Economic churn across Canada from the global COVID-19 pandemic didn’t faze the country’s real estate market — nor its farmland market in particular — in 2020, according to the latest review from the federal farm lending agency. Farm Credit Canada on Monday released its 2020 Farmland Values report, showing an average increase of 5.4 per […] Read more
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Farmland appreciation continues through pandemic year
FCC report puts Canada's average land value increase at 5.4 per cent
FCC to provide $100,000 to 4-H clubs in 2021
Farm Credit Canada (FCC) 4-H Club Fund will provide $100,000 to 203 4-H clubs, districts, and regions across Canada in 2021, to support local activities. FCC supports 4-H club initiatives each year by awarding up to $500 per club toward developing existing programs, covering costs associated with local events and exchanges, supporting volunteers, or purchasing […] Read more
Startups compete for Canadian Thrive challenge
Seafood traceability software takes top spot
A seafood traceability company took top spot in a recent challenge organized by Thrive, a Silicon Valley agricultural technology investor. Nine Canadian agriculture and food startups competed as finalists, with British Columbia seafood traceability company ThisFish taking the top spot. Why it matters: As the agriculture and food sectors shift towards digitization and precision tools, […] Read more
FCC identifies export, market opportunities for Canadian food
The ag lender's latest report highlights canola oil, pork, potato products, crab meat
Canada is already a major exporter of agricultural goods, food and beverages — but increasing food and beverage exports is still one of Canada’s biggest trade opportunities, Farm Credit Canada (FCC) says. And by diversifying exports, farmers will become less dependent on current major markets, reducing their financial risk. “When borders close for any number […] Read more
FCC loan program for women proves popular
Investment in the program will now be twice what was originally planned
Glacier FarmMedia – A federal loan program for women offered through Farm Credit Canada is so popular that it will spend double the amount originally budgeted. Why it matters: Diversity in agriculture helps bring more qualified workers into the sector. The FCC Women Entrepreneur Program was originally a $500 million investment over three years, but […] Read more
Dairy weathers unexpected price drop, trade deal implications
There are signs that the dairy market is recovering and butter stocks are low which could support prices
Dairy farms in Canada are likely to return to profitability in 2021, after absorbing a hit to profits from the impact of COVID-19. Sebastien Pouliot, principal agricultural economist at Farm Credit Canada (FCC), says that COVID-19 hit what could have been a decent year for dairy farmers. Why it matters: Dairy farms are a large […] Read more
AgriSpirit fund helps 92 community projects
Farm Credit Canada (FCC) is giving $1.5 million through its FCC AgriSpirit Fund to 92 community groups across Canada to support rural capital projects. “The FCC AgriSpirit Fund supports rural communities at the heart of Canadian agriculture,” said Sophie Perreault, FCC executive vice-president and chief operating officer. “We are honoured to support the projects that […] Read more
Cannabis carries farm growth in otherwise average year
Crop receipts declined 1.1 per cent without cannabis numbers included
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
Pork sector’s calls for aid heard, not yet answered
Federal government says it's examining "all options"
Federal Agriculture Minister Marie-Claude Bibeau’s office said late last week the government is working “around the clock” to respond to the pandemic’s impact on farmers and agri-food businesses. But there was no commitment to the direct support Canadian pork industry officials say is now necessary to carry the sector through a crisis which has led […] Read more
Ontario farmland values continue to jump
Nationally, the 2019 increase tied for the lowest in 10 years
Ontario led Canada’s major agriculture producing provinces in farm land value increases in 2019 according to Farm Credit Canada’s (FCC) annual summary of land sales across the country. The Maritime provinces led the increases with 22.6 per cent in Prince Edward Island and 17.2 per cent in New Brunswick. A 5.2 per cent increase across […] Read more
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