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Agriculture Roundup for Friday July 17, 2020

Jul 17, 2020 | 10:16 AM

Elanco Animal Health has agreed to make changes to a $7.6 billion deal to buy several health care products for animals from Bayer AG in order to get approval from a Canadian regulator.

The Competition Bureau said it concluded that Bayer and Elanco are each other’s biggest competitors in several Canadian markets.

Bayer will keep the Canadian distribution rights to several poultry insecticides that Elanco was going to acquire under the deal.

Elanco agreed to divest one of its prescription medications for treating dogs and one of Bayer’s medications for treating cats after the deal closes.

Viterra will build a 34,000 metric tonne grain terminal at Rosser, Man., just northwest of Winnipeg.

The company, which already has a smaller elevator at Rosser, said the new facility will feature a loop track capable of loading up to 134 railcars.

Viterra president and CEO for North America Kyle Jeworski said the company is renewing its commitment to farm customers in the area through this investment.

“By revitalizing our presence through a modern state of the art facility, we will provide customers with convenient access to the superior service, marketing opportunities and advice that makes us an industry leader,” Jeworski said in a media release.

Construction of the new facility is to begin immediately, with completion planned for the fall of 2021.

CN Rail will spend over $105 million in Manitoba this year.

The investments will focus on the replacement of more than 50 miles of rail, installation of over 150,000 new railroad ties and rebuilds of six road crossing surfaces.

There will be maintenance work on bridges, culverts, signal systems, and other track infrastructure.

alice.mcfarlane@jpbg.ca

On Twitter:@AliceMcF