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
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
Klassen: Demand fears cause feeder cattle market volatility
Barley values continue upward
Compared to last week, western Canadian yearling markets traded $4 higher to as much as $6 lower. Strength was noted in the eastern Prairie regions while the market was softer in Alberta. Western Canadian calves were extremely volatile, trading $5 higher to as much as $10 lower in some cases. It’s not uncommon for markets […] Read more
Klassen: Steady demand underpins feeder cattle complex
Compared to last week, Alberta yearling markets traded $2-$4 on either side of unchanged; however, 800-pound-plus cattle in Manitoba and Saskatchewan appeared to trade $4-$6 higher. Yearling prices across the Prairies are now relatively even with no freight discounts from major southern Alberta markets. Calf markets are becoming more defined with larger volumes on offer. […] Read more
No end in sight for soaring farm equipment costs
It’s not just the price tags on new equipment that’s shocking, it’s also the spillover effect in the used market
Reading Time: 3 minutes Prices for farm equipment continue to rise. And it’s not just fancy new iron that’s causing farmers to do double takes. How does $62,972 sound for a 1994 New Holland 9680 tractor? How about $49,995 for a 1995 John Deere 1850 air drill? Or $80,000 for an older tandem axle grain truck? “You’re seeing an […] Read more
U.S. grains: Chicago grains firm on yield uncertainty ahead of USDA report
Grains also underpinned by U.S. dollar fall after inflation data
Chicago | Reuters — Chicago wheat and soybean futures closed higher on Thursday as a weaker U.S. dollar lent support to dollar-priced commodities and traders squared up their positions ahead of a key government report. Meanwhile, corn futures firmed, supported by concerns about hot and dry weather stressing the U.S. Midwest crop through its final […] Read more
CBOT weekly outlook: Lower inflation, USDA report to impact markets
MarketsFarm — With the U.S. Department of Agriculture (USDA) already set to release its monthly supply/demand estimates on Friday, the U.S. Labor Department threw in a curveball two days prior. The Labor Department on Wednesday reported the annual rate of inflation declined to 8.5 per cent in July, 0.6 of a point lower than in […] Read more
Cold and hungry: Food inflation bites Canada’s North
'It's really expensive to do business here'
Iqaluit | Reuters –– In Canada’s remote North, residents have long paid dearly for food, and rising prices have worsened an already dire situation, exposing the vulnerability of one of the world’s biggest exporters of grains and meat. Communities in Nunavut — the largest of the three territories that make up Canada’s northernmost region — […] Read more
Schoepp: Don’t be brought down by the constant drumbeat of bad news
Yes, the world faces a lot of troubles right now but we remain fortunate in Canada
Reading Time: 3 minutes Each day we are bombarded with negativity — often regarding food, fuel and housing, those core foundational building blocks in our hierarchy of needs. Without them we start to lose our sense of belonging and of control in our lives and begin to fear for our future. Added to inflation and declining markets is the […] Read more
CBOT weekly outlook: Volatility ahead as U.S. inflation rises
MarketsFarm — Shifting weather forecasts may have led to choppy activity in U.S. grain and oilseed markets during the week ended Wednesday, but rising inflation may create even more turbulence going forward, according to an analyst. The U.S. Bureau of Labor Statistics reported on Wednesday that the annual rate of inflation rose to 9.1 per […] Read more
STICKER SHOCK: Plant 2022 has been unlike any other, say farmers
The sky-high prices are bad enough, but availability issues are also upping the stress levels for many
Reading Time: 4 minutes They’re calling it the most expensive crop that Alberta farmers have ever planted. But the skyrocketing price of fertilizer, fuel, herbicides and other inputs isn’t the only worry. Lately it’s often been about getting your hands on products you’ve paid an arm and a leg for. Clint Jacula thought he had the bases covered. He […] Read more
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