Reading Time: < 1 minute The Farm Credit Canada organization awards between $5,000 and $25,000 for “improvement initiatives that enrich the lives of residents” in communities with populations of less than 150,000. Among the groups receiving funding this year are the Grassland Ag Society in Athabasca County ($15,000 for hall upgrades), Millarville Racing and Agricultural Society ($12,000 for electrical upgrades […] Read more
Community groups get a helping hand
EDC executive to lead Farm Credit Canada
Justine Hendricks to replace retiring Michael Hoffort
Canada’s federal farm lender is importing its next chief executive from Export Development Canada. Federal Agriculture Minister Marie-Claude Bibeau on Wednesday announced the appointment of Justine Hendricks, EDC’s senior vice-president and chief corporate sustainability officer since 2019, as FCC’s new CEO effective Jan. 30, 2023. As CEO, Hendricks replaces Michael Hoffort, an FCC staffer since […] Read more
Farm equipment demand to remain high, FCC says
Low inventories, high commodity prices and a good crop place pressure on demand
Demand for farm equipment should remain high through 2023 despite higher interest rates and projected price increases, according to Farm Credit Canada. The federal ag lender has released an outlook on the farm equipment market that analyzed data and trends that affect the market. While the outlook attributes much of the current demand to relatively […] Read more
Free mental health training, workshops offered for farmers
Do More Ag Foundation expands programming available
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
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
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