Reuters — What is the value of a river? Is it for the nutritional content of the fish it sustains? The economic benefit of the local livelihoods it supports? Or does the river have its own value which humans cannot measure? Such questions may seem removed from the issues the world faces, from deepening climate […] Read more
Market value alone is selling nature short, governments told
Economic valuations needed but 'not sufficient,' co-chair says
ICE weekly outlook: The larger picture behind drop in canola
MarketsFarm – While the declines in canola prices can be partially attributed to the lack of major weather concerns on the Canadian Prairies and the early development of this year’s crop, an analyst said the main reason is on a grander scale. “The major one is the overall drop in the commodity world. For instance, […] Read more
ICE weekly outlook: ‘Meltdown’ not yet on canola market radar
MarketsFarm — There’s more to the sharp decline in U.S. wheat and corn futures than the possibility of Ukrainian exports returning to the global market along with the massive liquidation of longs, according to analyst Errol Anderson of ProMarket Communications in Calgary. “My theory with what is going on is that we’re seeing a fairly […] Read more
2021 was a very robust year for Canadian ag
Reading Time: < 1 minute Canadian farmers contribute nearly $140-billion to the economy, says a new snapshot of the sector from AgCanada. “Despite COVID-19, the drought in Western Canada, the flood in British Columbia and other trade disruptions, the overall agriculture sector saw growth in 2021 and is expected to continue to perform well in 2022,” the department said. It […] Read more
Pandemic home cooking trend is ‘entrenched’
Reading Time: < 1 minute Even though they’re paying more for ingredients, food manufacturers aren’t being squeezed and have been able to pass on cost increases to consumers, says a new report from CoBank, a major American lender. The pandemic led to a surge in spending at grocery stores as restaurant sales plunged. Market watchers thought that would be reversing […] Read more
Crystal balls are especially wonky, so watch your news feed
There’s been so much upheaval on every front, watchlists are replacing predictions
Reading Time: 2 minutes Farm Credit Canada is steering clear of predictions and instead offering producers a short list of things to monitor in 2022. The pandemic, weather disasters, supply chain disruptions, labour issues and the reappearance of inflation are among the many things that are making “trends increasingly difficult to forecast,” FCC said in a recent release. But […] Read more
Irrigation packs a big economic punch
Reading Time: < 1 minute Irrigation is an economic engine that keeps on getting bigger and contributing more to the provincial economy, according to a new study commissioned by the Alberta Irrigation Districts Association. The study concluded the economic contribution of irrigated crop and livestock production along with irrigation-related food processing and certain non-irrigation benefits added $5.4 billion annually to […] Read more
Canada economy seen weaker than expected as supply chain woes weigh
Ottawa | Reuters – The Canadian economy most likely underperformed expectations in the third quarter amid ongoing supply chain woes and a brutal drought, official data suggested on Friday, prompting analysts to forecast the Bank of Canada could move slower on rate hikes. The economy expanded by 0.4 percent in August, missing estimates, and looked […] Read more
Canada concerned about supply chain issues, watching ports ‘closely’
Reuters –– Canada is concerned about the challenges facing global supply chains and is watching the country’s ports very closely, Finance Minister Chrystia Freeland said on Thursday. Freeland, speaking to reporters in Washington after meetings of the World Bank and International Monetary Fund, said she was broadly optimistic about the strength of Canada’s economic recovery […] Read more
A beefy economic contribution
Reading Time: < 1 minute The economic importance of the beef sector can’t be determined just by looking at farm cash receipts, says Canfax. A new study adds in “direct, indirect and induced impacts” that flow from cattle production. “For Canada in the 2018-20 period, the cattle sector had $51.6 billion in goods and sales, contributed $21.8 billion to gross […] Read more
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