I always find it interesting to read or hear the mainstream media cover big ag stories.  We have been able to see this with the coverage of the CWB single desk dissolving early this year and now the Glencore – Viterra deal. In the below episode of the Lang and O’Leary Exchange, three segments are… Read More

With the sale of Viterra, Agrium has purchased the ag-retail locations that are not attached to grain terminals.   We have had several emails this week from farmers requesting the opportunity to vote on the impact of Agrium (CPS) having a very dominant ag-retail presence in Western Canada. With this 1.6 billion dollar purchase, Agrium will… Read More

Based on the announcement today of the Glencore purchase of Viterra, Richardsons has really solidified their already strong presence in Western Canadian agriculture. According to the Richardson’s press release: Richardson’s agreement with Glencore includes the purchase of a 25% ownership interest in Cascadia Terminal (Vancouver), which will allow Richardson to ship increased volumes of grain… Read More

Well it official….Viterra has been sold. TheGlobe and Mail is reporting this morning that Glencore has purchased Viterra for 6.1 billion. Agrium (CPS) take the majority of the agri retail spots while Richardson’s has acquired a quarter of the grain handling assets. More to come as the story develops.

I was listening to CBC Radio this morning and I thought this was a pretty good discussion of the political side of the Viterra takeover. In particular the challenges that Brad Wall has with explaining the three way deal to residents of Saskatchewan.  Viterra is a different kind of company than Potash Corp and therefore… Read More

After the second time in less than a week that Viterra has halted trading on the TSX, a process for the potential sale of the company has been established. The press is speculating that $16 per share is the number to get in on the action. Viterra did not mention any names in their public… Read More

John Depape, The CWB Monitor, talks to RealAgriculture.com about the potential sale of Viterra to a foreign company like Glencore.  John gives his feelings on whether Viterra is a national strategic asset, whether the competition bureau has anything to say about this size of deal, and if this potential deal with Glencore makes any sense… Read More

The Canadian agricultural newswires are jumping today as Viterra’s shares were temporarily halted on the TSX due to what the company calls “expression of interest.” I have made calls around the country and two names continue to pop up.  Glencore and ADM have been on the tip of everyone’s tongue all day. Many of you… Read More

With last weeks expected sale of the Viterra Livestock Division to Hi-Pro Feeds LP the feed industry in Canada has changed in Western Canada.  Hi-Pro will be owned by Birch Hill Equity Partners and the employees of the company.  In the press release Viterra said that the sale was initiated for strategic reasons. Viterra is… Read More

The issue of herbicide resistance is a concern to all farmers. This is especially a concern in the areas where glyphosate tolerant crops are planted extensively. Prices over the past five years have made growing certain glyphosate tolerant crops very profitable. That profitability is causing some farmers to push their rotations which can impact in… Read More

Margins in the feedyard business are tighter than they have ever been in an extremely volatile market. Fuel is expensive, feed is expensive and the Canadian dollar is high. The beef industry is struggling to stay competitive. “Break even” is a term that holds more weight now than it has the industry’s history. With volatility… Read More

 

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