Reading Time: 2 minutes There were few surprises in Farm Credit Canada’s annual ranking of Canadian agriculture and agri-food exports. We remain the world’s fifth-largest agricultural commodity exporter for the sixth straight year, and have also held steady as the No. 11 exporter of manufactured food products. But “potential” abounds, says FCC’s chief agricultural economist J.P. Gervais. “There are […] Read more
The numbers — and the potential — are big for agri-food exports
Reports highlight strengths, weaknesses of Canadian ag exports
Commodity News Service Canada – There is room for improvement in the Canadian agricultural export market with competition from new markets globally, according to a pair of reports released by Farm Credit Canada. The FCC Ag Economics, Trade Ranking Report: Agriculture and FCC Ag Economics, Trade Ranking Report: Manufactured Food give overviews of Canada’s global […] Read more
Higher loonie will have many impacts
MARKET WATCH: A low dollar shielded Canadian farmers from lower commodity prices but it also raised the cost of farm equipment and inputs
Reading Time: 3 minutes While you were busy growing crops and raising livestock this summer, a rising dollar has been taking aim at your profits. The growing season started with the loonie trading under the 75 U.S. cents mark — and many analysts sticking to the theory it would stay low as long as oil prices remained in the […] Read more
Alberta groups receive funding for community projects
Reading Time: < 1 minute More than a dozen Alberta communities and organizations have received funding from Farm Credit Canada’s AgriSpirit Fund. The fund awards between $5,000 and $25,000 for community improvement projects such as hospitals and medical centres; fire and rescue equipment; playgrounds; food banks; libraries; arenas; swimming pools; recreation areas; and community centres. There were 1,214 applications this […] Read more
FCC pledges flexibility for soaked Ontario, Quebec growers
Canada’s federal ag lending agency has announced a customer support program to limit “financial pressure” on its farming clients in rain-soaked areas of western Quebec and eastern Ontario. Farm Credit Canada on Wednesday announced the program, in which it said it “will work with customers to come up with solutions for their operation(s) to reduce […] Read more
Alberta farmland value growth second highest in Canada
Taber and Lethbridge held the highest average farmland values in 2016, reaching over $5,800 per acre
Reading Time: 2 minutes While the rate of increase appears to be slowing, average farmland values in Alberta continue to rise. “Farmland values rose rapidly in the 1970s but were met with a substantial decline in the 1980s,” says Aaron Lawson, program assistant, Alberta Agriculture and Forestry (AF). “For the most part, prices recovered by the mid-’90s, and farmland […] Read more
FCC sees increase in Canadian farmland values slowing
Farmland values in Canada, on average, appreciated in 2016 — and while it was less of an increase than the year before, the gain easily beat a bank GIC. Land prices here in Manitoba, which have been rising steadily since 1992, on average gained 12 per cent in both 2015 and 2014. But after four […] Read more
Get up to $25,000 for worthy projects in your community
Application deadline is April 17
Reading Time: < 1 minute Farm Credit Canada is now accepting applications from rural community groups for its AgriSpirit Fund, which will award $1.5 million in funding this year to celebrate Canada’s 150th anniversary. For the past 14 years, FCC has awarded registered charities and non-profit organizations in rural Canada between $5,000 and $25,000 for various community improvement initiatives. Past projects […] Read more
FCC launches new loan for young agri-businesspeople
Canada’s federal farm lending agency is expanding its loan offerings in agribusiness and agrifood with a new program aimed at young businesspeople. Farm Credit Canada’s Young Entrepreneur Loan, launched Thursday in Ottawa during Canada Agriculture Day celebrations, will offer financing of up to $1 million per qualified applicant under age 40, at closed variable rates […] Read more
Canada’s farm income to dip, but remain above average
Reuters — Canadian farmers’ incomes will decline seven per cent in 2017, falling for the second year in a row but remaining at above-average levels, the country’s agriculture department predicted on Friday. A drop in North American cattle and calf prices from record highs in 2015 is the main reason for the two-year dip, Agriculture […] Read more
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