Reading Time: 5 minutes There’s been a surge in the number of farmers seeking cash advances thanks to soaring interest rates and a big increase in the interest-free portion of the loan. And the deal might even be tempting farmers who don’t need an operating loan. On April 3, the opening day of the 2023 program, the Canadian Canola […] Read more
Cash advance applications soar along with interest rate
With the interest-free portion being upped to $350,000, producers would save thousands — or even invest it
Feed weekly outlook: Short-term premiums add to fluctuations
Truckers seen trying to stay as local as possible
MarketsFarm — Although most feed grain buyers were fairly well covered through spring seeding, Susanne Leclerc of Market Master Ltd. at Edmonton said some were looking for feed to get through the coming weeks and offered premiums. “Which is a shock for seeding season,” she said, suggesting it’s best to shop around, with prices fluctuating […] Read more
Unique year-round grazing method pays major dividends
Constant searching for new grazing ideas has led Dave Sammons to a strategy that works
Reading Time: 3 minutes Cow-calf producer Dave Sammons has come up with a unique and varied grazing strategy that has cut his workload and feed bills while boosting organic matter. His system on his mixed farm near Gleichen includes stubble grazing into early winter, then moving the herd onto cover crops, and then onto corn. “The grazing has helped […] Read more
Silence follows in wake of ouster of farm groups’ senior managers
Tom Steve was highly regarded in the grain sector but was abruptly dismissed with no reasons given
Reading Time: 3 minutes The board directors of Alberta Wheat and Alberta Barley are staying mum on why they abruptly ousted Tom Steve, their highly regarded general manager. Steve, chief operating officer Syeda Khurram and FarmCash program manager Hasan Kazmi were all dismissed on April 26. The two cereal groups didn’t announce the dismissals, and when the news broke […] Read more
Latest StatCan stocks report ‘least important of them all’
Wheat, canola numbers not expected to have significant impact on markets
MarketsFarm — For MarketsFarm Pro analyst Mike Jubinville, there was little in the latest Statistics Canada (StatCan) grain stocks report that would budge the markets. “When I look at the run of StatCan reports that we get through the year, whether they’re acreage, production or ending stocks, this report in May is the least important […] Read more
STRIP TILL: It’s new, it’s tricky and you can’t ask the neighbours for advice
On paper, strip-till is an excellent way to reduce erosion and improve soil health, but there’s a learning curve
Reading Time: 4 minutes Being a pioneer isn’t easy, but sometimes it can pay off. Or at least that’s what John Kolk hopes. Over the past few years the southern Alberta farmer has been using strip tillage on row crops such as dry beans, corn and soybeans. Although the system hasn’t been a big earner in terms of dollars […] Read more
Feed weekly outlook: Futures pressure Canadian prices
Some buyers still seeking coverage
MarketsFarm — Prices for feed grains in Western Canada continue to ease off, but seasonal activity isn’t the only reason contributing to the declines. Erin Harakal, trade manager at Agfinity Inc. at Stony Plain, Alta., said futures markets are also playing their part in pressuring feed grain prices. “Especially with the wheat markets due to […] Read more
Klassen: Feeder cattle supplies remain snug
Feedlots expect significantly cheaper barley come harvest
Compared to last week, western Canadian feeder cattle markets traded $3-$4 on either side of unchanged. Premium low-flesh yearlings were one off bids $15-$20 above average. Cattle buyers commented that there were larger volumes of fleshier yearlings. Cattle with heavier butter levels were discounted from our listed values by $5 to as much as $10. […] Read more
Three senior executives out at Alberta wheat & barley commissions
Move comes as groups work towards August 1 amalgamation target
Reading Time: 2 minutes Two of Alberta’s largest farm groups have seen an abrupt change in leadership. It’s reported that three individuals have left the senior leadership team of the Alberta Wheat Commission and the Alberta Barley Commission. General manager Tom Steve, COO Syeda Khurram and cash advance program manager Hasan Kazmi are reported to have left effective April […] Read more
Feed weekly outlook: Grain area to increase this year
Oats area expected to be reduced
MarketsFarm — Early signs point to increased Canadian feed grain production in 2023-24, with record corn acreage intentions and increases in both barley and wheat area on the year, according to the latest estimates from Statistics Canada. Planted corn area in the country is forecast at 3.725 million acres in 2023, which would be up […] Read more
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