GFM Network News


(Thinkstock photo)

Farm cash receipts up in 2020

Crop receipts and direct payments up, livestock slightly lower

MarketsFarm — New data from Statistics Canada on Tuesday showed Canadian farm cash receipts went up in 2020, despite the COVID-19 pandemic, on the strength of rising crop prices and exports. The total value of farm cash receipts in the country totalled $71.7 billion in 2020, an 8.1 per cent increase from the previous year. […] Read more

(Dave Bedard photo)

Bunge lifts outlook as quarterly profit nearly doubles

Reuters — Agricultural commodities trader Bunge Ltd. raised its 2020 outlook after reporting a 91 per cent jump in adjusted third-quarter profit on Wednesday, as strong soy processing margins and robust demand for soy products boosted its core agribusiness segment. Bunge shares rose almost seven per cent to their highest level in more than a […] Read more


File photo of Agriculture Minister Marie-Claude Bibeau speaking in Winnipeg in February 2020. (Dave Bedard photo)

Bibeau not considering closing AgriInvest accounts

Minister wouldn't order farmers to pull funds

Federal Agriculture Minister Marie-Claude Bibeau is not considering ordering producers to withdraw from their AgriInvest accounts. “Not in this way. All the options are on the table for the future, but I’ve never considered asking them to withdraw, to empty their accounts, to face COVID-19,” she said in an interview Friday. Bibeau had previously expressed […] Read more

field crop

Know the real bottom line before heading out to seed

Finance expert says knowing your actual cost of production allows for 
better decisions on marketing and risk management

Reading Time: 2 minutes Another seeding season is within view, but do you know how you fared last year? “Unfortunately, farmers really don’t know if their farm was profitable in 2014,” said Rick Dehod, farm financial specialist with Alberta Agriculture and Rural Development. “The majority of farms still reports their incomes and expenses on a cash basis via their […] Read more