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By Alice McFarlane

Agriculture Roundup

Agriculture Roundup for Friday January 17, 2020

Jan 17, 2020 | 9:46 AM

Two Saskatchewan investment funds have announced an unspecified investment in Regina-based Degelman Industries.

Golden Opportunities, managed by WestCap, said the investment will keep Degelman rooted in Saskatchewan.

Degelman, known for its farm and industrial equipment, sells over 50 products through an extensive network of dealers in Canada, U.S., Russia, Australia, Germany, Kazakhstan, South Africa and Ukraine.

Westcap President Grant Kook said the investment will continue to drive economic growth to reach markets around the world.

Degelman has 269 employees, including an experienced management team, which is now a part of the ownership group.

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A farmer from Redvers will lead the Saskatchewan Canola Development Commission (SaskCanola).

At the SaskCanola annual general meeting in Saskatoon this week, Wayne Truman was elected chair for his eighth and final year on the board. Gerry Hertz of Edenwold will serve as vice chair.

Truman thanked Lane Stockbrugger of Engelfeld for his leadership over the past year.

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The Republican-led U.S. Senate passed North America’s long-delayed new free trade pact.

The implementation bill, which is the nuts and bolts of how the U.S.-Mexico-Canada Agreement will be executed, cruised through the Senate by a margin of 89 to 10.

Short of the president’s signature, which is expected as early as next week, the focus now shifts back to Canada.

The federal government has been waiting for legislative progress on the American front before introducing its own implementation bill.

Officials in the Prime Minister’s Office said they expect the agreement to be high on the government’s agenda when Parliament resumes Jan. 27.

Mexico ratified the deal in June.

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alice.mcfarlane@jpbg.ca

On Twitter: @AliceMcF