Category: Pork

Farmer Fallout From Puratone Bankruptcy in the Hundreds of Thousands: Harry Siemens

The hog industry in Western Canada has been knocked to its knees in recent months by high feed prices and negative margins. A large hog breeder, producer and feed company — Manitoba-based Puratone Corporation — is in the process of being bought by Maple Leaf Foods, the company’s largest hog buyer. Amidst the fall out… Read more »

Maple Leaf Foods to Buy Puratone Corp.

Maple Leaf Foods has announced it will buy the Puratone Corporation, the cash-strapped Manitoba hog production company, for approximately $42 million. The purchase includes Puratone’s livestock, facilities and interests in some joint ventures. The transaction is expected to close within a month, subject to court and regulatory approvals, according to a news release. . “This… Read more »

Bidding Begins for Big Sky Farms

Quebec-based Olymel has officially made a bid for Big Sky Farms, the Saskatchewan-based hog producer that recently entered receivership. Olymel has made a bid of $65 million to purchase the company. If successful, it’s likely operations would not change significantly, as Olymel processed much of Big Sky’s production. While this is the only current bid,… Read more »

Corn School – Corn – Where Are We Now & Where Are We Going In 2013?

The price of corn is something that’s weighing heavy on the minds of producers right now. Not producers only, but everyone affected either directly or indirectly with the crop is wondering where corn will top out and where it’s headed as we look to 2013. In this episode of the Corn School, Moe Agostino of… Read more »

Is This The End of the Independent Hog Producer in Western Canada?

Hog production in Western Canada had a rough go this week. First, Big Sky Farms entered receivership — for the second time in less than four years — then, just yesterday, Puratone Corporation filed for creditor protection. It is not a good time to be a hog farmer, with reported losses per hog ranging from… Read more »

Puratone Files for Creditor Protection

Niverville, Manitoba-based Puratone Corporation is the second major hog producer in as many weeks to hit the skids, Harry Siemens reports . Puratone filed for creditor protection today, after the board of directors agreed it was the only viable alternatives given the present financial state of the company. Puratone is a major hog supplier to Maple… Read more »

Big Sky Farms Enters Receivership

Humboldt, Saskatchewan-based Big Sky Farms, one of the largest hog producers in Canada, entered into receivership this week, according to a story on Pembina Valley Online. Big Sky Farms is the latest company to suffer from extremely high feed costs.  As discussed last week on RealAgriculture.com, the hog industry is in trouble in Western Canada…. Read more »

The Pork Industry In Western Canada Is Disappearing Rapidly – Harry Siemens

Pork producers in Canada continue to take a beating as what looked like a period of profitable production was turned on its head by high corn prices. Some producers who didn’t lock in some kind of a contract price are getting out while they can, selling their stock at a loss to avoid even greater… Read more »

The Dire Status of the US Corn Crop Discussed on HuffPostLive

This week Ray Prock (California Dairy farmer), Kelly Rivard (farm blogger), Jim Doolittle (agronomist), and Michael Yezzi (pig farmer) participated in a segment on Huffington Post Live discussing the US corn drought of 2012. See the segment here. Besides the fact that the host pronounces bushels incorrectly the segment is a really good first hand account of how bad… Read more »

Former Dragon Now Controls ViewTrak Technologies

According to the Edmonton Journal, Brett Wilson and a group of former Viewtrack creditors have taken full control of Edmonton based company. According to Brett Wilson (from the Edmonton Journal story) “The company was cash-flow neutral but couldn’t service the debenture debt,” said Wilson. “It had been bumping along for the last year and a… Read more »

How Much Meat Do We Eat?

Do you eat as much meat as you used to?  Many people in North America do say no, yet the the US still eats the second highest amount of meat per capita in the world according to the Economist.   The average American consumers 276 pounds of meat per year while Personally I still love… Read more »

Jeff Simmons Believes in Technology to Help Feed the World

Jeff Simmons is the President of Elanco and he has truly made it his personal mission to educate the consumer on why technology is so critical to dealing with the 9 billion people problem in 2050. I had a RealAgriculture.com subscriber send me the link to the below video which is a very simple monologue… Read more »

WTO Decision on COOL Good For Canadian Livestock Producers

With the recent ruling by the World Trade Organization declaring elements of the U.S. Country Of Origin Labelling program to be unfair, Canadian livestock producers feel that the first steps have been made in restoring exports lost when the program began. While Canadian producers applaud the move, there is an underlying skepticism that this decision… Read more »

Alberta Pork Offers 2 Million Dollar Rebate to Pork Producers

Alberta Pork is taking unprecedented steps to help its producers deal with the economic hardships faced over the past years. Two million dollars collected by the organization will be refunded back to producers. The Organization made the move after it was unable to find a partner with which to leverage its funds to create programs… Read more »