GFM Network News


Australian crop production set to skyrocket in 2020-21

After three years of drought, Australia will see its crop production spike in 2020-21, according to the Australian Bureau of Agriculture and Resource Economics and Sciences (ABARES). In ABARES’s June report, it noted that average to above-average rainfall has greatly assisted Australia’s main winter crops of wheat, barley, canola and chickpeas. However, the report said

Record grain movement in May

Another month, another record

Canada’s two major railways moved a record amount of grain in May. For CN Rail May marked the third monthly record in a row having shipped 2.5 million tonnes of grain up from 2.4 million in May 2014, it said in a news release June 1. CP Rail moved 2.8 million tonnes of grain in May, beating its previous record set in May


Unlike what many analysts have said in the past, the food sector has never been recession-proof. COVID-19, however, may show us that it is in fact immune to deflationary pressures.

Opinion: Better get used to higher food prices

Food inflation is vastly outstripping price advances in other products

Despite a negative inflation rate, recent StatsCan numbers are telling us that we are in for a wild ride at the grocery store. The numbers are also telling. While the general inflation rate sits at -0.2 per cent, the food inflation rate is at 3.4 per cent. In December 2019, Canada’s Food Price Report forecasted

As farmers are putting their next 
crop in, there’s controversy over how hard hit some producers have been, 
according to the latest income figures.

Farm income up amid calls for more farm aid

Do Prairie grain farmers need more government help? Not right now according to one producer

Long before COVID-19 disrupted agricultural markets, Canadian farm leaders were lobbying the federal government for money to offset the effect of trade disputes and harvest problems. But the latest farm income figures don’t necessarily back that call, showing, on the whole, Canadian farmers netted more money in 2019 than the year before. 2019 Canadian farm

Despite low rates, farm interest costs ballooned in 2019

Farm income may have been up in 2019, but expenses kept pace, according to government figures. Both cash receipts and operating expenses after rebates for Canadian farmers were up six per cent to $66 billion and $53 billion, respectively, according to Statistics Canada. One of the biggest increases in expenses was interest, up almost $600


Pot crop receipts obscure farm income figures

Measured by cash receipts cannabis ranks fourth behind canola, wheat and soybeans

It didn’t take long for cannabis to become a major crop in Canada. It was legalized for recreational use in October 2018. In 2019 cannabis cash receipts of $2.3 billion put it fourth behind canola ($8.6 billion), wheat, excluding durum ($5.4 billion), and soybeans ($2.5 billion). Cannabis narrowly beat grain corn which in 2019 generated

Most of the time markets move in what can be considered a sideways trend.

Expect the unexpected in markets

When the unexpected hits, price variation can exceed the expected very quickly

Last article, I talked about managing risk and uncertainty in the markets. As you might recall, there is an important difference between the two. Risk estimates everything we think might happen. Risk is our guess about what the future holds. More precisely, it is the range of things that might happen and how probable each

FarmCash currently offers no- and low-interest loans to Alberta farmers against 50 different products.

Alberta’s FarmCash considering expanding services to other provinces

The Alberta Wheat Commission (AWC) got into the cash advance business last year creating FarmCash Advance for Alberta farmers only, but it’s considering expanding to other provinces, says FarmCash chief operating officer Syeda Khurram. That’s despite a number of other well-established grain and oilseed advance administrators, including the Canadian Canola Growers Association (CCGA), Manitoba Corn Growers Association and


Canola holds steady as seeding gets underway

Crude oil pressures and potential for major soy exports weigh in on trading

Canola prices held steady during the week ended May 15, despite turbulence from outside markets. Nearby canola contracts started the week at $471.30 per tonne and traded on either side of unchanged for consecutive trading sessions during the week. On May 14, the July contract closed at $470.70 per tonne. July soyoil dropped by about

Australia to subsidize air freight

Aim it to unfreeze agri-exports shut down by virus

Australia’s government will spend A$110 million (C$95 million) to subsidize air freight for exports of agricultural products after flights were severely disrupted due to the global coronavirus pandemic. About 90 per cent of Australian air freight is usually transported in planes carrying tourists. But with scores of countries closing their borders to stop the spread