GFM Network News

Farm Credit Canada says despite headwinds, there are reasons for Manitoba farmers to be optimistic.

Bright spots for Manitoba farmers: FCC

Despite the pandemic there are positives for Manitoba producers, the national ag lender says

Profit margins for 2020 are projected to be tight for Manitoba farmers, but it’s not all doom and gloom, say officials with Farm Credit Canada (FCC). It’s hard to parse COVID-19’s impact on farmer expenses and revenues relative to other factors such as weather and commodity supply and demand, J.P. Gervais, FCC’s vice-president and chief

Federal government offers more measures to help agricultural sector

Latest moves include investment fund, changes to TFW program

The federal government continues to unveil policies and dollars it says will assist the agricultural sector during the COVID-19 pandemic. A $100-million fund, launching in partnership with Calgary-based Forage Capital Inc., will be used “to support proven, viable companies through unexpected business disruptions, such as the COVID-19 pandemic.” According to the federal government, Farm Credit

Pork sector’s calls for aid heard, not yet answered

Federal government says it's examining "all options"

Federal Agriculture Minister Marie-Claude Bibeau’s office said late last week the government is working “around the clock” to respond to the pandemic’s impact on farmers and agri-food businesses. But there was no commitment to the direct support Canadian pork industry officials say is now necessary to carry the sector through a crisis which has led

Editorial: Farmers should tread carefully when seeking more aid

There is one stabilizing force for agriculture amidst all the uncertainties as the effects of pandemic management ripple through the food chain like an electrical shock to everything it touches. The recently released Farm Credit Canada report on land values, based on 2019 transactions, shows the value of farmland in Canada continues to rise, albeit

Almost three-quarters of farmers recently surveyed say they fear the pandemic will hurt their incomes.

Survey says… farmers need COVID cash

As seeding looms, producers fear the pandemic will cut their income

COVID-19 has North American farmers worried so they are asking their respective federal governments for cash. Almost three-quarters of farmers taking part in recent surveys in Saskatchewan and the United States said they fear the pandemic will hurt their incomes. “Farmers need cash to be able to get their crop in the ground this spring,

Canadian, Manitoba farmland values higher in 2019

The yearly growth has slowed in recent seasons and that trend is expected to continue

Average Manitoba farmland values rose four per cent in 2019, just slightly higher than the 3.7 per cent increase recorded in 2018, Farm Credit Canada (FCC) says in its 2019 Farmland Values report released April 6. The biggest increase — 8.9 per cent — was in the Eastman region followed by 4.7 per cent in

A recent Farm Credit Canada report says land purchases by next-generation producers from producers exiting the industry accounted for many transactions.

A closer look at Manitoba farmland values

Eastman region saw the highest percentage increase at 8.2 per cent

Manitoba’s modest four per cent increase in farmland values in 2019 coincided with a mixed year for farmers. Cereal and canola yields were generally average, with lower yields for soybeans, corn and sunflowers, the Farm Credit Canada (FCC) report says. A lot of potatoes didn’t get harvested due to wet weather, some crops went unharvested, while hay, pasture and feed corn were hurt during

Canadian farmland trending less affordable in FCC report

Average values continue rising across board

The average value of farmland in Canada is continuing to rise faster than farmers’ ability to generate revenue from it, Farm Credit Canada’s latest Farmland Values Report suggests. The report, released Monday, shows the average value of Canadian farmland rose 5.2 per cent in 2019 over 2018, the smallest year-over-year increase since 2010, and down

Minister of Agriculture and Agri-Food Marie-Claude Bibeau and Minister of Innovation, Science and Industry Navdeep Bains at a March 23 news conference as efforts continue to help slow the spread of coronavirus.

Bibeau defends COVID-19 response for agriculture

Canada’s agriculture and agri-food minister says FCC boost and advance repayment deferrals will help with cash flow for farmers

The government’s boost to Farm Credit Canada’s lending capacity and delaying repayment of cash advances is aimed at addressing immediate agriculture sector cash flow concerns — but there’s more to come. That was the word this week from federal Agriculture and Agri-Food Canada Minister Marie-Claude Bibeau. FCC is getting a $5-billion boost to its lending

Cash advance repayment deadlines extended

FCC gets added capital to boost lending capacity

Canadian farmers who have repayment deadlines coming up on their cash advances between now and the end of April will get extra time to repay those loans. The federal government on Monday announced a stay of default on loans coming due on or before April 30 under the Advance Payments Program (APP), among other measures