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While recent rains have helped some and raised hopes of a decent harvest, many Alberta producers are struggling financially. Experts say every producer should understand their options, whether that’s increasing their operating loan, deferring debt payments, taking a cash advance, or having AgriInsurance and AgriStability coverage.
News

Struggling with cash flow? Take a second look at these farm lending programs

Giving yourself some financial breathing room can make your operation stronger — and reduce your stress

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Hammered by dry weather and trade upheaval, many Alberta producers are struggling with cash flow. And more will be in the months ahead. But there is help out there. “It’s important for producers to know that there are more options out there than they may realize,” said Don Anderson, Farm Credit Canada’s senior vice-president of […] Read more
News

Drive Away Hunger campaign underway

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Donations of cash and food are now being accepted at Farm Credit Canada offices for this year’s Drive Away Hunger campaign. The initiative supports meal programs in 100 schools across the country and since its inception, has provided more than 50 million meals. According to Food Banks Canada, more than four million Canadians — both […] Read more
Crops, Markets, Weather

Flexibility available for farmers on FCC loan payments

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Farm Credit Canada says it remains willing to work around the various forces majeures standing between its farmer clients and their cash flows this year. The Crown lending agency reiterated Monday it will work with customers “to come up with solutions for their operations on a case-by-case basis” in view of this spring’s weather worries […] Read more
Crops, Machinery & Shop, Markets, Weather

China, drought, debt shake Canadian farm finances

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Winnipeg/Ottawa | Reuters — For years, the financial stability of Canadian farmers was the envy of their U.S. counterparts, but rising costs, drought and a dispute with China have weakened their bottom lines. Net incomes plunged last year, and that setback was followed in March by China’s halting purchases of canola, Canada’s biggest crop. Now […] Read more
News

College adds ‘data lab’ to Smart Farm

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Farm Credit Canada is donating $200,000 over the next four years for a “data lab” at Olds College’s Smart Farm. The lab is a technologically advanced workspace, available for students, instructors, and industry partners “to meet, collaborate and learn,” the college said in a news release. “The AgExpert Data Lab brings together data from our […] 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.
News

Red-hot land market shows signs of cooling

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

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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
General, Markets

Report shows slower pace for rising farmland values

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While lower-valued farmland more often showed a higher rate of increase, and price hikes varied from region to region, Canada’s farmland values on average have booked their slowest year-over-year rate of increase in almost a decade. That’s according to the annual Farmland Values Report from Farm Credit Canada (FCC), in which the federal ag lending […] Read more
News

Deadline fast approaching for FCC AgriSpirit Fund

Applications being accepted until March 29

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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.
News

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

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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
Livestock, Machinery & Shop

FCC offers up new Starter Loans

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“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

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AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending July 19, 2019

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