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
Alberta groups receive funding for community projects
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
FCC doubles down on Young Farmer Loans
Eligible farmers under age 40 will be able to get larger loans for less of a down payment through an expansion of Farm Credit Canada’s Young Farmer Loan plan. The federal farm lending agency on Wednesday announced the program’s credit limit per applicant will be doubled to $1 million, with a minimum down payment of […] Read more
Food bank drive collects millions of meals
Reading Time: < 1 minute The recently concluded FCC Drive Away Hunger collected enough food for 6.7 million meals, far surpassing this year’s goal. The donated food was given to food banks, which assist 850,000 Canadians every month, with children accounting for 36 per cent of that number. There are more than 500 food banks in the country, with about […] Read more
FCC offers to bend terms for soaked Prairie growers
Canada’s federal farm lender says it will be flexible with qualifying Prairie crop growers facing financial trouble from a rain-soaked harvest season. Areas of Alberta, Saskatchewan and Manitoba have experienced “significant levels of rain in the last half of the growing season and snow since the beginning of October,” Farm Credit Canada said in a […] Read more
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