Danish Crown wants to sell shares Monday, December 5, 2011 Smithfield Foods is well known as the world's largest pork producer. But the world's largest pork exporter isn't on this continent.Danish Crown, 124 years old and co-operatively owned by 9,800 farmers, slaughtered 19.4 million hogs in 2009/2010 in Denmark, Britain, Sweden and Poland. It sells to 130 different countries with annual revenue of C$8.44 billion and its largest export market is the United States. It wants to raise C$1 billion in development capital and it won't come from cash-strapped farmers. So "going public" by selling stock on an exchange is being considered. The goal, according to board chairman Niels Mikkelsen, is to become one of the three largest food companies in Europe.However, Henrik Mortensen, chairman of Danske Svineproducenter, the national association of Danish pork producers, has warned that farmers must be aware of the consequences of such a step.In early October, Danish Crown laid off 400 employees in Demark packing plants because fewer pigs were being sent to slaughter than anticipated. According to a press release: "High labour costs continue to pose a major challenge for the company, which explains the continued strong focus on capacity." BP Smithfield sow numbers down, but still huge Pork products make fast-food comeback
Can the agriculture sector in Ukraine be restored? Thursday, September 19, 2024 5 Strategies that could help rebuild Ukraine agriculture Since the full-scale invasion began, Ukraine’s agricultural sector has faced immense losses, with damages surpassing $10 billion. This includes the destruction of machinery worth $5.8 billion and losses to livestock farms... Read this article online
North West Terminal idles grain elevator in Unity, Sask. Thursday, September 19, 2024 A grain handler in Saskatchewan is no longer in operation. In a Sept. 18 letter posted to its website, North West Terminal (NWT) announced it is idling its grain elevator near Unity, Sask., due to financial challenges. NWT started what it calls a “strategic review process” last August... Read this article online
New transport minister in small cabinet shuffle Thursday, September 19, 2024 A small cabinet shuffle in Ottawa on Thursday will result in a new federal transport minister. Current Treasury Board President Anita Anand is set to add the transport minister portfolio to her workload, CTV News and the Star have reported. This move comes after former minister of transport... Read this article online
$18.4M Boost for Canadian Cereal Grain Innovation Thursday, September 19, 2024 Gate Project Receives Major Funding for Research Canada's position as a pioneer in cereal grain research is set to strengthen with the Gate Capital Campaign raising $18.4 million. This funding will support the Global Agriculture Technology Exchange (Gate) initiative, a project... Read this article online
Prairie ag organizations join Global Agriculture Technology Exchange Wednesday, September 18, 2024 Three ag organizations from western Canada have announced their involvement to help position Canada as a world leader in cereal grains. Alberta Grains, the Saskatchewan Wheat Development Commission and the Manitoba Crop Alliance are contributing more than $13 million towards the Global... Read this article online