Latest Newsletter

Tag Archives fcc — page 5

(Luca Piccini Basile/iStock/Getty Images)
Machinery, Markets

Farm equipment demand to remain high, FCC says

Low inventories, high commodity prices and a good crop place pressure on demand

By
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 on the farm equipment market that analyzed data and trends that affect the market. While the outlook attributes much of the current demand to relatively […] Read more
(Dave Bedard photo)
Markets

Rate of rise in farmland value ‘surprised’ in 2021

Canada books 8.3 per cent year-over-year increase, FCC reports

By
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 four years, according to a report from Farm Credit Canada (FCC). FCC’s report, released Monday, revealed that the national average value of farmland increased by […] Read more
(Dave Bedard photo)
Markets

Farmland appreciation continues through pandemic year

FCC report puts Canada's average land value increase at 5.4 per cent

By
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
A view from Globeways Canada’s office at Mississauga, Ont., from a 2011 video marking the presentation of the Mississauga Board of Trade’s award for Small Business of the Year. (MBOT video screengrab via YouTube)
Crops

Suspended pulse crop handlers partly reinstated

Companies can't buy or receive more grain from growers

By
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 has reinstated the licences for Globeways Canada Inc. and its subsidiaries: Canpulse Foods Ltd., a pulse and canary seed processor at Kindersley, Sask., and Global […] Read more
(Dave Bedard photo)
Markets

FCC identifies export, market opportunities for Canadian food

The ag lender's latest report highlights canola oil, pork, potato products, crab meat

By
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
(Dave Bedard photo)
Markets

Canadian farmland trending less affordable in FCC report

Average values continue rising across board

By
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
The health and willingness of truck drivers will be critical to maintain the agriculture and food supply chain.
Business, News

Tight supply chains pose food system risks with virus

Lack of redundancies in meat production system could post challenges

By
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. Gervais and Guelph-based economic researcher Al Mussell say, however, that the government knows how important food is to Canadians and will find ways to assure […] Read more
(Photo courtesy Canola Council of Canada)
Markets

Cash advance repayment deadlines extended

FCC gets added capital to boost lending capacity

By
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
(Greg Berg photo)
Crops, Machinery

Machinery costs driving up fixed farming expenses

By
MarketsFarm — Fixed costs on farms continue to rise year-over-year, a statistic largely attributed to increasing land values and interest rates. At the beginning of 2019, Farm Credit Canada (FCC) reported farmland values across Canada increased by an average of 6.6 per cent during the previous year. But that’s not the main driver of fixed […] Read more
ICE Futures March 2020 canola with 20- and 50-day moving averages. (Barchart)
Crops, Markets

High stocks-to-use ratio weighs on canola

By
MarketsFarm — The Canadian canola stocks-to-use ratio was over 20 per cent at the end of 2019 — significantly higher than the five-year average of 13.4 per cent. “That’s part of the reason why we’re seeing downward pressure on canola prices,” Craig Klemmer, chief agriculture economist for Farm Credit Canada (FCC), explained during his presentation […] Read more

Cyber-Savvy Farmer

Glacier Farmmedia Podcast