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There have been recent large investments in the Manitoba Pork sector.
News

Study puts numbers to pork sector’s economic contribution

Pork’s outlook positive despite headwinds, industry says

By
Twenty-two thousand, or 55 per cent, of all agriculture and food processing jobs in Manitoba are tied to the hog sector, according to a new study released by the Manitoba Pork Council. “The contributions of Manitoba’s hog farming and pork processing sector to the provincial economy are substantial and show that our sector is an
Interest rate boost not juicing rental prices
News, Other

Interest rate boost not juicing rental prices

FCC’s latest analysis suggests the effect hasn’t hit home yet

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Higher interest rates don’t seem to be affecting the ratio between land values and land rental costs — at least not yet. Farm Credit Canada’s latest analysis of farmland rental prices says they’re roughly maintaining their traditional linkage, says J.P Gervais, the organization’s chief economist. “We were curious to see whether that would bring up
Stephen Poloz, an economist and former governor of the Bank of Canada, speaks during CropConnect in Winnipeg on February 15.
News, Other

Forecasting future little use in turbulent era: Poloz

The convergence of five ‘tectonic’ economic forces likely to create more and bigger financial shocks than usual

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In upcoming turbulent times, forecasting the future will lose value, a former Bank of Canada governor told a CropConnect audience. Instead, preparing for multiple scenarios will be key for business risk management. Economists will be “wallowing around in an incredible amount of uncertainty,” said Stephen Poloz. Why it matters: Economic volatility will make forward planning
Editorial, Op/Ed

Editor’s Take: Woe Canada

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Canada faces many issues internationally that are going to determine the success or failure of its agri-food sector. Is enough being done to address them? That was the subject of a recent summit in Ottawa that John Greig attended on behalf of Glacier FarmMedia. One of the latest and most-hyped endeavours in the agriculture sector
Over the last 70 years, after U.S. stocks drop by 20 per cent or more, it took on average 19 months to recover.
Markets, News, Other

Financial markets will recover, but when?

Assets are cheap now, but may get cheaper before they recover

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October has notoriously been perceived as a bad month for stocks. The 1929 crash that precipitated the Great Depression, Black Monday in 1987 when the Dow Jones dropped close to 25 per cent in one day, as well as the worst month of the 2008 mortgage bubble and financial crisis all happened in October. While
“For anyone who has gone through the high ... interest rates we saw in the ‘80s, this is bringing back some of those thoughts.” – Sharon Adron.
Markets, News, Other

Smaller interest rate hike signals ‘the end of the front loading’

Slowing pace suggests future hikes could be more moderate, observers say

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There could be a bright side to the latest Bank of Canada rate hike, says Farm Credit Canada economist J.P. Gervais. The Bank of Canada announced a 50 basis point increase in its key rate on Oct. 26, to 3.75 per cent. That followed a 75 basis point increase in September and a 100 point
A U.S. oil refinery in Texas. The world’s two largest refinery systems are both producing less distillate fuel than before the pandemic erupted.
Comment, Op/Ed, Other

Comment: Diesel’s gloomy message for the global economy

The only way to rebalance supply and demand is more supply or a deep recession

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Global shortages of middle distillates such as diesel, gas oil and heating oil are intensifying rather than easing, making it more likely a relatively severe slowdown in the business cycle will be necessary to rebalance the market. U.S. inventories of distillate fuel oil depleted to 106 million barrels on Oct. 7, the lowest seasonal level
Photo: Thinkstock

China to step up investment in rural infrastructure

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Beijing | Reuters – China will accelerate investment in rural infrastructure to improve its ability to ensure food supply while also stabilizing the economy, according to a plan published by the agriculture ministry on Tuesday. The plan, backed by eight ministries and government agencies, comes amid slowing growth in the world’s second-biggest economy, due to
Op/Ed, Opinion

Opinion: Drought, war, inflation and consumer disconnect

Would the public support farm and food programs if they knew the farm income numbers?

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By almost any measure, 2022 has been a tough year for most. Inflation, war, the growing consequences of climate change and then widening political divide are just a few of the compounding woes we continue to deal with. In the middle of this chaos, however, U.S. farmers received remarkably good news. According to estimates released
The Bank of Canada continues to raise interest rates in an effort to stamp out inflation.
News, Other

Understanding risk exposure key to managing rising interest rates

The Bank of Canada is still signalling that more rate hikes are coming

By
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 in July and was the

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