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Agriculture Report

Teachers' Pension Buys Shares In Monsanto

Fadi

By Fadi Didi

Pension Plan board increased its shares in Monsanto by 1.8 per cent during the fourth quarter of 2017.


Length: 1:33

The Ontario Teachers Pension Plan board .... has expanded its presence in the agricultural industry.

O-T-P-P represents the retirement interests of 182,000 Ontario elementary and secondary school teachers.

The Pension Plan board increased its shares in Monsanto by 1.8 per cent during the fourth quarter of 2017.

Already, it held over 500 thousand shares of the company worth 58.4 millino dollars.

Now, the investment fund has purchased another 9 thousand shares for just over 1 million dollars.

Monsanto is OTTP’s 22nd largest stock and accounts for about 0.7 per cent of the board’s total investment portfolio.

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American farmers are letting their elected representatives know how they feel about President Trump's budget and its impact on the federal crop insurance program.

The President is considering cutting crop insurance funding by $22.4 billion, or about 33 percent, between 2019 and 2028.

Mike Shane, a farmer and ag lender in Illinois says crop insurance is a very important tool to producers.

He says without crop insurance, there'd be no way he would put his family at risk with the devastation that can happen with a crop fails.

Shane says crop insurance also helps farmers access the capital they need to continue producing crops.


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