Rabobank to invest in food innovation
May 18, 2017 - Rabobank is setting up a private equity fund to support food innovation in Europe and the United States.
The Rabo Food & Agri Innovation Fund will invest in high-potential, early-stage food and agricultural companies.
“The fund focuses on companies that are in support of Rabobank’s Banking for Food strategy,” the company said.
This strategy focuses on contributing to food security in the context of a rapidly growing world population, changing demographics and consumption patterns and an increasingly complex food system,” said Lizette Sint, global head of Rabo Private Equity.
Rabobank will not only invest money, but also provide access to the bank’s food and agricultural experts and networks.
Bureaucrat sees no debt problem
May 18, 2017 - There is no debt problem for agriculture, according to federal assistant deputy minister Tom Rosser.
He was testifying to Parliament’s politicians who sit on an agriculture committee.
Tom Rosser said the increasing debtloads farmers are taking on are being invested to become more competitive.
They are generally in a very healthy position to service their debt, he said.
Michael Hoffort, the president and chief executive officer at Farm Credit Canada, told the committee that rising farmland prices are helping farm asset appreciation keep pace with farm debt levels.
FCC lending is at an all-time high.
Dairy farmer manures UPA
May 16, 2017 - A disgruntled dairy farmer sprayed 12,000 litres of liquid manure near the offices of the Union des Producteurs Agricole south of Montreal this week.
Longueuil police took the man, 56, to hospital for evaluation.
Patrice Juneau, a spokesman for the union, said the suspect is a dairy farmer who is facing financial difficulties and the union didn't wish to file a criminal complaint against him.
Longueuil police said he could still face a mischief charge, but the exact motivation for his alleged actions remained unclear.