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
Canadian Farmland Values Rise Faster Than US Thursday, April 16, 2026 FCC analysis highlights rising land costs and growing affordability pressure Farm Credit Canada has released a new economic analysis that sheds light on changing farmland value trends in Canada and the United States. The study shows that cultivated farmland values in Canada are... Read this article online
Conservative MP wants faster ag product approvals Thursday, April 16, 2026 An Alberta Conservative MP introduced a bill designed to speed up approvals to give farmers access to the tools they need. David Bexte, the MP for Bow River, introduced Bill C-273, the Facilitating Agricultural Regulatory Modernization (FARM) Act on April 14. If passed, the law would... Read this article online
Bill 21 Pause Sparks Rural Water Debate in Manitoba Thursday, April 16, 2026 Opposition requests more consultation on water rules affecting farms Manitoba Progressive Conservatives have decided to delay consideration of Bill 21 a provincial proposal focused on water systems and safety. The decision keeps the bill from moving forward until the fall legislative... Read this article online
Old Farmer’s Almanac releases Canadian summer forecast Thursday, April 16, 2026 What’s in store for summer 2026? For that let’s turn to The Old Farmer’s Almanac and its Canadian summer forecast. “This summer is expected to trend warmer than normal across much of the country, including southern Quebec, the Prairies, and southern British Columbia,” the guide... Read this article online
Royal Canin Clarifies Groundwater Use With Amended Water Permit Near Guelph Thursday, April 16, 2026 Royal Canin Canada Company has received approval from Ontario’s Ministry of the Environment, Conservation and Parks (MECP) to amend its Permit to Take Water (PTTW) for its pet food manufacturing facility near Guelph, Ontario, following weeks of public consultation and local... Read this article online