Bunge

Wheat Pool 2.0: The time might be ripe for a revival of Prairie co-ops

Retrieved on: 
Wednesday, January 17, 2024

The Saskatchewan Wheat Pool, the once-mighty agricultural co-operative that became Viterra, is remembered by its iconic, but decaying, grain elevators that still dot much of the province’s rural landscape.

Key Points: 
  • The Saskatchewan Wheat Pool, the once-mighty agricultural co-operative that became Viterra, is remembered by its iconic, but decaying, grain elevators that still dot much of the province’s rural landscape.
  • Others come only after a raw, hard struggle, a grim rancher straining to pull the calf from a desperate cow.
  • Others come only after a raw, hard struggle, a grim rancher straining to pull the calf from a desperate cow.
  • Bunge, headquartered in Missouri, wants more of it; the wheat pool founders, based all over the province, wanted some of it.

Increasingly consolidated industry

  • The top five companies already control 90 per cent of the global grain trade; six of them sell 70 per cent of all agrochemicals and four of those also sell 60 per cent of all the seed.
  • Farmers owing money on contracts they were unable to fulfill because of events out of their control.

The view from Australia

  • To get a glimpse into what was lost when the Wheat Pool became Viterra, we can look to Australia.
  • Like Canada, farmers in Australia no longer have a national wheat marketing board.
  • Unlike in Canada, however, Australian farmers held on to their co-operative grain handling company, Co-operative Bulk Handling (CBH).


As a result, CBH says average post-farmgate costs for its members are 15 per cent lower than for Australian farmers who rely on multinational corporations — including companies like Bunge and Viterra — for storage, movement, marketing and export. Through CBH, Australian farmers don’t just have a powerful corporate entity looking out for their financial interests, but a company that can help them navigate government lobbying and relationships with agricultural input providers and their growing arsenal of data being used to power artificial intelligence applications.

Co-operative green shoots

  • While there are places in rural Prairies Canada that are prospering — especially those proximate to urban centres — the long-term trends remain.
  • But while perhaps dormant, the co-operative impulse is not gone and may indeed be ripe for a reawakening.
  • He is a fourth-generation farmer, small-business owner and director on the board of the Agricultural Producers Association of Saskatchewan.


Marc-Andre Pigeon receives funding from the co-operative and credit union sectors as well as funding from government funding bodies for his research into co-operatives and credit unions. Natalie Kallio receives funding from the co-operative and credit union sectors as well as from government funding bodies for research into co-operatives.

Finacity Facilitates Increase and Expansion of Accounts Receivable Securitization Program to $1.5 Billion with a $1 Billion Accordion Feature for Bunge

Retrieved on: 
Wednesday, January 3, 2024

STAMFORD, Conn., Jan. 03, 2024 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from $1.1 billion to $1.5 billion of the commitment capacity, with an accordion feature of an additional $1 billion, for the Accounts Receivable Securitization Program (“Program”) of Bunge Global SA (“Bunge”), a leading global agribusiness and food company.

Key Points: 
  • STAMFORD, Conn., Jan. 03, 2024 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from $1.1 billion to $1.5 billion of the commitment capacity, with an accordion feature of an additional $1 billion, for the Accounts Receivable Securitization Program (“Program”) of Bunge Global SA (“Bunge”), a leading global agribusiness and food company.
  • As part of the process, Finacity also supported the addition of 2 new seller countries, Mexico and Poland, and 7 new subsidiary company originators for Bunge in its Program.
  • Pricing for the Program includes premiums or discounts to the applicable margin tied to certain sustainability criteria, including, but not limited to, science-based targets (SBTs) that define Bunge’s climate goals within its operations and a commitment to a deforestation-free supply chain in 2025.

Bunge and Musim Mas Collaborate to Make Palm Value Chain more Sustainable

Retrieved on: 
Wednesday, November 15, 2023

SINGAPORE, Nov. 15, 2023 /PRNewswire/ -- Bunge (NYSE: BG) and Musim Mas Group announced a collaboration to promote the use of sustainable practices among smallholder farmers in Sambas, West Kalimantan, Indonesia. 

Key Points: 
  • SINGAPORE, Nov. 15, 2023 /PRNewswire/ -- Bunge (NYSE: BG) and Musim Mas Group announced a collaboration to promote the use of sustainable practices among smallholder farmers in Sambas, West Kalimantan, Indonesia.
  • The collaboration, co-funded by Bunge and Musim Mas through 2025, aims to train more than 1,000 independent smallholders in sustainable production of palm oil.
  • "Bunge strives to be the preferred sustainable solutions partner for producers and customers," said Ben Vreeburg, Bunge Senior Director of Sustainability.
  • While West Kalimantan only contributes 5% to Musim Mas' supply base, it is integral to the group's overall sustainable sourcing strategy.

Bunge Completes Move of Place of Incorporation to Switzerland, Declares Dividend

Retrieved on: 
Wednesday, November 1, 2023

Bunge (NYSE: BG) said today that it has completed the previously announced move of the place of incorporation of its group holding company to Switzerland from Bermuda.

Key Points: 
  • Bunge (NYSE: BG) said today that it has completed the previously announced move of the place of incorporation of its group holding company to Switzerland from Bermuda.
  • With the redomestication effective, Bunge's group holding company is now a Swiss corporation, Bunge Global SA.
  • Bunge continues to be listed exclusively on the New York Stock Exchange under the ticker symbol “BG,” and Bunge Global SA will continue Bunge’s normal course of global business.
  • The company also announced that its Board of Directors has declared on October 31, 2023, a cash dividend of $0.6625 per common share.

Bunge’s Global Volunteering Program Grows, Makes a Lasting Impact

Retrieved on: 
Monday, October 16, 2023

For the second consecutive year, Bunge Limited (NYSE:BG) teams around the world are coming together to support community organizations and non-profits focused on fighting hunger through our Global Volunteering Program.

Key Points: 
  • For the second consecutive year, Bunge Limited (NYSE:BG) teams around the world are coming together to support community organizations and non-profits focused on fighting hunger through our Global Volunteering Program.
  • The program was launched last year to address growing food insecurity and humanitarian needs around the world.
  • Our Global Volunteering Program, centered on empowering and supporting communities, has more than doubled in size in 2023.
  • “Our Global Volunteering Program has had immense growth this year and that speaks volumes to the dedication our employees have to do what’s right.

SKU, The Nation's Leading Consumer-Products Accelerator, Appoints Buff Greebe as Executive Director

Retrieved on: 
Monday, October 16, 2023

AUSTIN, Texas, Oct. 16, 2023 /PRNewswire-PRWeb/ -- SKU has hired veteran consumer-product leader and SKU mentor Buff Greebe as Executive Director of the nation's leading CPG accelerator.

Key Points: 
  • AUSTIN, Texas, Oct. 16, 2023 /PRNewswire-PRWeb/ -- SKU has hired veteran consumer-product leader and SKU mentor Buff Greebe as Executive Director of the nation's leading CPG accelerator.
  • "Buff brings a fresh perspective, strategic vision, and a wealth of experience to an organization," says SKU Board Member Rick Ressler.
  • Greebe is a seasoned executive with more than 35 years of experience in the CPG and consumer healthcare (CH) industry.
  • "Throughout my career, I have seen the CPG industry from every angle, as a senior executive, consultant, investor, and mentor", says Greebe, Executive Director at SKU.

Bunge Shareholders Approve Viterra Combination

Retrieved on: 
Thursday, October 5, 2023

Bunge Limited (NYSE: BG) (“Bunge”) today announced the results of its extraordinary general meeting (“EGM”) of its shareholders, which was held today.

Key Points: 
  • Bunge Limited (NYSE: BG) (“Bunge”) today announced the results of its extraordinary general meeting (“EGM”) of its shareholders, which was held today.
  • Shareholders approved the acquisition of Viterra Limited, including the issuance of 65,611,831 common shares, par value $0.01 per share, of Bunge Limited.
  • “We appreciate our shareholders’ vote of confidence in our strategy to position Bunge as a premier global agribusiness solutions company through the merger with Viterra,” said Greg Heckman, Bunge CEO.
  • The final vote results will be reported in a Form 8-K to be filed by Bunge with the Securities and Exchange Commission.

Bunge Limited to Hold Extraordinary General Meeting of Shareholders

Retrieved on: 
Monday, August 14, 2023

Bunge Limited (NYSE: BG) (“Bunge”) announced that it will hold an extraordinary general meeting (“EGM”) of its shareholders on October 5, 2023 at 9:30 a.m. Central Time.

Key Points: 
  • Bunge Limited (NYSE: BG) (“Bunge”) announced that it will hold an extraordinary general meeting (“EGM”) of its shareholders on October 5, 2023 at 9:30 a.m. Central Time.
  • Shareholders of record as of the close of business on August 3, 2023, are entitled to receive notice of and to vote at the EGM.
  • Bunge’s Board of Directors unanimously recommends that shareholders vote "FOR" the following proposals, as described in more detail in the definitive proxy statement filed by Bunge with the Securities and Exchange Commission on August 7, 2023.
  • Bunge shareholders who have questions regarding Bunge’s EGM, or the Redomestication or the Acquisition, may contact either of the following:

Bunge, Chevron Acquire Argentina Seed Business Chacraservicios

Retrieved on: 
Wednesday, July 5, 2023

Bunge (NYSE: BG) and Chevron’s Renewable Energy Group Inc., a subsidiary of Chevron Corporation (NYSE: CVX), acquired Chacraservicios S.r.l., based in Argentina, from the Italian-based Adamant Group.

Key Points: 
  • Bunge (NYSE: BG) and Chevron’s Renewable Energy Group Inc., a subsidiary of Chevron Corporation (NYSE: CVX), acquired Chacraservicios S.r.l., based in Argentina, from the Italian-based Adamant Group.
  • View the full release here: https://www.businesswire.com/news/home/20230705839152/en/
    “Across our business, our decision-making process includes a focus on carbon.
  • Chacraservicios is focused on the cultivation of Camelina Sativa, a cover crop with high oil content, that benefits farmers, consumers and the environment.
  • “Agricultural innovation is powering renewable fuels development around the world, and opportunities like this are helping Chevron expand our portfolio of affordable, reliable and lower carbon fuels,” said Natalie Merrill, senior vice president for business development with Chevron Renewable Energy Group.

IMPORTANT ALERT: Halper Sadeh LLC Investigates KDNY, BG, NEX, PTEN

Retrieved on: 
Sunday, June 25, 2023

If you are a Chinook shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Chinook shareholder, click here to learn more about your rights and options .
  • NexTier Oilfield Solutions Inc. (NYSE: NEX)’s sale to Patterson-UTI Energy, Inc. for 0.7520 shares of Patterson-UTI common stock for each share of NexTier common stock.
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.