Feds Support Apple ‘Chips’ Venture

Jul 06, 2012

Martin’s Fruit Farm gets Funding for New Plant

Martin’s Family Fruit Farm will produce apple “chips” thanks to a $3 million dollar loan from the Canadian federal government to help build a new plant in Elmira, Ont. Once the plant begins to make a profit the loan will be repaid says Federal Agriculture Minister Gerry Ritz. The loan is made possible through the government’s Agricultural Innovation Program.

“This project is a great example of what we’re trying to achieve,” says Ritz. “It’s a product sure to be popular with today’s health conscious consumer” says Ritz.

Not only will the loan add value to the Martin’s family business by giving them an opportunity to diversify and access to new markets, but it will also create 30 full-time jobs. The Martin’s run a 750 acre operation and their facility supports over 40 other Ontario apple growers in the region.

This week the workers broke ground for the 17, 000 square foot facility projected to be completed before December of this year and Kevin Martin couldn’t be more pleased with the commitment made by the government “it’s a market that needs to be created,” he says. “We’re going to be expending some serious energy over the next several months in branding and marketing.

The announcement comes as the Martin’s along with many other apple producers were left with only 15 to 20 per cent of their crop that survived the frost.

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!

Farmers Hail Golden Coverage

Ontario to Feds: Pay us for Rouge Valley