FCC announced the new Sustainability Incentive Program at the Western Canadian Crop Production Show in Saskatoon. The program is open to FCC customers who put a 4R nutrient management plan in place, record production activities through AgExpert Field, and have their 4R practices verified by a 4R designated agronomist.
FCC announces new 4R incentive
The program is open to FCC customers who use AgExpert platform
Interest rate relief on horizon: FCC
Central bankers signaling reductions are coming
Reading Time: 4 minutes Glacier FarmMedia – Canada’s largest agricultural lender says Canadian farmers can expect to see interest rate relief in the coming year. In a macroeconomic snapshot released in December, Farm Credit Canada said it expects to see rate cuts totalling 75 basis points (three quarters of a percent) in the latter half of 2024. That’s despite […] Read more
Merit Foods pays off operating lender, no deal yet for plant
Plant-based protein processor in receivership since March
A Winnipeg pea and canola protein processor in receivership since this spring remains mothballed for now with no firm buyer — but has paid off one of its three secured creditors. Merit Functional Foods, which entered receivership March 1 after just two years’ operation, has sold all its remaining finished and raw inventory and directed […] Read more
Alberta leads national foodservice recovery
Wild rose province sees largest spike in sales in national survey
Reading Time: 2 minutes Alberta leads the country when it comes to increases in food service sales, with 7.3 per cent growth, according to a recent report from Farm Credit Canada. The report states that sales in 2023 are back to pre-pandemic levels but below the pre-pandemic trend in most cases. Alberta is followed by Ontario at 5.3 per […] Read more
Ag productivity gain rate is shrinking
Canadian agriculture needs innovation, more flexible and accessible regulation
Reading Time: 2 minutes Canadian agriculture productivity is growing, but the rate of growth is slowing, agriculture and tech leaders heard Oct. 26. “The low-hanging fruits are gone,” said J.P Gervais, Farm Credit Canada’s chief economist. The comments came during a discussion with Fred Wall, FCC’s vice-president of marketing and digital agriculture, at the Agriculture Enlightened conference in Winnipeg […] Read more
Alberta farmland price growth lags national average
While prices continue to rise, the rate is slowing and other province have faster growth
Reading Time: 5 minutes Average Alberta farmland prices were up three per cent in the first half of 2023, significantly below the Canadian average increase of 7.9 per cent. The data, released in a Farm Credit Canada report on Oct. 3, shows the province is following a national trend. “It’s not unexpected, given where we were at the end […] Read more
FCC to offer beef heifer replacement loans
Loan program for those wanting to build, maintain herds
Cattle producers wanting to expand or maintain herds — in a time of nationwide herd contraction — are the expected beneficiaries for a new loan program from Farm Credit Canada. FCC on Tuesday announced what it calls the Replacement Heifer Program, consisting of a loan with a maximum loan life of seven years and a […] Read more
FCC offers new credit line against ‘current economic environment’
Ag lender to waive loan processing fees
Farm Credit Canada’s recent outreach to specific agrifood sectors hit by unusual environmental conditions has now extended to those hit by the broader “economic environment.” The federal ag lender on Tuesday said it will offer an unsecured credit line of up to $500,000 with loan processing fees waived, “to help producers, agribusinesses and agri-food operations […] Read more
AgriSpirit Fund deadline looms
Reading Time: < 1 minute Applications are now being accepted for the FCC AgriSpirit Fund, with $1.5 million in funding available this year. The program awards grants of $5,000 to $25,000 for community improvement initiatives, including constructing or upgrading community buildings; firefighting and rescue equipment; play structures and recreation areas; and community gardens. The application deadline is May 15. For […] Read more
Buy or rent? Land rent-to-price ratio can help farmers decide
FCC sees current ratios on farmland as (roughly) stable
Higher interest rates don’t seem to be affecting the ratio between land values and land rental costs — at least, not yet. Farm Credit Canada’s latest analysis of farmland rental prices says they’re roughly maintaining their traditional linkage, says J.P Gervais, the organization’s chief economist. “We were curious to see whether that would bring up […] Read more
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