Glacier FarmMedia – With any luck, farmers will be blessed with average weather and normal field conditions this year. If prices and demand hold up, farmers don’t need more than an average crop to reap a great return. And if they are so blessed, they’ll have some pleasant but tough decisions about where to put […] Read more
Tag Archives farm credit canada — page 5
How to manage high crop prices and higher interest rates
Good prices and even average crop yields should equate to profits for farmers
Canada’s agriculture innovation sector has momentum, experts say
Capitalizing on interest and supporting entrepreneurs key to keep momentum going
There’s a sense of optimism and excitement in the Canadian agri-tech and innovation sector these days – and despite ongoing challenges, the future shines bright with opportunity. That’s according to panelists at the recent THRIVE Spotlight on Canadian Agri-Food Innovation, where the Silicon Valley-based global accelerator announced its first Canadian cohort of start-up companies. Why […] Read more
Rate of rise in farmland value ‘surprised’ in 2021
Canada books 8.3 per cent year-over-year increase, FCC reports
MarketsFarm — Despite a year of economic uncertainty due to extreme weather, reduced crop yields and the COVID-19 pandemic, the value of Canadian farmland rose by its highest rate in four years, according to a report from Farm Credit Canada (FCC). FCC’s report, released Monday, revealed that the national average value of farmland increased by […] Read more
Ontario tops farmland value increases
Ontario’s farmland values increased exponentially in the last year across all regions, according to the 2021 FCC Farmland Values report. Ontario reported the sharpest increase to 22.2 per cent, quadruple what it was in 2020, followed by British Columbia at 18.1 per cent, according to the Farm Credit Canada (FCC) report. Why it matters: Between […] Read more
Farm revenue reaches record levels
Ontario fares well but drought could decrease value of year-end receipts nationally
Glacier FarmMedia – Canada’s agricultural producers enjoyed record revenues in the first six months of 2021, thanks to high commodity prices, brisk sales and strong global demand for agricultural products. According to Statistics Canada, total farm cash receipts across the country exceeded $38.2 billion in the first six months of 2021, a year-over-year increase of […] Read more
Farm debt under control, but watch for higher interest rates
The potential for higher interest rates is the darkest cloud shading recent news that farm debt in Canada recorded the smallest increase in six years, according to Farm Credit Canada’s (FCC) chief economist. Statistics Canada data showed outstanding Canadian farm debt increased by 5.9 per cent to $121.9 billion as producers invested in land, buildings and equipment. […] Read more
FCC changes Ontario leadership
Farm Credit Canada (FCC) has appointed Perry Wilson as vice-president of operations in Ontario, following the retirement of his predecessor John Geurtjens. Wilson has over 15 years of experience leading a variety of teams at FCC, most recently as senior director of FCC’s London district in Ontario. He grew up on a hog farm in […] Read more
Input costs escalate
Pandemic-driven demand for materials make farm projects expensive
From fertilizer to steel, agricultural input costs are rising. The only certainty, say some analysts, is the great number of factors in play make forecasting prices a challenge. Why it matters: Farmers need to play far ahead in purchasing inputs and planning purchases and expansion, and volatile, rapidly rising prices can make for more expensive […] Read more
Ontario farmland value growth lower than national average
Some areas of the province, especially around cities, saw higher farmland value increase
A tight market for farmland in Canada and good crop prices continue to drive increasing land value, although the increase in Ontario in 2020 was lower than in 2019. Farm Credit Canada (FCC) recently released its 2020 farmland value report, which showed a 4.7 per cent increase in Ontario values, compared to a 6.7 per […] Read more
How Farm Credit Canada became a major player in venture capital
The farm lender’s mandate now includes funding agri-food innovation
Glacier FarmMedia – In 2017 the Barton report said Canada has a massive opportunity to boost exports of agricultural commodities, agri-food and seafood. The most memorable part of the report, from the Minister of Finance’s Advisory Council on Economic Growth, set a target of adding $30 billion to Canada’s agriculture and agri-food exports by 2027. […] Read more
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