Country 105

Country 105


Agriculture Report

Feds Invest in Apples

By

 

Our federal government is investing in apples.

The Conservatives have announced 1 and a half million dollars in funding for Martin's Family Fruit Farm in the Waterloo region.

The money will help create a new processing line for apple crisps and cider.

The project is expected to result in an increased annual demand for Canadian apples -- and offer a premium to growers on second grade apples.

More than 40 Ontario apple producers could benefit from the project.

----------------------------------

Farmers south of the border are cursing the recent dry weather.

The U-S Department of Agriculture says less than half the country's corn and soybean crops are rated good to excellent.

Both have dropped 8 points since last week -- and are 21 points behind from this time last year.

The heat wave is also pushing up grain prices -- as wheat futures rose 35 cents a bushel in Minneapolis yesterday -- reaching almost 9 dollars.

And analyst Allan Johnston says Canadian prices for wheat, barley and canola are following the upward trend.

-------------------------------------

And Hail has caused extensive damage to crops in southern Manitoba.

Farmer Rob Harms says golfball-sized hail hit his farm near the U-S border.

His four-foot canola fields are now down to ten inches of stubble.

Heavy rains have also flooded some Manitoba fields.

--------------------------------------

Federal Agriculture Minister Gerry Ritz is representing Canada at the latest round of talks on the Trans-Pacific Partnership Free Trade Agreement.

The United States and eight other Pacific Rim countries are meeting in San Diego to try again to strike a deal.

Ritz says he's hopeful a deal can be made before the talks end next Tuesday.

----------------------------------------------

Chinese fertilizer company Migao is planning to start a quarterly cash dividend -- likely in September.

The move comes after the company reported a net loss of one million dollars in the first three months of the year.

But that is far better than the 8.8 million lost in the same period last year.

Sales revenue is up to 138.8 million dollars.

 

 


Bayshore Broadcasting Corporation
© 2018 Bayshore Broadcasting Corporation

Web Site by Websmart Inc