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Extra funds, orders help B.C. ALC clear backlog

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tagged Agricultural Land Commission agricultural land reserve ALC ALR british columbia money-back guarantee Norm Letnick performance measures
British Columbia's Agricultural Land Commission credits new funding, and a new regime of performance measures, with helping it to clear its backlog of applications. The ALC, the tribunal overseeing provincial measures to conserve farmland and enable farming-related land use, recently announced it has "eliminated" a backlog of 185 applications -- and has processed over 90 per cent of the applications it's received since April 1 within 90 days of receiving them. The ALC said the quicker…
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Canada Bread to shut Beauce-region bakery

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tagged Beauport Canada Bread Grupo Bimbo pantry bread rolls St-Come-Liniere Vincent-Massey
Baked goods firm Canada Bread Co. plans to shut a pantry bread bakery in Quebec's Beauce region and shift a nearby plant's bread roll production to a third site in the province. The company, an arm of Mexican bakery firm Grupo Bimbo since 2014, announced Tuesday it will close its bakery at St-Come-Liniere, about 110 km southeast of Quebec City, effective May 19. "We have been losing volume…
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Barge glut chokes U.S. shipping sector despite record harvest

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tagged barge rates fleets freight rates grain shipments Mississippi River river barges
Chicago | Reuters -- A glut of idled river barges is clogging Mississippi River shorelines from St. Louis to New Orleans, leaving U.S. barge companies that haul grain, coal and other bulk goods counting their losses. Even with record-large exports of corn and soybeans, typically a boon for shippers that haul grain to Gulf Coast export terminals, the collapse of coal shipments to the lowest levels in decades has left the dry bulk barge fleet chasing too little cargo. In pursuit of…
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Mexico eyes Brazil farm products as hedge on Trump threat

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tagged Brazil corn exports corn imports Mexico NAFTA Trump
Brasilia | Reuters -- Amid trade tensions with the U.S., Mexico plans to send a delegation next month to visit Brazilian corn, beef, chicken and soy producers as an alternative to U.S. suppliers, its representative in Brazil said on Friday. Mexican charge d'affaires Eleazar Velasco said Brazil is uniquely positioned to expand agricultural commodity sales to Mexico if trade with the U.S. is disrupted because it is closer than other potential suppliers like Australia. "The United…
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New Brunswick, Nova Scotia impose spring weights

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tagged gravel roads new brunswick Nova Scotia spring weight weight restrictions
Spring weight limits on trucks and other vehicles are coming into effect on certain roads in Nova Scotia and New Brunswick. The Nova Scotia transportation department on Thursday announced a maximum weight of 15 tonnes on gravel roads starting at noon Friday (Feb. 24) "until further notice." "Unseasonably warm weather is softening gravel roads to the point where weight restrictions are necessary to avoid unsafe road conditions and expensive repairs," the province said in a release. In…
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U.S. grains: Wheat, corn hit two-week lows on long liquidation

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tagged cbot CFTC closing markets corn futures crop production crop usage soybean futures USDA wheat futures
Chicago | Reuters -- U.S. wheat futures fell to a two-week low on Friday and corn hit a 2-1/2-week low on technical selling including fund long liquidation, analysts said. Soybeans closed modestly higher, bouncing after the spot March contract hit a six-week low. Chicago Board of Trade March wheat settled down 6-3/4 cents at $4.31-1/4 per bushel after dipping to $4.30, its lowest since Feb. 9 (all figures US$). CBOT March corn ended down 1-1/2 cents at $3.64 a bushel. March…
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U.S. ag sector seeks opportunities in face of challenges

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tagged corn growers NAFTA National Ethanol Conference NCGA NPPC pork producers TPP
CNS Canada -- With shrinking farm income and a rising debt-to-asset ratio, the U.S. agriculture industry's leaders are eyeing opportunities that could help it return to a point of profitability. U.S. net farm income is forecast to decline in 2017, with projections from the U.S. Department of Agriculture showing an 8.7 per cent drop, bringing the total to US$62.3 billion, marking a fourth consecutive year of declines. What happens in U.S. markets can dictate and drive…
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U.S. livestock: Profit-taking pressures cattle futures, boosts hogs

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tagged cattle futures cattle on feed closing markets CME feeder cattle hog futures lean hogs live cattle USDA
Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures were mostly lower on Friday while lean hog futures gained sharply as investors took profits in each livestock contract, traders and analysts said. Cattle fell after Thursday's nearly four-week high and hogs rebounded from a roughly two-month low. "It's just an end-of-the-week rally," Rosenthal Collins broker James Burns said of hogs. CME April lean hogs settled 1.45 cents, or 2.4 per cent, higher at 68.025…
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Delayed planting on Prairies could reduce corn acres

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tagged corn acres corn yields manitoba Pam de Rocquigny
CNS Canada -- Record yields for Manitoba corn last year have raised the attractiveness of the commodity for many growers. However, the chances for a delayed spring this year could dampen that enthusiasm, according to one industry watcher. “If we get into a delayed planting situation we may see producers switch their corn acres into another shorter-season crop type,” said Pam de Rocquigny, general manager of the Manitoba Corn Growers Association. In 2016, yields in Manitoba…
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Coop federee cracks $6 billion mark in revenues

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tagged Agrico BMR co-operative Coop federee Filgo Olymel Sharpe's Sonic Unimat
Revenues for expansion-minded Quebec agrifood and retail co-operative La Coop federee crossed the $6 billion mark in fiscal 2016, leading to a substantial jump in patronage dividends to producers. The co-operative at its annual meeting reported earnings, before patronage dividends and income taxes, of $275.44 million on $6.335 billion in revenues for fiscal 2016, up from $95.7 million on $5.992 billion in 2015. The co-operative, "considering these excellent results," declared patronage…
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