GFM Network News


Impacts on ag expected as COVID-19 rocks markets

Farmers urged to manage expenses

Stocks continuing to plunge during the COVID-19 coronavirus pandemic have left agricultural producers in Canada concerned about the potential impact. Thursday marked the biggest drop in Canadian stocks in 80 years, highlighted by many economists warning the country is on the brink of recession. Beyond growing fears of COVID-19’s economic impact, oil and gas stocks […] Read more

Ag and food exports: We’re good but we can do better

Agriculture is a Canadian success story but taking it to the next level requires smart and sizable investments, says economist


Sticking to the status quo isn’t good enough to propel Canada into the uppermost ranks of global agricultural exporters. “Over the past year, there’s been quite a bit of optimism around food and agriculture. It’s been identified as one of the main sectors to grow in this country,” said J.P. Gervais, chief agricultural economist for […] Read more


Canada’s pulse crop sector is positioned well for growth.

The numbers — and the potential — are big for agri-food exports

There were few surprises in Farm Credit Canada’s annual ranking of Canadian agriculture and agri-food exports. We remain the world’s fifth-largest agricultural commodity exporter for the sixth straight year, and have also held steady as the No. 11 exporter of manufactured food products. But “potential” abounds, says FCC’s chief agricultural economist J.P. Gervais. “There are […] Read more

Reports highlight strengths, weaknesses of Canadian ag exports

Commodity News Service Canada – There is room for improvement in the Canadian agricultural export market with competition from new markets globally, according to a pair of reports released by Farm Credit Canada. The FCC Ag Economics, Trade Ranking Report: Agriculture and FCC Ag Economics, Trade Ranking Report: Manufactured Food give overviews of Canada’s global […] Read more


Since most farm equipment is imported from the U.S., the rise in the Canadian dollar will lower the tab 
for new machinery.

Higher loonie will have many impacts

MARKET WATCH: A low dollar shielded Canadian farmers from lower commodity prices but it also raised the cost of farm equipment and inputs

While you were busy growing crops and raising livestock this summer, a rising dollar has been taking aim at your profits. The growing season started with the loonie trading under the 75 U.S. cents mark — and many analysts sticking to the theory it would stay low as long as oil prices remained in the […] Read more

Loonie value will determine 2017 ag outlook

FCC’s chief agricultural economist says a low Canadian dollar is expected to continue to benefit the sector

A low loonie is likely to continue to benefit Canadian farmers through 2017. That’s according to J.P. Gervais, Farm Credit Canada’s chief agricultural economist, who added that will be the continuation of a trend seen throughout 2016. “There are certainly other factors that could influence Canadian agriculture, such as the global economy, the investment landscape, […] Read more


Producers need to stop robbing Peter to pay Paul, says Merle Good.

Farm debt at record highs — but top lender not worried

While FCC says most farmers can handle their debt load, 
financial expert Merle Good says some are ‘robbing Peter to pay Paul’

Farm debt has hit a record high, bringing back some unpleasant memories of the 1980s debt crisis. But we’re not there yet, said farm business expert Merle Good. “In 1980, we had huge inflation and huge interest rates,” said Good, a longtime tax specialist with the provincial government who now runs a private consulting business. […] Read more

Farmland prices, on average, were up 12.4 per cent and 10.1 per cent in Manitoba and Canada, respectively, says Farm Credit Canada’s chief economist J.P. Gervais. The annual rise in farmland values is slowing, but still expected to be positive in 2016 so long farm cash receipts remain stable.

Canadian farmland values up again in 2015

Farm Credit Canada says the annual percentage increase in farmland values is getting smaller

Manitoba farmland values led the way with the highest average percentage increase in Canada last year, says Farm Credit Canada (FCC). But the pace of increases the last few years here and across Canada is slowing in step with the plateauing of farm cash receipts, and slower drop in interest rates, J.P. Gervais, FCC’s chief […] Read more