Reading Time: 3 minutes Glacier FarmMedia – New data from Statistics Canada shows farm cash receipts continue to trend upward, increasing in 2019 by 5.7 per cent or $66.1 billion to mark the ninth consecutive year of increase and the largest single-year uptick since 2012. But that number is less impressive when cannabis is removed from the equation, which […] Read more
Tag Archives Business/Finance
Cannabis carries farm growth in otherwise average year
Crop receipts declined 1.1 per cent without cannabis numbers included
Ontario Federation of Agriculture to develop ag jobs support system
Reading Time: < 1 minute The Ontario Federation of Agriculture (OFA) has received funding to develop a comprehensive support system for agriculture and food employers and job seekers. The funding comes from the federal-provincial Canadian Agricultural Partnership and and is part of a targeted intake created April 17 to help address labour supply and training challenges in agriculture and food. […] Read more
Fonterra says China dairy imports jump as lockdowns ease
Reading Time: < 1 minute Reuters – New Zealand’s Fonterra said recently that China’s global dairy import volumes climbed 10.1 per cent in March after two consecutive months of declines, as the world’s second-largest economy reopens after coronavirus-induced lockdowns. The jump in China dairy imports, however, may not be sustained as inventory levels are rebuilt. New Zealand also reported a […] Read more
Lower U.S. and European wheat forecasts support prices
U.S.-China trade uncertainty limits market movement
Reading Time: 6 minutes Ontario temperatures averaged 3 C to 5 C below normal throughout May, while most of the growing region received 40 to 80 per cent of normal precipitation. Crop emergence was delayed due to cool temperatures. Quick look Soybeans: Cheap Manitoba soys mean movement from west to Ontario. Corn: Ontario old crop corn pricing encouraged sales. […] Read more
Weak loonie only gets Canadian farmers so far
Collapsing oil prices have weakened Canada’s currency, but only against the U.S. greenback, which dilutes the benefit
Reading Time: 3 minutes Glacier FarmMedia – The good news is that the Canadian dollar is likely to remain weak for the foreseeable future, according to most analysts. The bad news is that the weakness, which tends to boost Canadian agricultural values, might only exist compared to the American dollar, and that might not mean much. “Who am I […] Read more
Comparing farms highlights vulnerabilities
Benchmarking report identifies significant profitability differences among dairy and grain farms
Reading Time: 3 minutes Variations in debt load and per-acre profitability highlight vulnerabilities in Ontario’s dairy and crop sectors, according to the latest benchmarking report from BDO Canada. However, representatives from the financial firm say the data also gives farmers an opportunity to improve risk management, as well as their cost-to-profit ratio. Why it matters: Understanding your farm’s profitability […] Read more
The new paperless way
The COVID-19 pandemic response is driving farms and companies to paperless transactions
Reading Time: 4 minutes The COVID-19 crisis is forcing changes to how business is done in Ontario agriculture, driving a long-delayed move to digital business transactions. Deliveries from or visits to a supplier often doubled as social interactions in farm country, but that face-to-face culture is being supplanted by digital bits. Why it matters: Paper transactions and payments move […] Read more
Editorial: Farm management will be critical in 2020
Reading Time: 3 minutes Farmers should be able to get their crops planted this spring, although there are some challenges in the fruit and vegetables sector. We’re due for a decent growing year and hopefully this is one. The year will be a much bigger challenge from a management perspective. In farming there are many factors to be managed, […] Read more
South American new crop weighs on global markets
Ethanol plant closures in U.S. reduce demand for corn
Reading Time: 5 minutes World corn and soybean markets are under pressure due to favourable spring weather in the United States and strong competition from South America for export business. Weaker energy prices are also weighing on row crops. Quick look Soybeans: Ontario soybean crop is expected to drop by 100,000 acres. Corn: U.S. corn carryout is expected to […] Read more
Governments funding farmers’ move to online sales
Direct-to-consumer sales from farms has quickly moved digital
Reading Time: < 1 minute Many farmers have moved to marketing their food and plants through the internet and they now have the chance for government help to fund that transition. The Ontario and Canadian governments are investing $2.5 million the new Agri-Food Open for E-Business initiative through the Canadian Agricultural Partnership (CAP). Organizations and businesses can apply for a […] Read more
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