Canadian farmers saw their farm equity climb 6.9 per cent last year compared to the year before and Farm Credit Canada’s principal agricultural economist said that falls in line with FCC’s analysis. Data released by Statistics Canada in June reported 2017 farm equity climbed $36.4 billion to $535.3 billion, compared to $500.75 billion in 2016. […] Read more
Tag Archives economy — page 6
Ag balance sheet points to stable Canadian farm economy
Farm real estate now accounts for more than three quarters of farm asset value
Consider hedging against rate hikes, farmers advised
CNS Canada — The Bank of Canada has raised its benchmark interest rate to 1.5 per cent, marking the fourth time it has raised rates since last summer. The increase from 1.25 per cent is the base rate retail banks pay for short-term loans, but consumer rates for mortgages, lines of credit and other loans […] Read more
Opinion: Length of trade war is the big question
Increased protectionism within the global trading environment is causing major shifts in how countries do business — and world leaders are scrambling to keep pace. Despite the existence of highly integrated economies, protectionism is growing in popularity — spurred on by a White House that seems to be doing everything in its power to cut […] Read more
Farmers worldwide struggle with rising fuel costs
It’s leading some farmers to change their management practices or lock in prices months in advance
The agricultural sector, from Canada and the United States, to Russia, Brazil and Europe, is seeing profits harmed by the rise in diesel prices. The global oil benchmark, Brent crude, touched US$80 a barrel for the first time since late 2014 in mid-May. In the U.S., fuel accounts for about five per cent of farmers’ […] Read more
Ontario sets ag equipment export record
Ontario led the country last year in agriculture equipment manufacturing, breaking the national export sales record. About $773 million worth of implement equipment was sold from Ontario in 2017, driven by strong exports to the U.S. where a healthy livestock sector has mean more need for forage and haying equipment. Why it matters: A healthy […] Read more
Agriculture contributed C$111.9 billion to Canada’s GDP in 2016
Winnipeg | CNS – A new report from Agriculture and Agri-Food Canada released Friday has pegged agriculture as contributing C$111.9 billion to Canada’s GDP in 2016, which accounted 6.7 per cent of the country’s total GDP. The annual report entitled An Overview of the Canadian Agriculture and AgriFood System, provides a summary of the economic […] Read more
Green jobs eligible for wage subsidy
A new Career Focus Green Jobs program is offering wage subsidies to help employers with an environmental focus hire new graduates, a federal release says. The program targets small- and medium-sized businesses to help reduce the cost barriers of hiring new graduates by subsidizing their salary by 50 per cent to a maximum of $13,500 […] Read more
Klassen: Various views on the feeder cattle market
If you talked to three Western Canadian cattle buyers this week, you probably would receive four different views on the market. Certain auction barns were reflecting an average week-over-week decline of $3 to $5 but feature strings of cattle were back up to historical high prices. Early sales in the season are like tryouts at a […] Read more
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