Farms.com Home   News

JBS Canada Investing In Brooks Through Their Hometown Strong Program

Building on its ongoing sustainability and social responsibility efforts, JBS Foods Canada today announced plans to invest $2 million to help Brooks, Alberta, respond to needs resulting from the coronavirus pandemic and invest in the community’s future.
 
JBS Foods Canada has been working with local leaders to identify where the funds can best help meet immediate and longer-term community needs. All projects will be determined by the end of the year.
 
“We are proud of our role in providing high-quality beef, but we also recognize our responsibility as a large employer in the area,” said David Colwell, president, JBS Foods Canada. “The Hometown Strong initiative is allowing us to make a lasting investment that will strengthen our community and improve the lives of our team members and neighbors.”
 
 “JBS Foods Canada is a great partner and corporate citizen of the City of Brooks and we are very appreciative of this important and incredible contribution to our community,” said Brooks Mayor Barry Morishita. “As one of the largest employers in Alberta, we couldn’t be more pleased that they choose to do business in the Brooks region, and their dedication to supporting our local organizations, events and activities is outstanding. We are very pleased with this injection of funds for community-based projects as JBS Foods Canada prides itself on working closely with many local organizations to make a positive difference.”
 
The JBS Foods Canada Brooks production facility employs more than 2,800 people with an annual payroll of more than $110 million. The beef facility supports more than 500 local producers, paying them $1.6 billion per year for their livestock.
 
Hometown Strong is a $50 million initiative that adds to commitments JBS has made this year to protect employees and ensure their job security amid the global pandemic. Funds are being directed to the communities where JBS team members live and work in the U.S. and Canada. Hometown Strong is one of the largest community investment programs of its kind. Visit hometownstrong.jbssa.com to learn more.
Click here to see more...

Trending Video

Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.