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
Sky-high commodity prices to continue
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
Rate of rise in farmland value ‘surprised’ in 2021
Canada books 8.3 per cent year-over-year increase, FCC reports
MarketsFarm — Despite a year of economic uncertainty due to extreme weather, reduced crop yields and the COVID-19 pandemic, the value of Canadian farmland rose by its highest rate in four years, according to a report from Farm Credit Canada (FCC). FCC’s report, released Monday, revealed that the national average value of farmland increased by […] Read more
Good and bad in livestock outlook
Reading Time: < 1 minute “It will be another year of split margins in the cattle sector — positive for cow-calf and pressured for feedlots,” says a new forecast from Farm Credit Canada. The report also predicts higher prices for pigs but that feed costs for farrow-to-finish operations in the West mean “some profitability challenges may be present.” Not surprisingly, […] Read more
Farm receipts higher despite drought
Reading Time: < 1 minute Farm Credit Canada (FCC) is predicting farm cash receipts will rise in Alberta this year — but not by much. FCC said that 2021 was “a good year” for Canadian farmers and it estimates the final tally for farm cash receipts will be up by 10 per cent (to $79.2 billion). In Alberta, they will […] Read more
Crystal balls are especially wonky, so watch your news feed
There’s been so much upheaval on every front, watchlists are replacing predictions
Reading Time: 2 minutes Farm Credit Canada is steering clear of predictions and instead offering producers a short list of things to monitor in 2022. The pandemic, weather disasters, supply chain disruptions, labour issues and the reappearance of inflation are among the many things that are making “trends increasingly difficult to forecast,” FCC said in a recent release. But […] Read more
Host of groups receiving grants for community projects
Reading Time: 2 minutes Five Alberta communities are sharing $100,000 from the Rural Communities Foundation, a charitable arm of UFA. The largest portion, $30,000 went to the Nampa and District Historical Society, which is converting a no-longer-used United Church (that had been donated to it) into a cultural centre in the community southeast of Peace River. Another donated church […] Read more
Farm Credit Canada plans 20 million meals
Reading Time: < 1 minute Farm Credit Canada (FCC) says it is engaging the larger agriculture and food community in raising food and cash donations for its Drive Away Hunger program. “Food banks have told us how Drive Away Hunger has transformed their ability to feed hungry families and we think we can do even more to help,” said FCC […] Read more
Land Prices: Interest still high, pocketbooks thinner
Scarce listings get a lot of looks, but drought may curb price rises
Reading Time: 4 minutes The hot weather this summer may cool the price rise for Alberta farmland this winter — but there are still plenty of farmers looking to add acres, say experts. Prior to the drought, the increase in land prices was typical for the first half of the year, said Kuuri Carlson, an appraiser with Farm Credit […] Read more
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