GFM Network News

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

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

A recent Farm Credit Canada survey showed producers’ attitudes toward sharing their data has shifted significantly.

Producers value farm data, but fear how it’s being used

An FCC survey found that one in four farmers has become less comfortable sharing data

The topic of data management tends to draw a lot of yawns from farmers. But in an increasingly digitized world, it shouldn’t. “This is one of the hottest topics in agriculture,” said Fred Wall, Farm Credit Canada’s vice-president of marketing. “It’s something that I think the industry needs to take very seriously.” And that shift […] Read more

FCC offers up new Starter Loans

“Preferential” loan rates are available to young farmers or agribusinesspeople planning start-ups through a new Farm Credit Canada lending program. Lawrence MacAulay, addressing the Canadian Federation of Agriculture’s annual meeting Wednesday in Ottawa when he was still federal minister of agriculture, unveiled the federal ag lending agency’s new Starter Loan Program. The program, according to […] 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

The long-term outlook for Canadian agriculture remains positive.

Farm income falls in 2018, but holding for now

Canadian farm income fell on market volatility, but export growth is still likely, says FCC

Final figures aren’t available yet but all signs suggest farm income in 2018 was clipped by several factors and will likely stay at that level through this year, said Farm Credit Canada’s chief economist. “Price volatility, higher input costs and weather-related challenges in many parts of the country over the past year took a toll […] Read more

4-H clubs receive $114,000 in grants

Sixty 4-H clubs in Alberta have received $29,585 from Farm Credit Canada 4-H Club Fund. The fund awards up to $500 for a wide range of projects including achievement days, skill-building workshops, field trips, public speaking competitions, and the purchase of club supplies. In total, the fund gave grants totalling $114,250 to 233 4-H clubs […] Read more

The U.S. Soybean Export Council still set up a booth at a major trade expo in Shanghai earlier this month — even though soybean exports to China have come to a virtual standstill. But Canada’s ag sector will emerge stronger when the current trade turmoil subsides, says a new report.

There’s light at the end of the trade war tunnel

Prices will return to normal and ag exports will continue to grow

Canada’s battle to renegotiate a free trade deal with the U.S. appears to be over, but global trade wars rage on — and that means producers can expect volatile markets for some time to come. But in the long run, it should all work out fine, says a new analysis by Farm Credit Canada on […] Read more