GFM Network News


Provincial comparison of farmland values: Annual percent change in farmland values from Jan. 1 to Dec. 31, 2019.

The price of farmland likely to be unaffected by pandemic

The formerly red-hot market has cooled considerably, but the price of land isn’t getting cheaper

Reading Time: 2 minutes The pandemic seems to be impacting almost everything, but not the price of farmland. “I would expect that impacts are going to be minimal,” said J.P. Gervais, vice-president and chief agricultural economist for FCC. “We still have a very limited supply of available land for sale. That was the case in 2019. It was the […] Read more

Land is getting more expensive relative to farm income, says Farm Credit Canada’s chief agricultural economist.

Alberta farmland values likely to be unaffected by COVID-19

FCC farmland report doesn’t account for the pandemic, but impact on land values should be ‘minimal’

Reading Time: 2 minutes Alberta’s farmland values have been rising at a slower pace for nearly a decade, and the pandemic isn’t likely to change that. “I would expect that impacts are going to be minimal,” said J.P. Gervais, chief agricultural economist for Farm Credit Canada (FCC). “We still have a very limited supply of available land for sale. […] Read more


FCC AgriSpirit Fund deadline looming

Application deadline is March 31

Reading Time: < 1 minute There are only a few days left to apply for FCC AgriSpirit Fund grants. The program will see Farm Credit Canada award $1.5 million in funding this year to registered charities and non-profit organizations in rural Canada. Grants range from $5,000 to $25,000 but the application deadline is March 31. The fund supports projects that […] Read more

2018 cash advance deadline extended on pandemic concerns

Western Canadian farmers had more than $100 million coming due this month

Reading Time: 3 minutes Grain and livestock producers with a cash advance from 2018 will have until September to pay back their loan. “Hopefully, this will give them enough time to get it paid down so that we’re not forcing them into a default situation,” said Rick White, president and CEO of the Canadian Canola Growers Association, one of […] Read more


“We get into the habit of doing things because it’s the way it’s always been done, and with the industry changing so much, we can’t afford to do that anymore.” – Connie Adam

When times get tough, toughing it out may not be the answer

Some farmers are way more profitable than others — so do what they do, says farm finance expert

Reading Time: 4 minutes These are difficult days for farmers — but also a time to look at what you can do differently. “If you’re not a top performer, you’re likely not consistently profitable, you’re going to be susceptible to those market fluctuations, and you’re probably unable to consistently invest in your business,” said Connie Adam, associate partner at […] Read more

New ag policy centre opens at University of Calgary

Reading Time: < 1 minute The University of Calgary’s School of Public Policy is opening a new centre focused on the growth and sustainability of agri-food and agribusiness. The Simpson Centre for Agricultural and Food Innovation and Public Education will research public policies in four areas with a focus on Western Canada: trade policy, environment and climate change, agriculture as […] Read more


Sales of new tractors and combines “spiked quite nicely” two years ago but are now falling as farmers grapple with lower commodity prices and sharply higher equipment costs.

Pricey farm machinery and soft commodity prices don’t add up

Sales plunge as farm equipment prices and grain prices head in opposite directions

Reading Time: 4 minutes Farm equipment sales in Canada dropped off significantly last year as farmers faced bad weather and even worse commodity prices. “In short, (equipment sales) are not good. There’s no way to sugarcoat it,” said Curt Blades, senior vice-president of agricultural services for the Association of Equipment Manufacturers. “Net farm income in Canada is down pretty […] Read more

Tax credits available for cereal checkoffs

Reading Time: < 1 minute Cereal farmers who pay Alberta Wheat’s and Alberta Barley’s checkoff are eligible for Scientific Research & Experimental Development Fund (SR&ED) tax credits. For wheat, the tax credit is 31 per cent while for barley, it’s 13 per cent. The federal program encourages R&D investment by giving claimants tax credits for their expenditures on eligible R&D […] Read more


Changes to the cash advance program — spurred by China’s defacto ban on canola seed purchases — has resulted in more farmers using the program and borrowing larger amounts.

Cash advances take a ‘very dramatic’ jump, say administrators

Farmers can now borrow more against crops in their bins, and that’s what they’re doing

Reading Time: 4 minutes There’s been a “very dramatic” spike in applications for cash advances since Ottawa upped the amount farmers can borrow against crops in their bins. “We’ve had probably an extra 500 applications this year, and it’s not just new producers to the program — it’s also increased usage of the program by our existing customers,” said […] Read more

Farmers to be paid for ILTA Grain deliveries

Reading Time: < 1 minute Eligible producers who were not paid for grain delivered to ILTA Grain Inc. will be fully compensated through the Canadian Grain Commission’s Safeguards for Grain Farmers Program. The Saskatchewan-based pulse and canary seed buyer and exporter was put under creditor protection in July, defaulting on amounts owed to grain farmers for unpaid deliveries. The grain […] Read more