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Government Research Investments To Benefit Crop Producers

 
The governments of Canada and Manitoba are investing more than $1.6 million in eight research projects dealing with a wide range of issues facing crop producers.
 
The announcement was made this morning by Federal Agriculture Minister Lawrence MacAulay and Manitoba Agriculture Minister Ralph Eichler at the CropConnect conference in Winnipeg.
 
“Prairie crops are an important economic driver for Canada,” said MacAulay. “Our government is proud to work together with the province and the industry to support research that helps our grain industry grow and prosper. This investment will help farmers increase production while addressing risks that could impact their crops.”
 
Project funding is provided through the Grain Innovation Hub.
 
“Manitoba’s crop producers and the entire grain industry stand to benefit from the results of these important, timely and targeted research initiatives,” said Eichler. “Through the Grain Innovation Hub, we are able to invest in areas that are either of greatest concern or show the greatest opportunity for agriculture. By partnering with producers and industry, we are creating opportunities for long-term growth and sustainability in Manitoba.”
 
The funded organizations and projects include:
 
-D.L. Seeds Inc., to purchase specialized equipment needed to improve genetic disease resistance in canola (nearly $135,000);
 
-Manitoba Wheat and Barley Growers Association (MWBGA), for four projects focused on reducing the contamination caused by fusarium head blight (FHB) in wheat, developing a commercial malting barley variety with improved pre-harvest sprouting tolerance, developing better nitrogen fertilizer management strategies for high-yielding spring wheat, and identifying the most efficient and environmentally friendly strategies to reduce the damage caused by FHB in spring wheat (nearly $590,000);
 
Source : Steinbachonline

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U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!