Since 2014, the week beginning on the first Monday in June in each year is known as Local Food Week in Ontario. Local Food Week was proclaimed in the province’s Local Food Act 2013. The purpose of the Act, according to the Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA) is to foster successful […] Read more
Tag Archives inflation — page 4
Editorial: Action on food inflation
Canada retools inflation baskets with more focus on food, gas
Snowblowers and barbecues in, DVD players out
Ottawa | Reuters — Canada’s national statistics agency on Tuesday revealed new weights for the basket of goods and services in its Consumer Price Index, giving more prominence to changes in the prices of food and gasoline. The reweighting, which Statistics Canada carries out every year, has historically had only a marginal impact on the […] Read more
New support not indicative of debt crisis: FCC
The agriculture lender has announced new credit lines with waived fees, but maintains there is no debt crisis on the horizon
Farm Credit Canada has new support for farmers facing financial difficulties. On May 23, the lender announced it will offer unsecured credit lines up to $500,000 to agricultural producers and will waive loan processing fees. A similar offer was extended to the hog sector. Why it matters: Unsustainable debt following interest rate spikes has wreaked […] Read more
FCC offers new credit line against ‘current economic environment’
Ag lender to waive loan processing fees
Farm Credit Canada’s recent outreach to specific agrifood sectors hit by unusual environmental conditions has now extended to those hit by the broader “economic environment.” The federal ag lender on Tuesday said it will offer an unsecured credit line of up to $500,000 with loan processing fees waived, “to help producers, agribusinesses and agri-food operations […] Read more
Feds lock in higher interest-free portion on cash advances
Budget boost in effect as of Monday
A further temporary increase to the interest-free chunk of cash advances available to Canadian farmers, as telegraphed in March’s federal budget, has now gone live. Agriculture Minister Marie-Claude Bibeau confirmed Wednesday that the interest-free limit under the Advance Payments Program (APP) for the 2023 program year is now $350,000, effective Monday (May 8). The regulatory […] Read more
Opinion: Keep political bitterness out of Canadian food
Examination of food price inflation offers opportunity for government to explain the components of food pricing
Glacier Farmmedia – Some things are more apparent than real. If the price of food jumps by 15 or 20 per cent due to rising global inflation, it is assumed the difference between today’s price and last year’s price is in someone’s pocket. But whose? Canadian politicians have an opportunity to explain the components of […] Read more
Drought curtails Argentina’s latest ‘soy dollar’ scheme
Soy supply 'a very different situation' now
Buenos Aires | Reuters — Farmers participating in Argentina’s “soy dollar” plan to boost exports have traded less than half of the soybeans they had traded at the same point during the previous plan, due to the impact of a drought, the Rosario grains exchange said on Friday. The Argentina government launched its latest “soy […] Read more
Canadian farmland values exceed expectations
Ontario leads the way in farmland value increases across the country
Glacier FarmMedia – Ontario farmland prices led the nation with an average increase of 19.4 per cent, well above the Canadian average increase of 12.8 per cent. The data was released in a Farm Credit Canada report on March 13. This year’s increase follows a record increase of 22.2 per cent in 2021 and a […] Read more
Opinion: Don’t forget about managing crop price risk
By the time you read this, spring should be well underway, with March behind us, the sun feeling good and the soil warming. That sounds all warm and comfortable after a March that’s been steely cool and uninspiring in the weather department, but we’re coming into a summer of uncertainty that calls for farmers to […] Read more
Opinion: A nuanced take on ‘Food Freedom’
Glacier FarmMedia – The Canadian Federation of Agriculture (CFA) took a different approach last month when it marked its annual ‘Food Freedom Day’ on February 9, just one day later than last year. Ordinarily, it’s a straightforward affair where they note that by this date, the average Canadian has earned enough to pay their food […] Read more
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