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Tag Archives Farm Credit Canada

Hogs, Livestock

Pork sector’s calls for aid heard, not yet answered

Federal government says it's examining "all options"

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Federal Agriculture Minister Marie-Claude Bibeau’s office said late last week the government is working “around the clock” to respond to the pandemic’s impact on farmers and agri-food businesses. But there was no commitment to the direct support Canadian pork industry officials say is now necessary to carry the sector through a crisis which has led […] Read more
Provincial comparison of farmland values: Annual percent change in farmland values from Jan. 1 to Dec. 31, 2019.
News

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

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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.
News

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’

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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
General, Markets, Weather

Canadian farmland trending less affordable in FCC report

Average values continue rising across board

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The average value of farmland in Canada is continuing to rise faster than farmers’ ability to generate revenue from it, Farm Credit Canada’s latest Farmland Values Report suggests. The report, released Monday, shows the average value of Canadian farmland rose 5.2 per cent in 2019 over 2018, the smallest year-over-year increase since 2010, and down […] Read more
General, Markets

Cash advance repayment deadlines extended

FCC gets added capital to boost lending capacity

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Canadian farmers who have repayment deadlines coming up on their cash advances between now and the end of April will get extra time to repay those loans. The federal government on Monday announced a stay of default on loans coming due on or before April 30 under the Advance Payments Program (APP), among other measures […] Read more
Beef Cattle, Livestock, Markets

Beef sector mobilizes against supply disruptions

Keeping border open, meeting demand for beef are top priorities

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Teams of livestock and government officials are quickly creating plans and policies to keep the sector functioning during the COVID-19 pandemic, says the executive vice-president of the Canadian Cattlemen’s Association. “Our primary objective obviously is to insure there is stable beef production and trade that can continue under the situation with the COVID-19 pandemic,” Dennis […] Read more
News

Finance and succession help for younger farmers

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Farm Credit Canada is putting on a series of events for younger farmers so they can learn how “to take control of their business journey.” Eight “young farmer summits” for producers under the age of 40 are being held across the country, including two in Alberta. “The future of Canadian agriculture depends on attracting the […] Read more
What keeps you awake at night? A recent survey of farmers found things such as marketing and working capital rank up there with production concerns.
News

Modern farming produces a bumper crop of worries

More than 1,300 farmers were asked about their top concerns — and it’s a long list

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What’s your biggest worry? Weather? Yield? Disease or pests? It’s actually selling what you produce, according to a recent Farm Credit Canada survey. The survey asked 1,363 producers about their major concerns and 67 per cent had marketing on their worry list — topping both production (60 per cent) and financial (53 per cent) risks. […] Read more
Crops, Markets, Pulses

Pulse weekly outlook: FCC sees opportunities for exports

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MarketsFarm — Farm Credit Canada (FCC) on Tuesday released a report titled Diversifying Canada’s agriculture exports, which included pulses and also looked at some of the pros and cons to diversifying Canada’s wheat, canola and soybeans. “Canada has done extremely well in establishing strong trade relations in a number of key markets thanks to a […] Read more

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