Food price inflation and labour market volatility remain the post-pandemic factors to watch, Farm Credit Canada finance specialists said during the agency’s annual economic outlook Jan. 24. Although challenges like […] Read more
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Tag Archives farm income
Farm revenues should rise in 2023, but so will costs
Annual FCC Economic Outlook focuses on predicted global economic slowdown
Alberta poultry sector gets late entry for AgriStability
Participation deadline extended to end of month
In the wake of avian influenza outbreaks in the region, Alberta poultry producers have been granted a late participation option to sign up for the federal/provincial AgriStability income stabilization program. […] Read more
Farm cash receipts on the rise, StatCan shows
MarketsFarm — Farm cash receipts improved 13.7 per cent during the first three quarters of 2022, Statistics Canada reported Monday. From January to September, those receipts reached $66.7 billion. That […] Read more
Initial drought list ready for 2022 livestock tax deferrals
Much of Manitoba, southern Alberta designated for 2022
Many of the Prairie livestock producers forced by drought to make “difficult herd management decisions” in the 2022 income tax year are now eligible to defer the taxable income from […] Read more
Former federal agriculture minister Bob Speller, 65
Ontario MP served in Paul Martin's cabinet
A memorial will be held next week for Bob Speller, the Ontario businessman who served as Canada’s agriculture minister in the thick of the country’s BSE crisis. Speller, the MP […] 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. […] Read more
U.S. pegs farm income at eight-year high amid strong corn, soy prices
U.S. farmers’ net income is projected to jump 19.5 per cent this year to an eight-year high of $113 billion, the U.S. Department of Agriculture said on Sept. 2 in a sharp […] Read more
B.C. again waives ag income threshold for farm properties
Some farms otherwise risked property tax reclassification
British Columbia farmers who’ve taken pandemic-induced losses in farm income will be able to keep their farm properties classified as such for another tax year. The province on Monday announced […] Read more
StatsCan shows 2020 farm income up significantly
Farm cash receipts were up more than expenses
Canadian farm income, no matter how it’s measured, was up a lot in 2020, data released Wednesday by Statistics Canada show. Canadian net farm income of $18.1 billion is up […] Read more
USDA can steer farm aid money to fight climate change, Vilsack says
Reuters — The White House wants to tap a pool of funds from the U.S. Department of Agriculture’s Commodity Credit Corp. (CCC) to support on-farm efforts to fight climate change, […] Read more