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
Tag Archives fcc
Farm equipment demand to remain high, FCC says
Low inventories, high commodity prices and a good crop place pressure on demand
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
Machinery costs driving up fixed farming expenses
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) […] Read more
High stocks-to-use ratio weighs on canola
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 […] Read more