Country 105

 

     
Country 105

Country 105


Agriculture Report

Farm Business for 2010

By

Farm businesses prepare for the 2010 markets.


Length:

A market analyst says the oilseed market is going through a change in direction.

Ken Ball of Union Securities says the market is being dominated by the soybean situation.

He says we're coming off one of the largest U-S soybean crops ever and the South American crop is shaping up to be quite large.

All of this translates into lower oilseed values in the coming months.

Meanwhile, American import requirements have Canadian canola crushers operating at levels far below capacity.

The Food and Drug Administration's zero-tolerance policy on salmonella in canola meal has made a significant dent in the canola crush this crop year.

Canadian crushers have been operating at around 70 per cent capacity, a significant drop from 96 per cent last year.

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The president of Viterra says there is a positive trend for 2010 for agriculture.

Mayo Schmidt would like to see higher commodity prices but he says farmers harvested a good crop last fall.

He anticipates strong grain exports.

Schmidt says some recent cold weather has slowed the grainhandling system but there is time to catch up.

He says Viterra is in good shape to handle the production delivered to market by farmers.

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Wholesale fertilizer producer Agrium is expanding its retail presence in Canada.

Agrium already has a major retail presence in the United States and is one of Canada's largest producers of fertilizer for domestic and international customers.

It has also been unsuccessfully attempting to buy Illinois-based fertilizer producer C-F Industries, but has so far been thwarted by that company's board of directors.

The Calgary-based company says it's now establishing 33 retail outlets in Alberta and Saskatchewan under the name Crop Production Services Canada.

It has bought the remaining crop nutrient business assets that it didn't previously own and an existing joint venture.

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Ottawa area farmers say it will take a dramatic -- possibly tragic -- event before they are given the O-K to kill more coyotes.

Farmer Gary Foster says he doesn't think the public has the appetite to condone any sort of action against coyotes until someone's pet -- or child -- is attacked.

Foster says he lost 10 sheep in one night in November to coyotes.

Livestock deaths in Ottawa attributed to coyotes and wolves rose to 250 in 2009 from 176 the year before.

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U-S farmers are starting to fight back against animal rights groups.

Some farmers are hoping to strike back with proactive efforts to ward off unwanted legislation and boost the struggling industry.

The American Farm Bureau Federation, says the time has come for farmers to face their opponents with a new attitude.

In the past two years, feed costs skyrocketed, pork and dairy prices plummeted, and animal rights groups stepped up efforts to improve living conditions for farm animals.

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Canadians appear to really dig FarmVille -- an online farming simulation that boasts close to 74 million daily users worldwide just six months after it was launched.

Canada is the sixth biggest country in terms of the number of visitors to FarmVille, the most popular social game among Facebook's 350 million users.

The United States is number one, followed by Turkey, the Philippines, the United Kingdom and Italy.

Players can manage a virtual farm by planting, growing and harvesting virtual crops, trees and livestock.
   
Just like a real farm, if the crop isn't harvested in time, it will wilt and have to be plowed again so the player won't be able to reap the profits.

 


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