A Chinese takeover of Smithfields? Monday, August 5, 2013 Last year was financially unkind to Smithfield Foods Inc., the largest pork producer in the United States. While full year sales were up a full percentage point to US$13.2 billion, net income was down to $183.8 million, nearly a 50 per cent drop from $361 million a year before.The company's press release said pork production was not a money maker last year because of higher feed costs and other inputs. Any pork producer could have told you that.No wonder shareholders were enthusiastic about Shuanghui International, the largest butcher in China, taking over Smithfield sometime in the next six months. Shuanghui was offering US$31 a share for Smithfield Foods stock, a 31 per cent premium over the previous trading price of $25.75. The sale requires federal government approval.Shareholders aren't the only ones wondering where this is going. Producers across North America wonder what it will mean if a firm from China, the largest pork consumer and producer in the world, acquires the Smithfield company, if indeed the sale is approved. Is this more pork going to China and away from North American markets, or what else might happen? BP Coping with the wild boar invasion Tennessee backs down on ag-gag law
Quebec elects PQ government Tuesday, October 6, 2026 Quebec voted for change on Oct. 5 as the Parti Québécois (PQ) earned 59 seats – five short of a majority – and will form the next government. “To elected premier of Quebec is a huge privilege. It’s also a great responsibility,” PQ Leader Paul St-Pierre Plamondon said in his victory speech... Read this article online
New Syngenta foliar insecticide available for potato growers Tuesday, October 6, 2026 A new tool is available for Canadian potato and specialty crop growers to protect their crops from insect pressure. Syngenta recently introduced Incipio foliar insecticide, which includes a novel Group 30 mode of action called PLINAZOLIN. (Click here to go to Incipio’s specialty crop... Read this article online
How One Ontario Pumpkin Farm Turned 10% of Production Into Half Its Revenue Tuesday, October 6, 2026 For one Ontario farm that was looking beyond traditional commodity production to strengthen their businesses,the answer has come from an unlikely source: ornamental pumpkins and gourds. Located east of St. Thomas, Ontario, Butters Farms has built a successful niche around seasonal... Read this article online
Canadian Food System Trust Holds Steady, but Uncertainty and Misinformation Are Rising Tuesday, October 6, 2026 Canadians largely maintain a positive view of the nation's food system, but rising concerns about affordability, misinformation, and the growing influence of artificial intelligence are creating a more complex environment for maintaining public trust. That was among the key findings... Read this article online
Canadian Agri-Businesses Face Insurance Crunch as Premiums Rise and Coverage Options Shrink Tuesday, October 6, 2026 Small agricultural businesses across Canada are facing a mounting insurance challenge as premiums climb and coverage options become harder to find, according to research from the Canadian Federation of Independent Business (CFIB). The report highlights a growing concern among farmers,... Read this article online