A well-known rancher from Washington, who owned cattle in Alberta in the past, has been sentenced to 11 years in prison and ordered to pay more than US$244 million in restitution for running a "ghost cattle" scam. Cody Easterday, 51, of Mesa, Washington, was sentenced on October 4 for defrauding Tyson Foods and another unnamed... Read More
Category: News
Harvest is well underway across western Canada, and already wrapped up in many areas. The beginning of harvest also signals the start of the grain shipping season. David Przednowek, assistant vice president for grain for CN Rail, joined RealAgriculture's Kelvin Heppner to discuss where grain movement is at from a railway perspective. Despite low carry-in,... Read More
An average increase of 8.1 per cent in the price of farmland in early 2022 in and of itself isn't necessarily outlandish — but some of the provincial averages leading up to that number are rather mind-blowing. Year-over-year growth in Ontario topped 27 per cent, Manitoba is averaging 13.6 per cent growth, and Saskatchewan land... Read More
It's said that when the U.S. sneezes, Canada catches a cold. But is that really true of all things? Until now, Canada hasn't had its own farmer sentiment index, like farmers have in the U.S., and so the industry has been left to extrapolate how Canadians feel about the state of agriculture from our southern... Read More
When Farm Credit Canada (FCC) released its first-half of 2022 farmland values report earlier this week, reaction was somewhat mixed, ranging from "Well, of course prices are still strong!" to "This kind of growth is absurd given current conditions." As J.P. Gervais, senior economist with FCC explains, it's important to look at the 8.1 per... Read More
CN Rail says a bridge fire in northwestern Alberta is expected to shut down rail traffic in and out of the Grande Prairie area for an unknown amount of time. The fire occurred at a large bridge on the Grand Cache subdivision near Latornell, Alta. early in the morning on Wednesday, October 5, affecting traffic... Read More
A mid-year review of farmland values by Farm Credit Canada (FCC) suggests climbing interest rates and poor growing conditions in 2021 have done little to temper demand for Canadian farmland. “Strong farm cash receipts, buoyed by robust commodity prices, have managed to quell some of the profitability challenges from higher interest rates and farm input... Read More
Viterra has officially completed its acquisition of Nebraska-based Gavilon, giving the grain company with roots in Canada a much larger footprint in the U.S. As part of the stock purchase agreement, which was announced in January and closed on October 3, Viterra is paying Japan-based Marubeni US$1.125 billion, plus working capital and other adjustments, for... Read More
The percentage of hopper cars ordered by grain elevators in Western Canada that are not showing up on time has started to climb rapidly, according to the latest data from the Ag Transportation Coalition. CP Rail only supplied 61 per cent of the hopper cars that were ordered in week 8 of the grain year,... Read More
The federal government has made some regulatory changes to give grain farmers more time to dispute an elevator's grain grading and dockage assessment. At the same time, the latest attempt for a broader update to the Canada Grain Act is facing an uncertain future. Grain producers can now ask for a sample of their grain... Read More