Sask. ag entrepreneur wins youth award

Nov 14, 2018

Miguel Catellier founded TruGreen Metal Recycling and TruGreen Energy

By Diego Flammini
Staff Writer
Farms.com

The founder of an ag equipment collection company is among the recipients of young entrepreneur awards.

Miguel Catellier is one of 40 people who won a Saskatchewan Future 40 award. The awards recognize the accomplishments of community members under 40 years old.

In 2015 and at the age of 25, Catellier founded TruGreen Metal Recycling, which focuses on collecting unused metal, including farm equipment. The company has facilities in Emerald Park, Sask., and Red Deer, Alta.

Farmers with machinery they’d like removed from their properties contact TruGreen to visit the farm and conduct an assessment. An estimator will determine several factors including the type of material on the farm and the equipment required for removal. TruGreen pays the farmer that same day for the equipment.

TruGreen returns to the farm later in the season with all the necessary equipment to remove the obsolete machinery.

The staff take the collected metal to a recycling facility where they process and repurpose it.

The operation has recycled more than 200 million pounds of steel since it started in 2015.

Catellier also founded TruGreen Energy.

The energy company provides solar energy solutions for agricultural, residential and commercial applications.

“Miguel believes strongly that renewable energy is the future of energy in (Saskatchewan) and around the world,” Catellier’s nominator said, CBC reported.

Farms.com has reached out to Catellier for comment on the award and his agribusiness interests.

Another Saskatchewan Future 40 award recipient has ag connections. Edel Perez Lopez is a postdoctoral fellow at the University of Saskatchewan. He’s trying to identify proteins that are important to understanding clubroot disease in canola.

CBC photo

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!