Southeasst Agri News - April 20, 2012

Issue No. 149 April 20, 2012 A Supplement to the Southeast Trader Express

118 Souris Ave. N., Estevan • 634-3696118 Souris Ave. N., Estevan • 634-3696 Toll Free: 1-877-880-9094 (sales)Toll Free: 1-877-880-9094 (sales)

1-877-883-2576 (service)1-877-883-2576 (service)E-mail: [email protected] • www.senchukford.caE-mail: [email protected] • www.senchukford.ca

Randy SenchukRandy Senchuk Landon SenchukLandon Senchuk Dwight ThompsonDwight Thompson

Meet Your Trusted ProfessionalsMeet Your Trusted Professionals

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Placid LakeThe Rafferty reservoir was a scene of spring calmness on April 14 as local visitors noted how much lower the water line is this spring compared with the same time frame last year.

SOUTHEAST AGRI NEWS, FRIDAY, APRIL 20, 2012

Published monthly in Southeast Saskatchewan by the Prairie Newspaper Group., a subsidiary of Glacier Media. The Glacier group of companies collects personal information from our customers in the normal course of business transactions. We use that information to provide you with our products and services you request. On occasion we may contact you for purposes of research, surveys and other such matters. To provide you with better service we may share your personal information with our sister companies and also outside, selected third parties who perform work for us as suppliers, agents, service providers and information gatherers. Our subscription list may be provided to other organizations who have products and services that may be of interest to you. If you do not wish to participate in such matters, please contact us at the following address: The Southeast AgriNews, Box 730, Estevan, Saskatchewan, S4A 2A6; or phone (306) 634-2654. For a complete statement of our privacy policy, please go to our Website at: www.estevanmercury.caThe Southeast AgriNews is owned and operated by Boundary Publishers Ltd., a subsidiary of Glacier Ventures International Corp.

We acknowledge the fi nancial support of the Government of Canada through the Publications Assistance Program toward our mailing costs.

Editor: Norm Park Publisher: Peter Ng

Advertising Manager: Jan Boyle email: [email protected]

68 Souris Avenue, Estevan Phone: 634-2654 Fax: 634- 3934

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For the fi rst time ever, Saskatchewan has exceeded $10 billion in agri-food ex-ports in a single year and that was last year. The province now surpasses Ontario as the top agri-food exporting province in Canada.

“Saskatchewan farmers and ranchers are agricultural leaders, both at home and abroad and continue to pro-vide safe, reliable food to feed the world’s growing popula-

Sask. is new leader in agri-food exports

tion,” Agriculture Minister Bob Bjornerud said. “This signifi cant growth in our agri-food exports exemplifi es the importance of agriculture to our economy and is part of the Saskatchewan advantage that our producers have helped create.”

In 2011, the province’s top exported agri-food prod-ucts included canola, canola oil and non-durum wheat.

Canola continues to have

a major impact on the prov-ince’s economy with canola seed overtaking non-durum wheat as the top agriculture export commodity. In the last fi ve years, canola seed exports have increased by 250 per cent from $856 million in 2007 to more than $2.1 billion in 2011.

“We’ve worked hard to expand opportunities for farmers in both traditional and emerging markets like India and China,” Enterprise

Minister Jeremy Harrison said. “Saskatchewan is a world leader in food produc-tion and that importance is only going to increase as the world population increases.”

The top fi ve markets for Saskatchewan agriculture products are the United States, China, Japan, Mexico and India. Since 2007, Saskatch-ewan agri-food exports have increased from $6 billion to $10 billion.

The Canadian Cattle-men’s Association (CCA) said in late March they were pleased that Canada and Japan agreed to initiate negotiations that could lead to an economic partnership agreement (EPA).

The CCA said that Ja-pan is Canada’s fi fth largest trading partner and also an important political partner.

“Japan is a highly valued trading partner and this agreement will strengthen our economic partnership,” said CCA past president Travis Toews. “An EPA with Japan would benefi t the highly export-dependent Canadian beef industry provided the ne-gotiations address long-outstanding issues and

Cattlemen rooting for partnership

barriers.” The CCA strongly en-

courages an EPA between the two countries which would provide a full tariff free access for Canadian beef.

“A successful agree-ment with Japan could in-crease the value of Canada beef exports to over $275 million annually and more importantly will increase the value of every animal we produce,” Toews said from Tokyo where he had accompanied Prime Minis-ter Stephen Harper on the Asia trade mission along with Ministers Gerry Ritz of Agriculture and Agri-Food Canada, Ed Fast of In-ternational Trade and John Baird, Foreign Affairs.


SOUTHERN PLAINS CO-OP PETROLEUM/AGRO CENTRE

311 Kensington Ave., EstevanPh: 637-4330 or Toll Free: 1-800-465-FUEL

Monday-Saturday 8:00 a.m. - 5:00 p.m.

NOW OPENAT NOON!!

PERCENTAGESCALLED:

SERIES “A”CALLED ACCEPTED

WIT closed at 5 pm on April 20, 2012 in order for our staff to attend our AGM.*Contract terminations* please contact the of ce for further information.

WEYBURN INLAND TERMINAL LTD.Canadian Wheat Board Delivery Contract Summary

SERIES “B”CALLED ACCEPTED

– – 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% – – 100% 100% – – – – – – – – – – – – – – – – – –

2011-2012 Crop Year – – Red Spring #1 (13.5 % & higher) 100% 100%Red Spring #1 (13.4% & lower) 100% 100%Red Spring #2 (13.5% & higher) 100% 100%Red Spring #2 (13.4% & lower) 100% 100%Red Spring #3 (13.5% & higher) 100% 100%Red Spring #3 (13.4% & lower) 100% 100%Red Spring #4 100% 100%COW – –CPS Red 1 & 2 100% 100%CPS White – –Red Winter 1 & 2 100% 100%Extra Strong 1 & 2 – –Durum #1 (13% & higher) 100% 100%Durum #1 (12.9% & lower) 100% 100%Durum #2 (13% & higher) 100% 100%Durum #2 (12.9% & lower) 100% 100%Durum #3 100% 100%Durum #4 100% 100%Durum #5 – –

Regular delivery hours are 7:00 a.m. to 8:00 p.m. OPEN MONDAY TO SATURDAYCROP INPUT & PELLET HOURS ARE: Mon. - Fri.: 8 a.m. - 5 p.m.

WIT Weyburn administration of ce hours are:7:30 a.m. - 5:00 p.m. Monday thru Friday

WIT Lake Alma is open Monday thru Friday - 8:00 a.m. - 5:00 p.m.

WIT Weyburn (1-800-552-8808)

*Based on trading price of a minimum of one board lot which is equal to 100 shares.**Based on the semi-annual dividends paid in the previous 12 months and the current market price.

Week Ending 52-wk low* 52-wk high *Close Volume Yield** April 13, 2012 $13.25 $13.45 $13.3 0 0.38%

WIT STOCK QUOTATIONS

Contact: Union SecuritiesSuite 102 - 2002 Cornwall St., Regina, Sask. S4P 2K5

(306) 565-4462 • Toll Free 1-877-525-7650

WIT Website www.wit.caGrain buying, CSR (customer service)

and marketing will be closedApril 24th - 12:00 - 5:00 pm

&April 25th - 7:00 am - 1:00 pm

The last t ime the Weyburn Inland Terminal (WIT) showed a net loss on operations, oil was selling for under $29 a barrel and was expected to sink to $25 while more than half the southeast oilpatch opera-tions were shut down.

The year was 1985, just nine years after the WIT had opened for business.

From then on, it was year after year of profi ts, except for now, said Claude Carles, president of WIT, who reported a minor $246,000 consolidated loss for 2011 operations due mainly to fl ood conditions in this part of the province last summer and therefore a huge reduction in seeded acreage this past crop year.

The company said fl ooding impacted all busi-ness units last year with

WIT shows fi rst operational loss in 26 yearsonly 20 to 30 per cent of the normal acres being seeded. That meant both grain han-dling and input sales were down drastically compared with other years.

While there was a loss on operations, the company still managed to pay divi-dends of $1.35 million to shareholders, it was noted in the fi nancial statement that was released in late March.

Grain volumes will naturally continue to be lower in 2012, until the new crop comes off. Expecta-tions are for a strong spring in the crop inputs side of the business as farmers will look to maximize produc-tion after two straight years of reduced acreage.

“Our staff worked hard throughout the year to help our customers

manage these conditions. The continuing strong support of our customers has allowed WIT to be a profitable farmer owned and directed company for many years,” said Carles. “This is the fi rst time since 1985 that we have not been profi table, and clearly the weather events last year were insurmountable both for farmers and WIT.”

“Our oilseed program and commitment to clean-ing and blending our cus-tomers’ grain to improve the grade, especially on grain held over from pre-vious year’s production, resulted in our ability to maintain our grain shipping program at 70 per cent of the previous year, even with a 75 per cent smaller crop in our trading area,” said CEO Rob Davies.

“Our ethanol business at NorAmera was also af-fected by the fl ooding and other operational issues; however production stability has improved signifi cantly over the past several months and improving oil prices are a positive sign for 2012. There are still improvements to be made but we are op-timistic about this year for NorAmera. Our many diver-sifi cation efforts have given us the ability to balance good

and bad years with average WIT profi tability over the previous 10 years of $3.46 million,”he said.

“Last year affected us the same way it affected our farm customers ... very little crop, very little opportunity. Together, we recognize that these years can happen, and together we have built endur-ing operations that will move forward into 2012, recogniz-ing 2011 for the year that it was,” said Davis.

WIT will continue to work toward a positive future in agriculture and sup-ports students, customers, and local communities and organizations in southeast Saskatchewan. Donations to these various concerns exceeded $70,000 in 2011. WIT said they believe there is a solid foundation for the business going forward as the world population continues to grow and demand more, better quality food.

King Of The PastureA bull in the pasture enjoying the buffet offerings of new grass that is beginning to green up as Saskatchewan turns its attention to spring.


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Market access to South Korea for Canadian beef has been restored.

The breakthrough oc-curred in mid-January, said the Canadian Cattlemen’s Association in extending

South Korea’s doors open once more for Canadian beef

words of congratulations to the Canadian government for achieving this long-sought return to a strong market.

The process to restore access for Canadian beef was agreed to in June of 2011

by the Canadian and South Korean governments, but was just recently termed suc-cessfully completed around January of this year. The contract was sealed with fi nal approval letters from Korea that were signed January 20. With the receipt of these let-ters, Canadian beef and beef products from cattle under 30 months of age can be exported to South Korea immediately. The agreement was reached outside of the World Trade Organization (WTO) dispute that was launched by Canada in 2009.

CCA president Travis Toews thanked Agriculture and Agri-Food Minister Gerry Ritz and International Trade Minister Ed Fast for their diligence on this particu-

lar fi le. He noted that efforts are expected to continue in South Korea to recapture ac-cess for over-30-month beef as well, in line with World Or-ganization for Animal Health science-based guidelines.

“The return of safe, high-quality Canadian beef to South Korea after nearly a decade is a significant achievement and one that’s been a long time coming,” Toews said.

“The CCA agreed to this process as an alternate solution to the WTO dispute panel report in order to get Canadian beef moving into South Korea more quickly. It was the right call and we thank ministers Ritz and Fast for seeing this through to a successful conclusion.”

The CCA monitored South Korea’s progress close-ly and was fully prepared to recommend the government of Canada to request the WTO to issue its report should the process fail. Canada retains the ability to resume the panel should problems with the implementation emerge in the weeks ahead, but we expect that South Korea will resume its former position as a lucrative market for Cana-dian beef.

Canadian beef exports to South Korea are estimated to be $30 million by 2015.

With Canadian beef once again headed for South Korea, the CCA is focused on completing negotiations to establish a Canada-Korea Free Trade Agreement.

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Southeasst Agri News - April 20, 2012

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