Country 105

Country 105


Agriculture Report

COOL Law May Change

By Manny Paiva

U-S congressional committee wants to stop country of origin labelling rules.


Length: 1:07

Country of original meat labelling rules in the U-S may soon change.

An American congressional committee has requested a stop to the labelling rules that have significantly hurt Canadian beef exports.

The congressional committee can't actually force the U-S Department of Agriculture to drop the rule -- but it does have control over that agency's budget.

Those rules are blamed for complicating the process of bringing in meat from Canada -- and for reducing meat exports to the U.S. by half since 2008.

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Some good news from fertilizer producer Agrium.

The Calgary based company says its retail operations are expected to achieve record results for the fourth quarter -- and for 2013 as a whole.

But overall Agrium expects fourth quarter earnings to be at the low end of its forecast of 80 cents to a dollar 25 a share.

Agrium cites lower than expected selling prices across its wholesale nutrients and problems with rail shipments.

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Saskatchewan Premier Brad Wall says a rail backlog that has left a bumper crop of grain still sitting on some fields is increasingly serious.

Last year was a record harvest -- up about 20 million tonnes -- and Wall acknowledges that makes it more difficult to move the crop in a timely way.

Wall says the problem needs to be solved, because it's probable that larger crop sizes will become the new normal.

The federal government and several grain producer groups are splitting the cost of a five year study aimed at finding solutions to the backlog.

 

 


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