GFM Network News


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Feather sector’s on-farm upgrade program underway

Applications now being accepted for funding

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

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BAT looks beyond tobacco to Canadian marijuana

Lucky Strike cigarette maker buys into Moncton's Organigram

Reuters — British American Tobacco (BAT) said Thursday it will buy a nearly 20 per cent stake in New Brunswick-based cannabis producer Organigram for about 126 million pounds (C$221.3 million) as it seeks to expand beyond its main tobacco business. Organigram, headquartered at Moncton, grows cannabis and makes cannabis-derived products in the Canadian market, where […] Read more


(JBSs.infoinvest.com.br)

JBS gears up for U.S. and Brazil expansions

Brazilian meat giant reiterates plans following strong Q3 results

Sao Paulo | Reuters — Food processor JBS SA reiterated plans to grow production capacity in Brazil and in the United States after posting strong third quarter results, executives said in a conference call to discuss earnings on Thursday. CEO Gilberto Tomazoni said 12 of the company’s plants in Brazil were being expanded, as JBS […] Read more

Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)

Louis Dreyfus to gain first outside investor

Abu Dhabi's ADQ fund to acquire indirect 45 per cent stake

Paris | Reuters — Louis Dreyfus Co. (LDC) has agreed to sell a 45 per cent stake to Abu Dhabi’s ADQ, the companies said on Wednesday, the first outside investment in the family-owned commodity merchant’s 169-year-old history. The deal comes after a search by chairwoman Margarita Louis-Dreyfus for an investor to relieve debt built up […] Read more


Artist’s rendering of the Merit Functional Foods plant under construction in Winnipeg. (Merit Foods graphic)

Bunge buys into canola, pea protein maker Merit

Agribusiness giant takes quarter stake in processor

One of the world’s biggest grain companies is getting in on a processing facility under construction in Winnipeg to extract plant-based proteins from canola and peas. Winnipeg-based Merit Functional Foods announced Thursday it has received a $30 million “capital investment” from Bunge, giving the U.S. grain firm a “minority interest” worth 25 per cent. Burcon […] Read more

Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)

Louis Dreyfus adds venture capital unit

New unit's potential budget not yet discussed publicly

Paris | Reuters — Agricultural commodities trader Louis Dreyfus Co. has launched a venture capital program to invest in food and farming firms while also announcing a change of head for its innovation business. “Over the coming months, we will invest in early-stage companies with the potential to transform the food and agriculture industries,” CEO […] Read more