The average value of farmland in Canada is continuing to rise faster than farmers’ ability to generate revenue from it, Farm Credit Canada’s latest Farmland Values Report suggests. The report, released Monday, shows the average value of Canadian farmland rose 5.2 per cent in 2019 over 2018, the smallest year-over-year increase since 2010, and down […] Read more
Canadian farmland trending less affordable in FCC report
Average values continue rising across board
Cash advance repayment deadlines extended
FCC gets added capital to boost lending capacity
Canadian farmers who have repayment deadlines coming up on their cash advances between now and the end of April will get extra time to repay those loans. The federal government on Monday announced a stay of default on loans coming due on or before April 30 under the Advance Payments Program (APP), among other measures […] Read more
Beef sector mobilizes against supply disruptions
Keeping border open, meeting demand for beef are top priorities
Teams of livestock and government officials are quickly creating plans and policies to keep the sector functioning during the COVID-19 pandemic, says the executive vice-president of the Canadian Cattlemen’s Association. “Our primary objective obviously is to insure there is stable beef production and trade that can continue under the situation with the COVID-19 pandemic,” Dennis […] Read more
Improving global ag trade may not favour Canada
MarketsFarm — When it comes to improving global trade relations, a rising tide may not lift all boats. In the recently-signed Phase One trade deal between the U.S. and China, Beijing pledged to significantly increase Chinese purchases of U.S. soybeans and other agriculture goods. “Where does that leave room for Canada, given the demand side […] Read more
Finance and succession help for younger farmers
Reading Time: < 1 minute Farm Credit Canada is putting on a series of events for younger farmers so they can learn how “to take control of their business journey.” Eight “young farmer summits” for producers under the age of 40 are being held across the country, including two in Alberta. “The future of Canadian agriculture depends on attracting the […] Read more
Modern farming produces a bumper crop of worries
More than 1,300 farmers were asked about their top concerns — and it’s a long list
Reading Time: 2 minutes What’s your biggest worry? Weather? Yield? Disease or pests? It’s actually selling what you produce, according to a recent Farm Credit Canada survey. The survey asked 1,363 producers about their major concerns and 67 per cent had marketing on their worry list — topping both production (60 per cent) and financial (53 per cent) risks. […] Read more
Pulse weekly outlook: FCC sees opportunities for exports
MarketsFarm — Farm Credit Canada (FCC) on Tuesday released a report titled Diversifying Canada’s agriculture exports, which included pulses and also looked at some of the pros and cons to diversifying Canada’s wheat, canola and soybeans. “Canada has done extremely well in establishing strong trade relations in a number of key markets thanks to a […] Read more
Farm lender to help financially stressed farmers
Reading Time: < 1 minute Farm Credit Canada (FCC) says it wants to help farm customers “who are facing financial setbacks due to circumstances beyond their control.” Michael Hoffort, the ag lender’s president and CEO, said FCC “will work with our customers to find solutions to any short-term financial pressure that might be weighing them down.” Many producers were unable […] Read more
Big support seen for 2019 food bank campaign
Reading Time: < 1 minute Enough food was donated during Farm Credit Canada’s Drive Away Hunger campaign to provide more than 16 million meals for rural food banks. During the campaign, held in October and now in its 16th year, FCC teams drive tractors through various communities to collect food and donations. “The annual food drive goes a long way […] Read more
The need keeps growing for rural Alberta food banks
Reading Time: 3 minutes Times have been tough in Alberta, and that’s been obvious to volunteers at the Mayerthorpe Food Bank. There are just over 500 homes in the town but in many, it’s a struggle to put food on the table. “We serve about an average of 14 families a week,” said Tammy-Lee Gilroy, the food bank’s administrator. […] Read more
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