BMO expects farm sector to grow Friday, April 29, 2011 by PAT CURRIEThe Bank of Montreal on Thursday forecast that Canada’s agricultural sector will grow by between 3.5 and 4 per cent this year barring major flooding that may hurt crop yields."Momentum from the second half of last year has carried over into 2011, with farm output up 3.3 per cent from a year ago in January," said Kenrick Jordan, senior economist, BMO Capital Markets. After two years of contraction, Canada's agricultural sector now enjoys the prospect of "better prices, healthier global economic activity, improved financial conditions, expanding global economic activity and improved financial conditions as favourable factors," according to the bank’s Canadian Agricultural Prospects report. The crops segment is expected to grow faster than its livestock counterpart, where activity will be limited by smaller breeding herds and high feeding costs. Canadian farmers are likely to continue to experience solid financial performance this year, with crop and livestock prices expected to remain buoyant and output rising on stronger demand and improved yields."Our agriculture customers tell us they are well poised to capitalize on this opportunity," said David Rinneard, National Manager, Agriculture, BMO Bank of Montreal. The BoM report was released only a day before the Supreme Court of Canada upheld Ontario’s ban on farm labour unions."That gives farmers of little bit of confidence, some cautious optimism going at a time when volatile fuel prices are causing some concern," said Ron Bonnett, a Sault Ste. Marie area farmer and president of the Canadian Federation of Agriculture, a group that represents 200,000 Canadian farm families. BF Behind the Lines - May 2011 Farm employer group 'delighted' by Supreme Court ruling
New CEO for Livestock Research Innovation Corporation Friday, September 13, 2024 Livestock Research Innovation Corporation (LRIC) is promoting from within with the appointment of the organization’s newest Chief Executive Officer. Industry Services Manager Kelly Somerville has been tapped to assume the role as of September 3, replacing retiring CEO Mike McMorris.... Read this article online
Milwaukee Extended Anvil High Torque Impact Wrench Thursday, September 12, 2024 Measuring torque is a common on-farm task it can sometimes be a challenge to accomplish this for multiple and varied pieces of equipment, that where Milwaukee’s M18 FUEL™ 1" D-Handle Ext. Anvil High Torque Impact Wrench w/ ONE-KEY™ can provide value. Cordless tools create convenience,... Read this article online
Ontario and Feds look to strengthen the provincial agri-food sector Monday, September 9, 2024 The governments of Canada and Ontario have announced they will be investing an additional $3.5 million in the Ontario Agri-Food Research Initiative (OAFRI) to support the development and adoption of new technologies for farmers, food processors, and agribusinesses that will enhance... Read this article online
The Great Ontario Yield Tour predicts a record-breaking soybean crop Friday, September 6, 2024 The Great Ontario Yield Tour is predicting the 2024 Ontario soybean yield will be 54.12 bu/ac—a NEW RECORD high surpassing the previous record of 53 bu/ac set last year. If the prediction is correct, it will be the best soybean crop ever produced in Ontario!... Read this article online
IPM needs volunteers Thursday, September 5, 2024 The International Plowing Match & Rural Expo 2024 (IPM) could use a helping hand for volunteers. The IPM is being held this year in Lindsay, Kawartha Lakes, Ontario, between October 1 and 5, 2024. While we are aware that the majority of the popular event is being held during... Read this article online