Country 105

Country 105


Agriculture Report

NFU Wants Slots at Racetracks

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National Farmers Union worried about ripple effect on racing industry.


Length:

Another farm organization has come out against the plan to end the Slots at Racetracks program in Ontario.

The provincial wing of the National Farmers Union says it is worried about the ripple effect a downturn in the horse racing industry would have on farmers and rural communities.

The N-F-U says that could include the loss of important businesses and services like feed mills and farriers.

But the Ontario Lottery and Gaming Corporation argues ending the program will save 345 million dollars per year.

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The Conservative government has also announced funding for the Canadian Swine Exporters Association.

The 1.3 million dollars will be used to improve international marketing of pure bred swine genetics.

The funding will also allow members to attend industry trade shows -- including the International Livestock and Dairy Expo in Vietnam later this month.

The trip is seen as an important one -- since a Canadian swine genetics firm signed a 1.6 million dollar contract with China last month.

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Grain handling company Viterra has agreed to be acquired by Switzerland-based Glencore International in a deal valued a 6.1 billion dollars.

The Regina-based company says the transaction also includes an agreement that will see two major Canadian agribusinesses pick up certain assets.

Calgary-based Agrium and Richardson International based in Winnipeg will buy the majority of Viterra's Canadian assets for 2.6 billion dollars in cash.

Part of the agreement includes keeping Viterra's North American head office in Regina.


 


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