Reading Time: < 1 minute Farm Credit Canada and its partners across the country launched the 13th annual FCC Drive Away Hunger campaign with a goal of providing four million meals for Canada’s food banks. FCC Drive Away Hunger tractor tours will take place next month in B.C., Manitoba, Ontario, Quebec, New Brunswick and Saskatchewan. FCC is also collecting food […] Read more
Food bank donation drive underway
Farm debt at record highs — but top lender not worried
While FCC says most farmers can handle their debt load, financial expert Merle Good says some are ‘robbing Peter to pay Paul’
Reading Time: 4 minutes Farm debt has hit a record high, bringing back some unpleasant memories of the 1980s debt crisis. But we’re not there yet, said farm business expert Merle Good. “In 1980, we had huge inflation and huge interest rates,” said Good, a longtime tax specialist with the provincial government who now runs a private consulting business. […] Read more
Alberta community groups receive funding
Reading Time: 2 minutes Fifteen groups in Alberta are among the 78 rural Canadian organizations receiving $1 million in grants from Farm Credit Canada’s FCC AgriSpirit Fund this year. The fund awards between $5,000 and $25,000 for community improvement projects, such as hospitals and medical centres, childcare facilities, fire and rescue equipment, playgrounds, food banks, libraries, recreation centres, and community […] Read more
Farmers’ debt seen hitting fresh record high
Reuters — Canadian farmers’ debt will likely reach another record high this year, while land appreciation slows and incomes flatten, but the industry is still in strong financial shape, the country’s biggest agriculture lender, Farm Credit Canada, forecast on Tuesday. FCC, the federal Crown ag lending agency, sounded a note of caution for farmers, who […] Read more
Back to Ag Program helps injured farmers
Reading Time: 3 minutes Three injured farmers from Saskatchewan and one from Ontario have received funding to help them get back to what they love — farming. The Back to Ag Program gives injured producers up to $10,000 to help with the purchase of adaptive technology such as a cattle-handling system, grain-handling system, or wheelchair lift. The program is […] Read more
How to get a handle on farmland prices
Farm Credit Canada tracks percentage changes across the country, while Alberta Agriculture looks at dollar values in municipalities
Reading Time: 2 minutes Farm Credit Canada’s recently released Farm Land Value Report and a database created by Alberta Agriculture can go a long way to helping producers establish a land value, says a provincial farm business specialist. “According to the new FCC report, Alberta’s change in farmland values was 11.6 per cent which was 1.5 per cent higher […] Read more
Alberta groups receive funding for farm safety training
Reading Time: 2 minutes Six Alberta organizations have received grants from Farm Credit Canada and the Canadian Agricultural Safety Association for farm safety training programs. The six Alberta projects were among the 13 organizations which received funding this year from the FCC Ag Safety Fund. Projects with a local or provincial scope can receive up to $5,000. The six […] Read more
Fahler centre receives funding
Reading Time: < 1 minute The Centre d’appui à la famille et à l’enfance (CAFE) Nord-Ouest in Fahler is one of eight recipients of a grant from Farm Credit Canada’s Expression Fund. The centre received $7,500 from the fund, part of $50,000 in grants given out this year to eight groups across the country. More than 110 organizations applied for […] Read more
Canadian farmland values up again in 2015
Farm Credit Canada says the annual percentage increase in farmland values is getting smaller
Reading Time: 4 minutes Manitoba farmland values led the way with the highest average percentage increase in Canada last year, says Farm Credit Canada (FCC). But the pace of increases the last few years here and across Canada is slowing in step with the plateauing of farm cash receipts, and slower drop in interest rates, J.P. Gervais, FCC’s chief […] Read more
Farmland fundamentals potentially bearish: FCC
Having tracked more double-digit percentage increases in Canadian farmland prices through 2015, Canada’s federal farm lender sees factors lining up for those values to retreat. Farm Credit Canada’s latest Farmland Values Report, released Monday, logged a 10.1 per cent increase in average farmland values in Canada in 2015, down from a 14.3 per cent rise in […] Read more
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