The facts about food inflation Friday, May 6, 2011 Food price inflation in the double digits has been blamed (or credited, depending upon your point of view) for the unrest that has changed the political landscape across North Africa and the Middle East. But food inflation hasn't struck hard in the United States, at least not early in the year. In March, Maclean's magazine carried an article indicating a rate of only 0.3 per cent in January. The article quoted a report by financial services company CitiGroup. The reason for the miniscule food inflation rate? The stuff that farmers grow and sell represents a relatively small percentage of the value of the highly processed foods typically sold in stores across the United States (and Canada for that matter). Changes in manufacturing practices can make up the difference associated with those higher costs. The Maclean's article was entitled 'A Reason to Love Cheetos.'The Business Insider website took the subject further. In an article entitled "In times like these, America's diet of processed food is an economic miracle," contributor Joe Weisenthal explained that stable food prices in the United States "reflect the very high processing content of food. . . . With it, production and marketing margins absorb most of the variation in raw food commodity prices that could erode consumer incomes."The writer facetiously concluded: "So next time you moan about America's process-food diet, take a moment and realize how much this insulates us. Of course, what this means for our healthcare bill is another story." BF Chicken wing profits linked to Super Bowl Canadian-made biofuel more efficient, study claims
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