GFM Network News


Japan beef buyers ease back a bit on purchases

After surging in January, beef sales to Japan slipped a little in February as buyers adjust to the new Trans-Pacific trade deal, says the Canadian Cattlemen’s Association. An initial tariff cut (to about 27 per cent from 38.5 per cent) in the new year saw beef sales more than triple in January to 3,545 tonnes […] Read more

BMO offers relief for farmers

BMO is offering a “financial relief program” for farmers in Western Canada. The program will allow qualifying clients to defer principal payments for a year and temporarily increase their operating loan. The bank is also offering to waive or reduce fees “for applicants impacted by cash flow shortages as a result of the recent price […] Read more


The price of Alberta farmland jumped another 7.4 per cent last year, says FCC. But that’s the smallest increase in a decade and the price increase this year may only be half that, says the ag lender.

Red-hot land market shows signs of cooling

Prices have soared for nearly a decade but that trend may be coming to an end

The price of Alberta farmland took another big jump last year — but there are strong signs the red-hot bull market is finally cooling off. Overall, Canadian acres saw their smallest price increase in nearly a decade, and the amount of land changing hands dropped as many would-be buyers either stayed on the sidelines or […] Read more

G3 announced a pair of new elevators for Alberta late last month.

Grain handler G3 to further expand Alberta footprint

The Winnipeg-headquartered company expects to have five Alberta elevators up by end of 2020

Having started 2018 with zero grain elevators in the Alberta market, G3 expects to soon have five in progress. The Winnipeg-based grain handler plans to start construction by this summer on a pair of 42,000-tonne-capacity elevators near Stettler and Irricana, for completion the following year. The Stettler County elevator is to be built near the […] Read more


Scholarships for students pursuing an ag education

Application deadline is April 30

Applications are now open for scholarships offered by the Canadian Agri-Business Education Foundation. There are seven Pathways to Agri-Food Scholarships awarded across the country, including one in Alberta. They are given to students entering or currently pursuing an agricultural or agri-food-related program at a Canadian college, university, or technical institution. The scholarships are worth $2,500 […] Read more

Deadline fast approaching for FCC AgriSpirit Fund

Applications being accepted until March 29

Applications from registered charities and non-profit organizations in rural Canada for the Farm Credit Canada’s AgriSpirit Fund are being accepted until March 29. The fund provides grants of $5,000 to $25,000 for community improvement initiatives, such as capital expenditures on equipment purchase and installation; energy-efficient building improvements; and repairs and purchasing of rescue and fire […] Read more


Canola checkoff tax credit available

Canola growers who didn’t ask for a checkoff refund last year can get a tax credit for the portion used for qualifying research. The tax credit rate for Alberta canola producers in 2018 is 17.43 per cent. That means a grower who paid $100 in canola checkoffs would receive a $17.43 tax credit. The Scientific […] Read more

The big-picture economic view of the coming year is like the satellite one — a bit hazy, a bit turbulent, 
but not bad overall.

Buckle up: Here’s your economic forecast for 2019

Canada’s top ag economist has the lowdown on the economy, trade, interest rates, and your income

What’s the forecast for Canadian ag? How about murky with a good chance of turbulence? ‘Headwinds’ was the phrase du jour when the country’s foremost ag economist came by FarmTech late last month. “There are lots of good things going on in the industry, but lots of headwinds as well — trade tensions, weather, excess […] Read more


Court ruling alone won’t fix ‘orphan’ well crisis

There are now more than 3,000 abandoned wells in Alberta, and many more that are no longer active

A Supreme Court ruling that puts cleanup ahead of creditors is a step forward — but won’t “make too much difference” to landowners with abandoned wells, says a director with the Alberta Surface Rights Federation. “The landowners are still going to be in a situation where they have to deal with contaminated land for maybe […] Read more

Sometimes grain buyers offer a little bit extra for producers willing to sell some crop but store it for later delivery.

Want to get paid for storing grain?

Taking advantage of a strong carrying charge market can make you some money, says market analyst

Confused about the price spread for crops between delivery months? Sometimes the spread between future month prices for crops with a futures market is particularly noticeable. The amount of carrying charge is a measure of what the market is paying to store the crop from one period to the next, said provincial crop market analyst […] Read more