Glacier FarmMedia – Demand for farm equipment should remain high through 2023 despite higher interest rates and projected price increases, according to a new report from Farm Credit Canada (FCC). Much of the demand stems from relatively high commodity prices and strong farm cash receipts, but the COVID-era supply chain hangover is also a factor. […] Read more
Tag Archives inflation — page 6
Farm equipment demand to remain high, but more price hikes likely
It may take until 2024 before manufacturers are able to catch up from supply chain woes
Public trust in Canada’s food system comes off pandemic high
Cost of living and other factors drive a return to pre-2020 consumer perceptions
After a pandemic-induced boost, the latest public trust report from the Canadian Centre for Food Integrity indicates Canadians’ faith in the food system has fallen back to general historical trends. As the 2022 CCFI Public Trust Research Report describes, 24 per cent of survey respondents believe the food system is headed in the wrong direction, […] Read more
Study highlights economic impact and funding shortfall of RMP/SDRM programs
Study results come at an important time as farm sectors struggle with inflation
The Ontario Agriculture Sustainability Coalition (OASC) has released results of a new study examining the economic impact that Ontario’s Risk Management Program (RMP) and Self-Directed Risk Management Program (SDRM) have on Ontario farms, farm production and the broader Ontario economy. Highlights of the study include: Every dollar spent on RMP/SDRM leads to $2.01 – $3.60 […] Read more
Ontario farmland values nearly double national average
Interest rate effects are present, but delayed
High commodity prices and pent-up demand for Ontario property continue to raise farmland values despite higher interest rates. Farm Credit Canada’s (FCC) recent mid-year land values report again highlights across-the-board increases in average farmland values, but Ontario figures are nearly double the national average. FCC analyses highlight an 8.3 per cent increase in farmland values […] Read more
Competition Bureau to probe soaring food prices
Retail food prices seen outpacing inflation
Reuters — Canada’s competition watchdog said on Monday it would examine factors impacting soaring food prices and whether more competition in the grocery stores sector could help lower costs for Canadians. Price rises for store-bought food have been outpacing the broader annual inflation rate for 10 consecutive months, and grew 11.4 per cent in September, […] Read more
Klassen: Demand fears cause feeder cattle market volatility
Barley values continue upward
Compared to last week, western Canadian yearling markets traded $4 higher to as much as $6 lower. Strength was noted in the eastern Prairie regions while the market was softer in Alberta. Western Canadian calves were extremely volatile, trading $5 higher to as much as $10 lower in some cases. It’s not uncommon for markets […] Read more
Understanding risk exposure key to managing rising interest rates
The Bank of Canada is signalling that more rate hikes are coming
Glacier FarmMedia – Farmers need to thoroughly understand their risk exposure as they view the Bank of Canada’s latest interest rate hike, says Farm Credit Canada (FCC) economist J.P. Gervais. The Bank of Canada on Sept. 7 announced a 75-basis-point increase in its key rate, bringing it to 3.25 per cent. It followed a 100-basis-point increase […] Read more
Opinion: Food inflation seems to be concluding
Statistics Canada is reminding Canadians every month how painful their trips to the grocery store have been recently. The retail inflation rate is still at an astonishing 9.9 per cent, its highest point since 1981. In fact, our food inflation rate has exceeded the general rate since December of last year, which is why food […] Read more
Klassen: Steady demand underpins feeder cattle complex
Compared to last week, Alberta yearling markets traded $2-$4 on either side of unchanged; however, 800-pound-plus cattle in Manitoba and Saskatchewan appeared to trade $4-$6 higher. Yearling prices across the Prairies are now relatively even with no freight discounts from major southern Alberta markets. Calf markets are becoming more defined with larger volumes on offer. […] Read more
Machinery market remains hot, but sales cool
Machinery makers face shortages of parts, supply chain delays, rising costs for labour and transportation as COVID disrupts business
Glacier FarmMedia – Farm equipment sales are down for Canada and United States, with Canada showing significant reductions from last year on the largest gear. This year, four-wheel drive tractors and combines in Canada saw sales fall 22 per cent from last season at this time. American numbers were better, but followed the same trend, […] Read more
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