By Alice McFarlane

Agriculture Roundup for Monday April 26, 2021

Apr 26, 2021 | 10:21 AM

MELFORT, Sask. – Another canola crushing facility will be built in Regina, Sask.

Viterra said the company is in the feasibility stage to finalize the plant’s capabilities and design, with an initial targeted annual crush capacity of 2.5 million metric tonnes. This would make it the world’s largest integrated canola crush facility.

Chief Executive Officer David Mattiske said the company has made several strategic investments in Canada.

“We look forward to leveraging our expertise at this new state-of-the-art facility and connecting our customers to additional opportunities within our supply chain,” Mattiske said. “Oilseed crush demand is expected to continue strengthening in the long term, given continued demand growth for canola oil in food usage, as well as increases in meal consumption in animal feed markets.”

Mattiske said the plant will play a key role in supplying the feedstock required for renewable fuel production. He said the additional production would support the Federal Government’s intended Clean Fuel Standard, which aims to help reduce Canada’s greenhouse gas emissions.

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The plant is targeted to be operational in late 2024.

Cargill Canada announced last week it would build a canola crush plant in Regina while Richardson said it would double the capacity of its canola processing facility in Yorkton, Sask.

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A new report reveals the rate of adoption for most agricultural business management practices has dropped significantly over the past five years.

Farm Management Canada (FMC) conducted a study in 2015 that found the success of any farm enterprise, regardless of size, production sector, or location is directly related to the business management practices of the farm manager.

FMC Executive director Heather Watson said another survey was conducted last year and found the greatest motivators for implementing farm business management practices were increased profitability, managing risk, preparing for retirement or transition, reducing stress, and improving quality of life, and improving family and farm team harmony.

The research also showed the greatest barriers to adoption are that farmers feel they are succeeding without them, while others feel they do not have the time and do not know where to start.

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alice.mcfarlane@pattisonmedia.com

On Twitter: @farmnewsNOW