One of the joint-venture owners of Winnipeg pea and canola protein processor Merit Functional Foods says it’s in talks to buy full control of the cash-strapped company. Two days after […] Read more
Tag Archives fcc
Merit Foods stakeholder looking to buy company
Burcon 'actively engaged' with company's receiver
EDC executive to lead Farm Credit Canada
Justine Hendricks to replace retiring Michael Hoffort
Canada’s federal farm lender is importing its next chief executive from Export Development Canada. Federal Agriculture Minister Marie-Claude Bibeau on Wednesday announced the appointment of Justine Hendricks, EDC’s senior vice-president […] Read more
Farm equipment demand to remain high, FCC says
Low inventories, high commodity prices and a good crop place pressure on demand
Demand for farm equipment should remain high through 2023 despite higher interest rates and projected price increases, according to Farm Credit Canada. The federal ag lender has released an outlook […] 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 […] Read more
Farmland appreciation continues through pandemic year
FCC report puts Canada's average land value increase at 5.4 per cent
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 […] Read more
Suspended pulse crop handlers partly reinstated
Companies can't buy or receive more grain from growers
Three suspended pulse and special crop handling and processing companies are again licensed to move Canadian grain — but not to buy any. The Canadian Grain Commission announced Monday it […] 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 […] Read more
Canadian farmland trending less affordable in FCC report
Average values continue rising across board
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, […] Read more
Tight supply chains pose food system risks with virus
Lack of redundancies in meat production system could post challenges
A lack of redundancies in agri-food system supply chains means there are risks for farmers from a disruption like that caused by COVID-19. Farm Credit Canada chief agricultural economist J.P. […] Read more
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 […] Read more
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