The average value of farmland in Canada is continuing to rise faster than farmers’ ability to generate revenue from it, Farm Credit Canada’s latest Farmland Values Report suggests. The report, released Monday, shows the average value of Canadian farmland rose 5.2 per cent in 2019 over 2018, the smallest year-over-year increase since 2010, and down […] Read more
Tag Archives farm credit canada — page 7
Canadian farmland trending less affordable in FCC report
Average values continue rising across board
Cash advance repayment deadlines extended
FCC gets added capital to boost lending capacity
Canadian farmers who have repayment deadlines coming up on their cash advances between now and the end of April will get extra time to repay those loans. The federal government on Monday announced a stay of default on loans coming due on or before April 30 under the Advance Payments Program (APP), among other measures […] Read more
Beef sector mobilizes against supply disruptions
Keeping border open, meeting demand for beef are top priorities
Teams of livestock and government officials are quickly creating plans and policies to keep the sector functioning during the COVID-19 pandemic, says the executive vice-president of the Canadian Cattlemen’s Association. “Our primary objective obviously is to insure there is stable beef production and trade that can continue under the situation with the COVID-19 pandemic,” Dennis […] Read more
The importance of meetings
Taking the step of getting together is a critical first move in happy succession
The need for better communication and holding proper meetings with advisers and family members were stressed as key factors to successful farm ownership transfers, at a recent farm transition meeting. Farm financial and legal experts gathered in London, Ont. recently for the Canadian Association of Farm Advisors’ Farm Transition Update. “I believe the business needs […] Read more
Improving global ag trade may not favour Canada
MarketsFarm — When it comes to improving global trade relations, a rising tide may not lift all boats. In the recently-signed Phase One trade deal between the U.S. and China, Beijing pledged to significantly increase Chinese purchases of U.S. soybeans and other agriculture goods. “Where does that leave room for Canada, given the demand side […] Read more
Canadian farm equipment sales drop as net farm income plunges
Trade barriers, poor growing conditions and rising costs take bite from income
Canadian farmers are feeling the financial pinch of lost markets and rising expenses after a prolonged period of prosperity, according to recently published statistics. Net farm income plummeted 46 per cent (in constant 2012 dollars) in 2018 after seven years of above-average incomes. The outlook for 2019 is equally grim. Why it matters: As the […] Read more
Pulse weekly outlook: FCC sees opportunities for exports
MarketsFarm — Farm Credit Canada (FCC) on Tuesday released a report titled Diversifying Canada’s agriculture exports, which included pulses and also looked at some of the pros and cons to diversifying Canada’s wheat, canola and soybeans. “Canada has done extremely well in establishing strong trade relations in a number of key markets thanks to a […] Read more
Liberals pledge revamp of federal farm lender
The federal Liberals’ platform heading into the Oct. 21 election calls for an “expanded and enhanced” role for Farm Credit Canada in supporting the country’s agriculture and agrifood sectors. Platform documents released Sunday last week (Sept. 29) call for the merger of several existing federal financial and advisory services — which the Liberals said are […] Read more
An economic reality check for Canada’s farm sector
Chaotic trade and financial environments dominate first half of 2019
Many analysts predicted market uncertainty for 2019 and so far, those predictions have come true. With trade wars, mixed-result political dealings, and an overall unstable global economy, the situation for Canadian farmers continues to be concerning – though not inherently dire. Why it matters: Uncertainty about markets, politics and the global economy are causing anxiety […] Read more
FCC to offer flexibility in hurricane-battered areas
Farm Credit Canada says it plans to help its farmer clients in Atlantic Canada work around financial pressures following Hurricane Dorian’s passage through the region over the weekend. “We won’t know the full extent of damage for some time, but we’ve already heard that some customers will likely be facing some financial hardship as a […] Read more
Cyber-Savvy Farmer
