GFM Network News


(Dave Bedard photo)

Canadian farmland trending less affordable in FCC report

Average values continue rising across board

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



(Photo courtesy Canada Beef Inc.)

China, drought, debt shake Canadian farm finances

Winnipeg/Ottawa | Reuters — For years, the financial stability of Canadian farmers was the envy of their U.S. counterparts, but rising costs, drought and a dispute with China have weakened their bottom lines. Net incomes plunged last year, and that setback was followed in March by China’s halting purchases of canola, Canada’s biggest crop. Now […] Read more

Canadian farm net cash income fell 20.7 per cent to $11.6 billion, according to Statistics Canada,

Alberta producers see incomes drop by $1 billion last year

Flat revenue, higher expenses squeeze farmers

Reading Time: 4 minutes No matter how you measure it, Canadian and Alberta farm income took a big, double-digit, hit in 2018. The two biggest culprits were flat revenues, in part because of trade restrictions, and higher expenses, including for commercial feed, interest and machinery fuel. For 2018, Canadian farm net cash income fell 20.7 per cent to $11.6 […] Read more


(Dave Bedard photo)

New Trump aid plan for U.S. farmers to rely on direct payments

Washington | Reuters — The Trump administration’s second package of aid for U.S. farmers hit by the trade war with China is expected to have a similar structure to last year’s program, using direct payments and commodity purchases, industry sources briefed on the plan said. The U.S. Department of Agriculture is still finalizing the plan, […] Read more

Wheat fields being harvested

Farm income falls in 2018, but holding for now

Canadian farm income fell on market volatility, but export growth is still likely, says FCC

Reading Time: 2 minutes Final figures aren’t available yet but all signs suggest farm income in 2018 was clipped by several factors and will likely stay at that level through this year, said Farm Credit Canada’s chief economist. “Price volatility, higher input costs and weather-related challenges in many parts of the country over the past year took a toll […] Read more


Bags Of Money On A Farm Field

Farm income grew strongly in 2017

Reading Time: < 1 minute Several farm income records were set in Alberta last year, says an Alberta Agriculture statistician. Farm cash receipts were $14.1 billion, the first time they have exceeded $14 billion, said Roy Larsen. Crop market receipts were also a new record, up 3.9 per cent to $6.9 billion. “The growth in receipts was largely driven by […] Read more

U.S. President Donald Trump addresses a meeting of the National Space Council in the East Room of the White House in Washington on June 18. (Photo: Reuters/Leah Millis)

Trump’s tariff war threatens to erode support of farmers

Chicago | Reuters — President Donald Trump’s tariff battle with key buyers of U.S. apples, soybeans and corn threatens the support of some of his biggest backers — U.S. farmers now seeing their livelihoods in jeopardy. Farmers overwhelmingly supported Trump in the 2016 election, welcoming how he championed rural economies and vowed to repeal estate […] Read more


Find the key numbers that tell the tale

Find the key numbers that tell the tale

Using financial indicators and benchmarks gives you the straight goods on how your operation is doing

Reading Time: 2 minutes Some easy-to-calculate ratios can give you a quick idea of the health of your farm or ranch. “The Simple Farm Ratio Analyzer is a shortcut Excel program that takes just eight key financial entries and calculates financial ratios for the farm/ranch and colour codes them in comparison to industry benchmarks,” said Rick Dehod, a provincial […] Read more

(Photo courtesy Canada Beef Inc.)

Farm sales to co-ops to count for small business deduction

Changes to federal tax law that were meant to block “multiplication” of the small business deduction for corporations won’t apply to farmers’ sales to co-operatives. The federal government on Friday released draft amendments to the Income Tax Act, which would allow qualifying farmers and fishers selling to agricultural and fisheries co-operatives to be eligible for […] Read more