weight limits for vehicles moving on certain roads in an effort to reduce […] Read more
An artists’ rendition of the Merit Functional Foods plant under construction in Winnipeg. (Meritfoods.com)
Canola, Crops, Peas

Plant-protein processor’s new processing plant gets grant

Feds, province put up cash for new equipment

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The federal and Manitoba governments have added a seven-figure contribution to their support for a new facility to process plant proteins from canola and peas. Merit Functional Foods will put the additional money toward “new equipment purchases that will support the transformation of raw inputs into value-added goods.” The unspecified new technology is expected to […] Read more
(iStock/Getty Images)
Crops, Machinery

Subsidy for grain dryer upgrades in Alberta draws critics

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Concerns are being raised over a new program for grain drying being offered to Alberta residents. The federal and Alberta governments recently announced Alberta farmers seeking to make grain dryer improvements will have access to funding through the Canadian Agricultural Partnership. The Efficient Grain Dryer Program aims to cover costs for energy efficiency improvements to […] Read more
(SKHoward/iStock/Getty Images)
Crops, Machinery, Markets, Reuters, Weather

Climate change has U.S. fund managers adjusting agriculture investments

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New York | Reuters — After historic floods devastated Midwestern agricultural states this spring, some fund managers are evaluating how climate change will affect the long-term value of companies that make or sell products ranging from tractors to fertilizer. The issue is not simply the unpredictability of weather. Instead, fund managers say, they are struggling […] Read more

Canadian Cattlemen Presents: Depth of Field

Glacier Farmmedia Podcast

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