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FCC to funnel funds to ag sector

COVID-19: Loans, deferral assistance intended to ease sector through disruption

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Canadian farmers, agribusiness and food processors will provide loan deferral assistance and access to more loans through a $5 billion program being administered by Farm Credit Canada (FCC) as Canada’s food sector faces the challenges of COVID-19. In addition farmers with cash advance loans due April 30, worth $173 million in total, will extended. The
Concerns about supply chain issues and a slowdown in consumer spending due to coronavirus fears are weighing heavily on the cannabis sector.
Markets, News

Cannabis funds inch higher after touching all-time lows

The legal weed sector faces declining market fundamentals

By
Reuters – Exchange-traded funds that invest in cannabis stocks rebounded March 10, one day after a global equity rout dropped them to all-time lows. The $509-million ETFMG Alternative Harvest ETF gained 2.2 per cent in afternoon trade, while the $318-million Horizon Marijuana Life Sciences ETF rose 1.8 per cent during a market rally that pushed
Concerned residents lined the walls and into the hallway as representatives from the now closed Morris Sales and Service stood up to address questions on the future of the dealership March 11 in Virden.
Equipment, News, Other

Morris Sales and Service shuttered in Virden

The staff at the now defunct Morris Sales and Service in Virden are still hoping that interest from some other company might revive their business

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Employees of Morris Sales and Service in Virden are looking for work after the dealership officially closed its doors March 12, part of restructuring efforts after Morris Group, including Morris Industries, came under creditor protection earlier this year. The company was approved for creditor protection Jan. 8, 2020 by a Saskatchewan court. The company has
Elevators implement COVID-19 protocols to keep grain moving
News, Other

Elevators implement COVID-19 protocols to keep grain moving

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Canada’s grain companies are still moving grain to market, but have implemented measures to protect staff and customers from COVID-19. Richardson-Pioneer, Viterra, G3, Cargill and Parrish and Heimbecker are all taking farmers’ grain but are restricting contact between staff and farmers and moving it to market, while using social distancing. “We remain open for business,
A foreign laborer tends to plants in a greenhouse.
News

Travel restrictions complicate temporary foreign labor

COVID-19: Organizations scrambled to work out if—and how—much-needed seasonal laborers would get into Canada and onto their farms

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Travel restrictions and mixed messaging had some Manitoban producers “freaking out” after it seemed temporary foreign workers might not be let into the country. On March 16, Prime Minister Justin Trudeau announced that foreign nationals from all countries except the U.S. would be temporarily barred from entering Canada in response to the evolving threat of
Is the program too complex and ‘unbankable’ to be reformed?
News, Other

Is it time to break through the maze of AgriStability?

Some farmers have long thought so and now the provincial ag minister is also wondering

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Manitoba Agriculture Minister Blaine Pedersen has asked his department for ideas on how to replace AgriStability with an enhanced AgriInvest program. Some frustrated farmers say it might be better to scrap AgriStability in favour of something else. Pedersen, who has called AgriStability “a broken wheel,” doesn’t disagree. “There’s lots of challenges with AgriStability so let’s
There has been declining enrolment in AgriStability over the years.
News, Other

Farmers fed up with AgriStability

CFA has a three-pronged approach to address farmers’ concerns with farm program

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Canadian farmers are fed up with governments failing to fix AgriStability, says Chris van den Heuvel, second vice-president of the Canadian Federation of Agriculture (CFA) and a Nova Scotia farmer. “We’re relying on programs that are ineffective, untimely and not impactful,” he said in an interview March 5. “We have been bringing this forth continuously
“With AgriStability you are protecting a margin and it’s more coverage than you think.”
News, Other

The quest for a perfect farm safety net program

There’s a long list of plans that have come and gone

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The perfect farm income stabilization program is as elusive as utopia itself. But a lot of farmers say they would be happy if AgriStability’s payout trigger went back to an 85 per cent, instead of the current 70. But that would cost governments potentially a few hundred millions of dollars more, estimates University of Saskatchewan
Bull sales still rolling despite pandemic
Livestock, News

Bull sales still rolling despite pandemic

COVID-19: The purebred cattle sector may see more movement online, but sales are still on the schedule

By
Tis the season for bull sales among the country’s purebred cattle operations, but this year they have an extra hurdle to contend with: COVID-19. The purebred cattle sector expects bull sale season to move forward as planned, albeit with social distancing measures to help slow the spread of COVID-19. As of March 17, the province

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