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Canadian farm liabilities outpaced equity growth in 2024

Farmers see declining ability to service debt for second consecutive year

Canadian farmers' total equity growth slowed for the first time in five years in 2024 as liabilities grew faster than assets, Statistics Canada reported. Farmland prices led to most of the growth, while declining farm income led to less ability to service debts.








Research based on the financial statements of almost 3,000 Illinois corn and soybean farmers suggests farmers in aggregate are likely to sell four per cent more of their stored grain every time capital costs go up by one per cent.  Photo: File

Sharp drop in canola stocks

StatCan releases grain stocks as of March 31 report

Statistics Canada reported total canola stocks have plummeted over the last year. The federal agency released its grain stocks as of March 31 report on May 8. Also in the StatCan report, all wheat stocks declined moderately and there were other significant changes.

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Industry believes green pea supplies are over-reported

Analysts say crop insurance data and high prices indicate that stocks of the crop are higher than Statistics Canada is reporting

Canada has far fewer green peas than the government is reporting, says an analyst. “Purely from a price perspective, markets believe the Canadian harvest was smaller than estimated by Statistics Canada,” Stat Publishing noted in a recent article.