GFM Network News


FCC’s Marty Seymour reflects on the impacts of COVID-19 on the agricultural industry.

Agriculture learned its COVID lessons — and quickly

Now is the time to start positioning the sector for the coming recovery

The agriculture industry was hit hard by the pandemic. Early on, it became apparent that the sector needed to make changes in order to address the situation. But a year later, by many accounts, the Canadian agriculture sector has adapted effectively — spectacularly, even. This past winter at the Farm Forum conference, Marty Seymour from

(Dave Bedard photo)

Farmland appreciation continues through pandemic year

FCC report puts Canada's average land value increase at 5.4 per cent

Economic churn across Canada from the global COVID-19 pandemic didn’t faze the country’s real estate market — nor its farmland market in particular — in 2020, according to the latest review from the federal farm lending agency. Farm Credit Canada on Monday released its 2020 Farmland Values report, showing an average increase of 5.4 per


fcc

Manitoba farmland values higher again in 2020

FCC says, on average, this province's land prices rose 3.6 per cent versus 5.4 per cent nationally

Average Manitoba farmland prices were up 3.6 per cent in 2020, slightly below the Canadian average increase of 5.4 per cent Farm Credit Canada (FCC) announced in a news release Monday. A combination of low interest rates, which cut the cost of borrowing money to buy land, and higher farm cash receipts, especially for crops,

Farm Credit Canada’s chief economist says the agriculture sector is well positioned for the future.

Agriculture after the pandemic

It’s a whole alphabet of recovery options, FCC’s chief economist says

With COVID-19 vaccines rolling out for worldwide distribution and immunization on the horizon, now hopes turn to putting the virus in the rear-view mirror and rebuilding a battered global economy. That’s almost certainly going to mean enduring a sharp recession, says J.P. Gervais, chief economist for Farm Credit Canada. Speaking at the virtual Manitoba Agronomist

Farm lender delivers ebullient view of Manitoba ag

Farm lender delivers ebullient view of Manitoba ag

Farm Credit Canada’s Darren Howden says agriculture is faring much better than many other industries

Manitoba’s agriculture industry is generally financially fit, a senior executive with Farm Credit Canada (FCC) told the Keystone Agricultural Producers’ (KAP) online annual meeting Jan. 26. “Grains and oilseeds are doing really well,” Darren Howden, FCC’s senior vice-president of Prairie operations,” told KAP members. “That’s the sector we have the most business in, in Manitoba. There was a really


Still hard for young to start farming

Still hard for young to start farming

The same problems that have held back young farmers for decades are still there

Darren Howden often hears how hard it is for young people to get into farming. But Farm Credit Canada’s senior vice-president of Prairie operations, heard the same lament in the 1980s when he was young farmer just starting out. “And it was the same answer,” he told the Keystone Agricultural Producers’ online annual meeting Jan.

FCC identifies export, market diversification opportunities for Canadian food

FCC identifies export, market diversification opportunities for Canadian food

The ag lender’s latest report highlights canola oil, pork, potato products, crab meat

Canada is already a major exporter of agricultural goods, food and beverages — but increasing food and beverage exports is still one of Canada’s biggest trade opportunities, says Farm Credit Canada (FCC). And by diversifying exports farmers will become less dependent on current major markets reducing their financial risk. “When borders close for any number of reasons due to trade tensions or shock caused by disease

(Dave Bedard photo)

FCC identifies export, market opportunities for Canadian food

The ag lender's latest report highlights canola oil, pork, potato products, crab meat

Canada is already a major exporter of agricultural goods, food and beverages — but increasing food and beverage exports is still one of Canada’s biggest trade opportunities, Farm Credit Canada (FCC) says. And by diversifying exports, farmers will become less dependent on current major markets, reducing their financial risk. “When borders close for any number


Assiniboine Community College snags digital ag donation

Assiniboine Community College snags digital ag donation

Farm Credit Canada says need for digital support for farms is growing

Assiniboine Community College has received a $15,000 donation from Farm Credit Canada (FCC) to enhance its digital agriculture offerings. “As the agriculture industry evolves toward an increased focus on technology and precision agriculture, so comes an increased demand for digital agriculture knowledge and training,” Chris Budiwski, ACC’s chair of agriculture and environment said in a

“Land not paying for itself is more likely to occur now given the ratio of land prices to farm revenues...” – J.P. Gervais, Farm Credit Canada.

What’s the driving force behind Manitoba farmland values?

KAP is going over the Manitoba Farm Lands Ownership Act with a fine-tooth comb

The only way for a young person to acquire farmland, the joke goes, is through the church, since it takes a funeral or a wedding. An inheritance or marriage aren’t the only ways, but the quip underscores that high land prices make it difficult for beginning farmers. “It’s extremely frustrating for me and many young farmers in this area (near Elie,