GFM Network News


Variable rate application good for soil, farmers’ bottom lines

MarketsFarm — For Saskatchewan farmer Terry Aberhart and research scientist Alan Moulin, variable rate (VR) application is a no-brainer. In representing Sure Growth Solutions Inc. at the Global Cash Crop Conference in Winnipeg on Wednesday, Aberhart explained the cost savings farmers can achieve by applying different amounts of fertilizer. “The mentality is, if you want […] Read more

Railways book higher grain freight revenue for Q1

Canada’s big two railways reported somewhat higher revenue from handling grain during their fiscal quarter ending March 31, despite both companies reporting winter weather woes. Canadian Pacific Railway (CP) on April 23 reported grain segment revenue of $380 million for the quarter, up six per cent from the year-earlier period, on about 92,800 grain carloads, […] Read more



Alberta input retail chain expands westward reach

A pair of independent crop input retail outlets in west-central Alberta will be networking with seven others by month-end. Crop Management Network (CMN), a joint venture between an employee-owned network of retail outlets and La Coop federee’s Agrico Canada arm, announced Wednesday it has reached a deal to buy Performance Ag Group. Performance Ag, which[...]
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Louis Dreyfus to exit dairy by mid-2019

Paris | Reuters –– Louis Dreyfus Co. said on Wednesday it would sell or wind down its small dairy business by the middle of this year as part of an overhaul to revive growth at the agricultural commodity giant. Privately-held Louis Dreyfus had previously earmarked dairy as one of several activities to be sold or[...]
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Fertilizer maker Nutrien’s profit beats on strong potash demand

Reuters – Canadian fertilizer and farm supplies dealer Nutrien Ltd reported a better-than-expected quarterly profit and raised its full-year adjusted profit forecast, driven by strong demand for its potash fertilizers. The world’s largest fertilizer company by capacity raised its full-year adjusted profit forecast to the range of $2.60-$2.80 per share, from its prior estimate of[...]
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Grain handle down slightly in record quarter for CP

Grain carloads were marginally fewer but grain revenue per carload climbed 10 per cent to help Canadian Pacific Railway to its highest quarterly revenue ever. Calgary-based CP on Oct. 18 booked net income of $622 million on $1.898 billion in revenues — its “highest ever (revenues) for any quarter” — in its third quarter ending[...]
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Global fertilizer market prices vary

CNS Canada — A mixed bag for fertilizer prices is expected over the next few months, as some continue to increase while others should drop, according to an analyst. “The fertilizer market has remained pretty firm over the past six months… we had kind of anticipated some declines across all the different nutrients, (but) they’ve[...]
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