Cervus Equipment has announced it has entered into an arrangement agreement with Brandt Tractor, part of Brandt Industries. Brandt will acquire all of the issued and outstanding common shares of Cervus, excluding those held by Brandt, for $19.50 per share in cash, valuing Cervus at approximately $302 million on an equity value basis. The consideration... Read More
Category: News
The federal government has approved $500 million for drought and wildfire relief programs under the AgriRecovery framework, just hours before the launch of the federal election campaign on Sunday. The total includes the previously-announced $100 million. “We thank Minister Bibeau for attaining further funding to help beef farmers and ranchers dealing with widespread severe drought... Read More
Farmers Edge announced today that it has reached an agreement to acquire CommoditAg, an online marketplace for high-quality agriculture products. The acquisition will allow Farmers Edge to significantly expand its roster of services by empowering farmers to purchase a wide range of agricultural products from trusted suppliers, while also advancing the company’s connected digital ecosystem... Read More
The governments of Canada and Ontario are funding three new initiatives to support and promote mental health in Ontario’s farming and rural communities. The initiatives are designed to improve the mental health services available to Ontario’s agricultural sector and help ensure farmers, their families and their employees have additional places to turn when help is... Read More
The most recent estimates of the U.S. corn and soybean crops are in, and the numbers are slightly lower than anticipated. Significant drought in a large area of the U.S. is dragging down the United States Department of Agriculture's projected average corn yield, now pegged at 174.6 bu/ac down from 179.5 bu/ac a month ago.... Read More
A $200 million, three-year fund has been launched by Agriculture and Agri-Food Canada under the federal government's Agricultural Climate Solutions program. As of August 12, the On-Farm Climate Action Fund is now open for delivery partner proposals. The partner(s) will then provide direct grants to farmers to adopt beneficial management practices that store carbon and... Read More
Drought in Western Canada is causing dire hay shortages, and a familiar program is popping up in the hopes of Eastern Canada helping counterpart livestock producers in the west once again. The Canadian Federation of Agriculture (CFA) has announced it has begun work to facilitate a Hay West initiative to send surplus hay from farmers... Read More
Saskatchewan RCMP and Livestock Services of Saskatchewan have issued a warning to livestock producers to keep an eye on their hay. RCMP in the province are investigating a series of complaints after several livestock producers became victims of fraud while attempting to purchase hay. Ads were posted on social media and other buy and sell... Read More
The Ontario government says it will deliver immediate assistance to livestock farmers impacted by drought in northwestern Ontario by committing provincial funding for AgriRecovery. The province is committing up to $5 million in funding for the 40 per cent provincial cost share. The federal government recently announced $100 million for AgriRecover across Alberta, Saskatchewan, Manitoba,... Read More
Agriculture Minister for Saskatchewan David Marit announced today (August 10) that the province will provide $119 million in direct support for drought-affected cattle producers under the Agri-Recovery framework. The province says the program will provide a per head payment to help maintain breeding stock and will help producers with extraordinary costs caused by the drought,... Read More