GFM Network News

Germany is one country where a targeted growth strategy could pay dividends, says a new report from Farm Credit Canada. On the food side, Canada’s “stellar reputation” for food safety and quality provides an opening to sell more processed pork and beef products while the EU’s move away from palm oil gives canola oil opportunities in the biofuel market. (Pictured is a meat shop in Regensburg)

Seize the opportunity to grow Canadian food exports

Canada can be ‘a leading supplier of food’ in the world if it strategically targets the right markets

Canada will need to grow and diversify its export markets if it hopes to reach its export targets by 2025, says a new report from Farm Credit Canada. “As an industry, we have quite ambitious targets when it comes to exports,” said J.P. Gervais, FCC’s chief agricultural economist. “The federal government put a $75-billion target […] Read more

Farm Credit Canada forecasts prices gains ahead

Prices for canola, wheat and red lentils will go higher in the comings months, Farm Credit Canada says in its latest price projections. Canola will average $520 a tonne over the next six months, the ag lender said in an early-November e-newsletter. That compares to $443 a tonne for the Jan.-Sept. period. FCC pegs spring […] Read more

FCC identifies export, market opportunities for Canadian food

The ag lender's latest report highlights canola oil, pork, potato products, crab meat

Canada is already a major exporter of agricultural goods, food and beverages — but increasing food and beverage exports is still one of Canada’s biggest trade opportunities, Farm Credit Canada (FCC) says. And by diversifying exports, farmers will become less dependent on current major markets, reducing their financial risk. “When borders close for any number […] Read more

Women Entrepreneur Program proves popular

Farm Credit Canada has loaned nearly $1 billion under a program aimed at increasing the number of women entrepreneurs in the ag sector — twice what was allocated when the program launched a year and a half ago. The Women Entrepreneur Program was designed to encourage female farm operators and women in the agri-food sector […] Read more

Free mental health training workshops on offer

Workshops focus on identifying mental health issues and providing support, but deadline is Oct. 31

The Do More Agriculture Foundation is accepting applications for its rural mental health training program until the end of the month. The program is aimed at developing the capacity for mental illness identification and support in rural areas. Those taking the program receive education to identify mental health concerns and provide initial supports to producers […] Read more

BASF donation welcomed as food bank use increases

Farm Credit Canada’s Drive Away Hunger campaign got a boost from BASF Canada with a donation of 100,000 meals. “Now more than ever, our communities need our help,” said Jonathan Sweat, vice-president, Business Management, Agricultural Solutions for BASF Canada. “While a lot has changed in 2020, hunger hasn’t.” There are more than a million visits […] Read more

Land prices in Alberta rose at a torrid pace until last year, when they only went up 3.3 per cent. But the march upward resumed in the 12-month period from July 2019 to June of this year.

They ain’t making more: In land we trust — even during a pandemic

Alberta’s farmland values increased at a pace of 8.5 per cent over the past year

COVID-19 has created shockwaves across the agricultural marketplace over the past six months — but has it affected farmland prices? “So far, we’re pretty confident to say no,” said J.P. Gervais, chief agricultural economist for Farm Credit Canada. “Right now, given the data that we have, we see very little impact of the pandemic on […] Read more

Got land fever? There’s a ratio for that

It’s easy to get a case of land fever, especially when those acres are nearby and would fit nicely into your operation. But to keep things in perspective, it helps to have an objective tool for gauging affordability. In a recent article, a Farm Credit Canada economist recommends using the price-to-revenue ratio (the per-acre land […] Read more

Alberta community groups receive $264,000 for projects

Fifteen Alberta community groups have received more than a quarter of a million dollars from Farm Credit Canada’s FCC AgriSpirit Fund. Nationwide, the charitable arm of the farm lender is giving $1.5 million to 92 rural community groups this year to help support capital projects. The grants, which range from $5,000 to $25,000, are for […] Read more

Alberta farmland prices rise again

Farmland prices in Canada are “once again showing modest increases” in the first half of the year — except in Alberta and Saskatchewan, according to the latest report from Farm Credit Canada. While the national average increase was 3.7 per cent, Alberta saw a jump of 8.5 per cent in the 12 months ending in […] Read more