Farm Credit Canada says it remains willing to work around the various forces majeures standing between its farmer clients and their cash flows this year. The Crown lending agency reiterated Monday it will work with customers “to come up with solutions for their operations on a case-by-case basis” in view of this spring’s weather worries […] Read more
Tag Archives farm credit canada — page 8
Flexibility available for farmers on FCC loan payments
The largest soybean crop ever?
The switch away from corn due to late planting and a wet spring could mean record soybean acres
Planting of the Ontario soybean crop was still underway in early June, with time left in the planting window. Horst Bohner, soybean specialist at the Ontario Ministry of Agriculture, Food and Rural Affairs, said that about five per cent of the crop had been planted by end of May. However, some better weather in June […] Read more
China, drought, debt shake Canadian farm finances
Winnipeg/Ottawa | Reuters — For years, the financial stability of Canadian farmers was the envy of their U.S. counterparts, but rising costs, drought and a dispute with China have weakened their bottom lines. Net incomes plunged last year, and that setback was followed in March by China’s halting purchases of canola, Canada’s biggest crop. Now […] Read more
Ontario farmland price increase drops to lowest level since 1999
Across the country, farmland values rose but not as much as in other recent years
Farmland in Canada continues to get more expensive, but commodity prices and less demand for land from some sectors means land value increases in 2018 have slowed compared to the previous two years. The 2018 Farm Credit Canada (FCC) Farmland Values Report shows Canadian farmland values, in price per acre, increased by 6.6 per cent, […] Read more
Report shows slower pace for rising farmland values
While lower-valued farmland more often showed a higher rate of increase, and price hikes varied from region to region, Canada’s farmland values on average have booked their slowest year-over-year rate of increase in almost a decade. That’s according to the annual Farmland Values Report from Farm Credit Canada (FCC), in which the federal ag lending […] Read more
FCC offers up new Starter Loans
“Preferential” loan rates are available to young farmers or agribusinesspeople planning start-ups through a new Farm Credit Canada lending program. Lawrence MacAulay, addressing the Canadian Federation of Agriculture’s annual meeting Wednesday in Ottawa when he was still federal minister of agriculture, unveiled the federal ag lending agency’s new Starter Loan Program. The program, according to […] Read more
The good, the bad, and the uncertain
Agriculture takes a cautious but optimistic economic step into 2019
The last few years have been good for business, generally speaking, but as some notable headwinds gain strength, Canadian farmers may want to approach the coming year with caution. Uncertainties regarding trade and economic health south of the border, as well as upward pressure from input costs and interest rates, make it difficult to predict […] Read more
Ag seen gaining on slightly weaker loonie in 2019
CNS Canada — Farm Credit Canada (FCC) predicts the Canadian dollar will spend the year around the 75-U.S. cent mark — slightly softer than last year’s average of 76. “We’re going to see volatility throughout the year obviously but when we look at that season, or the full year average, we’re looking for it to […] Read more
Editorial: The market’s knife edge
We like to think that markets are rational — that they independently move up and down based on fact, not emotion. But when they are confused, or befuddled by signals that haven’t been there before, they can be downright unpredictable. A recent Farm Credit Canada look at 30 years of data around market volatility shows […] Read more
Price volatility means export challenges
Farm Credit Canada study covering 30 years shows most agriculture exports drop during periods of volatility
A Farm Credit Canada analysis of 30 years of trading showed that during periods of price volatility, Canadian exports usually decline to most markets. Prices for soybeans, beef and pork are particularly volatile during periods driven by trade tensions – as are being seen right now. That doesn’t bode well for producers of those commodities […] Read more
Cyber-Savvy Farmer
