Farmers seeking mental health support will have access to free training and community workshops for the fourth year in a row via the Do More Agriculture Foundation (DMAF) and Farm Credit Canada (FCC). Factors such as financial insecurity, uncontrollable weather and isolating working conditions contribute to high depression, anxiety and suicide rates among farmers, according […] Read more
Free mental health training, workshops offered for farmers
Do More Ag Foundation expands programming available
Warning signs materialize for meat sector
Reading Time: < 1 minute There are plenty of flashing warning lights in Farm Credit Canada’s (FCC) latest outlook for the cattle and hog sectors. While prices are strong and expected to stay that way for a while, the two “could take a big step backwards, especially from the highs of 2021 – and it may be more a question […] Read more
Incentives for sustainable spuds take root
Reading Time: < 1 minute Farmers who grow potatoes for McCain Foods, and who adopt the company’s sustainable ag practices, can get up to $2,000 in reduction on their loan costs with Farm Credit Canada thanks to a joint program by the lender and the french fry maker. The amount depends amount on the size of their loan but McCain […] Read more
Strong commodity prices to continue: FCC
Reading Time: < 1 minute Farm Credit Canada is forecasting “another year of excellent crop prices,” albeit with big declines for some crops. The ag lender predicts canola will average $870 a tonne this crop year, which is $100 below the 2021-22 average but well above the five-year average of $490. FCC forecasts spring wheat prices to average $430 a tonne […] Read more
The price of farmland is defying interest rate hikes – so far
Buyers still bid up land but latest figures don’t reflect full impact of higher lending rates
Reading Time: 3 minutes Despite significant interest rate hikes, the price of farmland kept shooting up in the first half of the year. Land prices jumped 5.9 per cent in Alberta in the first six months of 2022, according to the latest data from Farm Credit Canada, and that was smallest rise on the Prairies. Prices were up an […] Read more
Farmland prices remain buoyant in the face of interest rate hikes
Despite significant interest rate hikes, Farm Credit Canada (FCC) is reporting continued increases in farmland values across Canada. According to the FCC report, Manitoba’s average farmland values increased by 6 per cent in the first six months of 2022. Alberta values were just behind that at 5.9 per cent and Saskatchewan was just above the […] Read more
FCC offers boost for sustainable beef
Reading Time: < 1 minute Livestock producers who have loans from Farm Credit Canada can get a rebate of up to $2,000 if they are certified under Canadian Roundtable for Sustainable Beef protocols. The initiative (called the FCC Sustainability Incentive Program) was hailed by roundtable chair Anne Wasko, who said more beef buyers are looking for beef produced under the […] Read more
Sky-high commodity prices to continue
Reading Time: < 1 minute Farm Credit Canada is forecasting that crop prices will continue to remain strong for the rest of the marketing year. “Some prices will ease off their recent highs, while canola, corn and soybean prices should increase,” the lender said in a market update earlier this month. The FCC forecast for canola is $990 a tonne […] Read more
AgriSpirit Fund open
Reading Time: < 1 minute Farm Credit Canada is now accepting applications from registered charities and non-profits for the FCC AgriSpirit Fund, which will award $1.5 million to rural community groups this year. Grants, ranging from $5,000 to $25,000, are for projects that enrich the lives of residents in cities, towns or Indigenous communities with fewer than 150,000 people. Examples […] Read more
Land prices set a sizzling pace as buyers outnumber sellers
Alberta saw a much smaller price rise on average, but it depends where you farm
Reading Time: 4 minutes The drought didn’t put a damper on land prices. The average price for farmland across the country shot up 8.3 per cent last year, according to the latest price survey by Farm Credit Canada. That’s up nearly three per cent from the 5.4 per cent rise seen in 2020. “I’m not surprised that farmland values […] Read more
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