Country 105

 

     
Country 105

Country 105


Agriculture Report

Neonics Court Battle in March

By Fadi Didi

Grain Farmers set to go back to court in March as Tory MPP's want neonic ban stopped.


Length: 1:21

The next legal step in the neonic treated seeds situation will be heard in court on March 9th.

That is when the Grain Farmers of Ontario's will appear in the Ontario Court of Appeal to present their case for dismissal of the new provincial regulations.

Chairman Mark Brock hopes to have their request for a stay on those regulations will heard on the same date.

Two Conservative M-P-Ps meanwhile are asking the Liberals to re-evaluate the pending ban on neonics.

Lisa Thomspon in Huron Bruce and Agriculture critic Toby Barrett are quoting a recently released study by the federal Pest Management Regulatory Agency.

It found found no potential risk to bees from seed treatment using one of the neonics.

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Monsanto is reporting a 253 million dollar loss in the fiscal first quarter -- citing foreign currency pressures and falling seed sales.

And the St. Louis based company plans to eliminate more jobs.

The agriculture giant says it will cut another one thousand jobs as it expands a cost-cutting plan designed to deal with falling sales of biotech-corn seeds and other financial headwinds.

That means in total, 36 hundred Monsanto jobs -- or 16 per cent of its global workforce -- will be eliminated over the next two years.

The company says the restructuring will cost between 1.1 and 1.2 billion dollars.

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The president of the Agricultural Producers Association of Saskatchewan says the falling Canadian dollar could mean potential profits in the agriculture industry.

Norm Hall points out that since 97 per cent of what is produced in Saskatchewan gets exported, the low Canadian dollar will be good for everything going out of Canada.

Selling grain to the United States and being paid in American dollars also means greater financial returns for Canadians.

Hall admits the downside is that things such as fertilizer, tractors, combines will likely cost more.

 

 


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