By Alice McFarlane

Agriculture Roundup for Thursday February 11, 2021

Feb 11, 2021 | 10:16 AM

MELFORT, Sask. – Farmers Edge is putting together a plan to become a publicly traded company.

The digital agriculture business based in Winnipeg filed a preliminary prospectus with the security regulatory authorities in each province and territory.

The company estimated its initial offering size at roughly $100 million, and up to $115 million if an over-allotment option is exercised.

Farmers Edge was founded in Manitoba in 2005 by agronomists Wade Barnes and Curtis MacKinnon and was the first company to bring variable rate technology to Canada.

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A Saskatchewan based business has acquired the former Canpulse Plant at Kindersley, Sask. that recently fell into receivership last year.

Purely Canada Foods is a family owned company with a 90,000 tonne terminal near Regina, Sask.

Senior Special Crops Trading Manager David Nobbs said the bankruptcy court confirmed they had the successful bid.

He said the initial focus for the Kindersley location will be canary seed and lentils, eventually moving to maple, green, and yellow peas.

Purely Canada Foods also has a partnership with Battle River Rail in the Camrose-Alliance region in Alberta.

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The 2020 wheat production estimate has been raised to an all time high.

The latest Sask. Wheat market report said it was due to improved production in Australia, Canada and Iraq.

Wheat trade this crop year is expected to remain near the previous year’s level as higher imports by China, Iran, Morocco and Pakistan outweigh lower imports from Iraq and Turkey.

The report also stated harvest is concluding in Australia with exceptional conditions in three states and poor conditions in Queensland. Conditions are generally favourable for winter wheat in the European union with some concerns about excess rainfall and winterkill.

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alice.mcfarlane@jpbg.ca

On Twitter: @AliceMcF