Raven Industries, Inc. (the Company; NASDAQ:RAVN) announced today that it is Great Place to Work-Certified™. Certification is a significant achievement. Using validated employee feedback gathered with Great Place to Work’s rigorous, data-driven methodology, certification confirms at least 7 out of 10 employees have a consistently positive experience at Raven Industries. Great Place to Work® is the global authority on workplace culture, employee experience and the leadership behaviors proven to deliver market-leading revenue and increased innovation.
"We are thrilled to be Great Place to Work-Certified,” said Nicole Freesemann, Vice President of Human Resources. "The Raven culture is something we are extremely proud of, and our team members reported a consistently positive experience with their coworkers, their leaders, and their jobs. We know that when our team members have a high-trust experience every day, they are more productive, drive better business results and make a difference to our customers.”
Surveyed with the Great Place to Work Trust Index™ Survey in August 2020, 85 percent of team members at Raven say it is a great place to work, versus 59 percent at a typical company. The following statements were also confirmed:
90 percent: I’m proud to tell others I work here.
89 percent: When I look at what we accomplish, I feel a sense of pride.
89 percent: When you join the company, you are made to feel welcome.
88 percent: People care about each other here.
"We congratulate Raven Industries on their Certification,” said Sarah Lewis-Kulin, Vice President of Best Workplace List Research at Great Place to Work. "Organizations that earn their employees’ trust create great workplace cultures that deliver outstanding business results.”
Learn more about Raven’s award-winning culture and career opportunities at ravenind.com/careers.
About Raven Industries, Inc.
Raven Industries (NASDAQ: RAVN) is dedicated to providing innovative, high-value products and solutions that solve great challenges throughout the world. Raven is a leader in precision agriculture, high-performance specialty films, and lighter-than-air technologies. Since 1956, Raven has designed, produced, and delivered exceptional solutions, earning the company a reputation for innovation, product quality, high performance, and unmatched service. For more information, visit https://ravenind.com.
About Great Place to Work®
Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees around the world and used those deep insights to define what makes a great workplace: trust. Great Place to Work helps organizations quantify their culture and produce better business results by creating a high-trust work experience for all employees. Their unparalleled benchmark data is used to recognize Great Place to Work-Certified™ companies and the Best Workplaces™ in the U.S. and more than 60 countries, including the 100 Best Companies to Work For® and World’s Best list published annually in Fortune.
To learn more, visit greatplacetowork.com, listen to the podcast Better by Great Place to Work, and read "A Great Place to Work for All.” Join the community on LinkedIn, Twitter, and Instagram.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200902005171/en/
OTTAWA, ON, Nov. 28, 2020/CNW/ - Today, the Honourable Marie-Claude Bibeau, Minister of Agriculture and Agri-Food, announced a substantial package that delivers on the Government of Canada's commitment to full and fair compensation for the market access concessions made under the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Canada's supply-managed dairy, poultry and egg farmers are part of the backbone of the Canadian agriculture sector and the Canadian economy. They continue delivering the best quality products to the kitchen tables of Canadians, despite challenges presented by the COVID-19 pandemic. The strength of Canada's supply management sector is essential to the vitality of our family farms and rural regions from across Canada.
In August 2019, Minister Bibeau announced that $1.75 billion would be provided to compensate Canadian dairy farmers over 8 years. Between December 2019 and January 2020, more than 10,000 dairy farmers received a cash payment of $345 million. Today, the Government has set a schedule to deliver the remaining $1.405 billion through direct payments to farmers over a timeline of only three years.
Dairy farmers will receive, on the basis of their milk quota, cash payments of $468 million in 2020-21, $469 million in 2021-22 and $468 million in 2022-23. The owner of a farm with 80 dairy cows will be awarded compensation in the form of a direct payment of approximately $38,000 each year. These amounts also build on the $250 million CETA on-farm investment program, and provide certainty on the schedule and form of remaining payments in the $2 billion total compensation package for dairy farmers.
The Government is also announcing $691 million for 10-year programs for Canada's 4,800 chicken, egg, broiler hatching egg, and turkey farmers. Responding to sector demands, these programs will drive innovation and growth for farmers. Program details will be designed in consultation with sector representatives and launched as soon as possible.
Furthermore, the Government of Canada remains committed to engaging the sector on full and fair compensation for the Canada-United States-Mexico Agreement (CUSMA), and to processors of supply managed products.
"Our Government is fully behind our supply management sector, which supports our family farms and the vitality of our rural areas. Today's announcement of a substantial compensation package for our dairy, poultry and egg farmers shows our support for a strong supply management sector for many generations to come." - The Honourable Marie-Claude Bibeau, Minister of Agriculture and Agri Food
"The level of certainty provided by this announcement enables us to be in a better position in terms of innovations and efficiencies to better compete with increase imports of dairy products made from foreign milk."- Pierre Lampron, President, Dairy Farmers of Canada
"Canada's 2,877 chicken farmers appreciate the announcement today on mitigation measures stemming from the CPTPP. Farmers have waited a long time to see action on this file, and we believe that this is a step in the right direction. We look forward to continuing our work on the investment and market development programs for our sector." - Benoît Fontaine, Chair, Chicken Farmers of Canada
"Hatching egg producers have suffered significant losses due to recent trade agreements and we are pleased that the federal government finally recognizes the significant challenges posed to our farmers by CPTPP. We will continue to work closely with the federal government to develop policies that mitigate the impacts of the CPTPP and CUSMA"- Brian Bilkes, Chair, Canadian Hatching Egg Producers
"Turkey Farmers of Canada appreciates the announcement of mitigation funding required as a result of the CPTPP agreement. The access granted to our domestic market poses significant losses to Canadian turkey farmers. This funding will be used towards market development programs and for farmers to reinvest in their operations. We remain committed to continued work with the government and continued progress on this file." - Darren Ference, Chair, Turkey Farmers of Canada
"With today's announcement, the government has taken a positive step in supporting Canada's egg farmers. This investment in our sector will provide new opportunities for our farmers to reinvest in their operations and plan for the future as they navigate the market losses as a result of the CPTPP agreement. We appreciate the government's continued and vocal support for supply management, and look forward to the continuation of this commitment moving forward." - Roger Pelissero, Chair of Egg Farmers of Canada
The Government of Canada has maintained the three pillars of Canada's supply management system for dairy, poultry and eggs — production control, pricing mechanisms, and import control.
During negotiations for the Canada-United States-Mexico Agreement (CUSMA), the Government defended supply management from American efforts to dismantle it. In the recently concluded agreement with the U.K., the Government defended Canada's supply management system, and will continue to do so in future discussions with the U.K. The Government has been clear that there will be no more concessions on supply management in future trade negotiations.
In 2019, there were 10,371 dairy farms in Canada, supporting close to 19,000 direct jobs on farms.
There are over 4,000 producers of chicken, broiler hatching eggs, turkey, and eggs in Canada. The four supply managed poultry and egg sectors (chicken, broiler hatching eggs, turkey, and eggs) generated over $4.9 billion in farm cash receipts in 2019, 7.4 percent of all farm cash receipts in Canada. According to industry, Canada's poultry and egg sector supports more than 140,000 direct and indirect jobs.
Because of the downturn of the restaurant and food service industry during the COVID-19 pandemic, the Government of Canada helped dairy farmers deal with the resulting surpluses of products like cream, by increasing the borrowing capacity of the Canadian Dairy Commission by $200 million. This gives the Commission added capacity to purchase excess perishable products like cream and convert them into longer lived ones like cheese in order support producers and reduce food waste during market disruptions.
Once fully phased-in, concessions made under three trade deals (the Canada-European Union Comprehensive Economic and Trade Agreement (CETA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the CUSMA), as well as World Trade Organization commitments, are estimated to be equivalent to approximately 10 percent of Canada's current milk production.
The demand for Canadian dairy remains strong, and has grown by almost six percent over the past 10 years.
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SOURCE Agriculture and Agri-Food Canada
Newscast/Universal Images Group via Getty ImagesQuaker Foods, the PepsiCo division best known for its oatmeal, has posted best-in-a-decade growth so far in 2020 as consumers eat more meals at home during the pandemic.
Despite a reduction in the range and varieties of foods on grocers' shelves this year, Quaker has pushed new products, such as Cheetos Mac 'n Cheese, to stores in order to take advantage of adjusted eating habits, General Manager and Senior Vice President Robbert Rietbroek told Business Insider.
The brand is doubling down on marketing its oats to families and other demographics that purchased its products for the first time during the pandemic in a bid to keep the growth going into 2021.
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At the end of 2019, Quaker Foods' sales growth was trailing both PepsiCo's beverage and snack-focused divisions. The brand was also facing questions from analysts about its strategy, including the failed rollout of its own version of oat milk.
Now, Quaker Foods — best known to consumers for its oatmeal — is on track to end 2020 as one of the fastest-growing components of PepsiCo's empire. And its top executive says it can keep the momentum going in 2021 thanks to new products introduced this year, including protein-enhanced oatmeal and Cheeto-flavored macaroni and cheese.
"The year to date has been our best year in at least a decade," said Robbert Rietbroek, senior vice president and general manager at Quaker Foods North America.
North American sales at Quaker grew 6% on an as-reported basis for the third quarter ended September 5, on-par with growth at PepsiCo's Frito-Lay snack division and its core beverage business. Quaker sales for the second quarter, which ended in June, notably jumped 23% as consumers stocked up on goods as COVID-19 cases rose during the spring.
According to data from IRI, Quaker sales at retailers have increased 12.1% in 2020 through November 15 — more than offsetting losses at foodservice establishments. Products from mainstay oatmeal to cold cereal, a category where sales were declining prior to the spread of coronavirus, have benefited. Only Quaker's snack bars, including its Chewy granola bars, have lost ground as fewer consumers look for foods that they can take on-the-go, Rietbroek said.
The introduction of new products has been one key part of Quaker's strategy this year, even as it has broadly narrowed the products it produces to account for soaring demand at retailers. The company introduced Cheetos Mac 'n Cheese, for instance, as part of a slate of 10 new product lines it had planned for 2020 before the pandemic.
"We were very clear from the very beginning of this year when all the events unfolded that we could not stop innovating," Rietbroek said.
Quaker, which has an established pasta line under its Rice-A-Roni and Pasta Roni labels, got into the mac and cheese business after noting that 70% of Cheetos buyers also regularly consumed the dish, and that many mac and cheese eaters liked to sprinkle a crushed form of the cheese snack on their pasta.
"We are experts in pasta," Rietbroek said. "We were simply not participating in the very large mac and cheese segment." After refining a formula and designing a box that includes Cheetos' mascot, Chester Cheetah, Quaker realized that the concept was potentially a "really big idea," he added.
Other product launches during the pandemic have been more incremental. Quaker developed high-protein versions of its best-selling oatmeal flavors, such as maple brown sugar and apple cinnamon, and convinced grocers to sell them even as many were trying to reduce the number of new products on their shelves in order to keep other key items in stock.
"The retailers were super excited that [the protein improvement] was actually one of our best-selling flavors, and that's why we got strong distribution," Rietbroek said.
Families with young children are one group that has consumed more Quaker products during the pandemic. Even Quaker's standard oats have attracted new first-time buyers, including many who have bought Quaker products to include in baked goods.
In response, Quaker has introduced larger packs of oatmeal at retailers, debuted new flavors, and tailored advertising campaigns to appeal to families. The goal, Rietbroek said, is to keep as many of the new buyers coming back to Quaker as possible.
"We are really doubling down on that cohort," he said. "We believe that new trial will lead to repurchase in 2021. At least, we're hopeful that that's the case."