Country 105

Country 105


Agriculture Report

Cattle Conversion Warning

By

RCMP issue warning about fraud in cattle industry.


Length:

The R-C-M-P's livestock investigation branch is warning lenders to watch out for what police consider to be one of the largest sources for criminal loss in the cattle industry.

Conversion involves someone buying cattle with borrowed money and using the animals for collateral.

Corporal Christian Reister says once sold -- the animals can be tough to locate and lenders may find it hard to collect their money.

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A Canadian food safety scientist has made a donation to McGill University to establish a chair for the school's new food safety and quality program.

Doctor Ian C. Munro -- a McGill graduate -- and his wife Jayne Munro have donated 1.5 million dollars to kick start the Ian and Jayne Munro Chair in Food Safety.

The university has also invested 500-thousand dollars.

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Farm organizations from the three prairie provinces are presenting a united front to the federal government in their goals for policy changes.

The leaders of Agricultural Producers Association of Saskatchewan, Wild Rose Agricultural Producers and Keystone Agricultural Producers met Friday.

The groups want the government to develop business risk management programs, and compensation programs for green initiatives.

They also want a full costing review of rail service -- and say they want a balanced approach when it comes to cost sharing Canadian Grain Commission fees.

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Monsanto says rising corn seed sales helped boost its second quarter profit by 15 per cent compared to last year.

The world's biggest seed company reports its net income rose to just over 1 billion dollars for the quarter -- compared with 887 million a year ago.

Monsanto's corn seed revenue jumped seven per cent.

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An entomologist from Manitoba says wet conditions last summer and fall likely means grasshoppers won't be a problem this year.

John Gavloski says the conditions for laying eggs last fall were not ideal.

He says the risk of a grasshopper infestation is light across Manitoba.

Grasshoppers on the Prairies thrive in hot, dry conditions.

Gavloski notes spring flooding will not kill grasshopper eggs.


 


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