The dairy sector seems set to stabilize in 2024 amidst high processor demand and leveling-off input costs, Farm Credit Canada says.
Tag Archives Farm Credit Canada — page 3
Dairy sector set to stabilize in 2024: FCC
Feed prices, butter stocks, retail demand and inflation top trends to watch
Economic hurdles ahead for farmers
FCC projects sliding revenue fortunes, maintains long-term optimism
A prominent Canadian ag lender is projecting a 4.8 per cent decline in farm cash receipts in 2024, thanks in part to a softening market. Consequently, its leading economist is urging producers to find any way to save money. “In this environment, I do think that management skills are absolutely critical,” said J.P. Gervais, vice-president
FCC predicts drop in farm cash receipts for 2024
Interest rates, inputs costs may come down but farmers urged to sharpen their pencils
FCC's top economist is urging farmers to find any way they can to save money, as the ag lender projects a 4.8 per cent decline in farm cash receipts in 2024 on the heels of lower commodity prices.
FCC announces new 4R incentive
The program is open to FCC customers who use AgExpert platform
FCC announced the new Sustainability Incentive Program at the Western Canadian Crop Production Show in Saskatoon. The program is open to FCC customers who put a 4R nutrient management plan in place, record production activities through AgExpert Field, and have their 4R practices verified by a 4R designated agronomist.
Editorial: Production, productivity and climate change
A tantalizing report from Farm Credit Canada recently estimated the riches that would flow if the productivity growth of the decades leading into the 21st century were to return. “Assuming the Canadian agriculture industry returns productivity growth to the plateau we recorded two decades ago, this would add as much as $30 billion in net
Interest rate relief on the horizon: FCC
Latest U.S. Federal Reserve pronouncement heightens consensus that the worst of inflation and interest rate shocks is over
[UPDATED: Dec. 29, 2023] Canada’s largest agricultural lender says Canadian farmers can expect to see interest rate relief in the coming year. In a macroeconomic snapshot released in December, Farm Credit Canada said it expects to see rate cuts totalling 75 basis points (three quarters of a per cent) in the latter half of 2024.
Merit Foods pays off operating lender, no deal yet for plant
Plant-based protein processor in receivership since March
A Winnipeg pea and canola protein processor in receivership since this spring remains mothballed for now with no firm buyer — but has paid off one of its three secured creditors. Merit Functional Foods, which entered receivership March 1 after just two years’ operation, has sold all its remaining finished and raw inventory and directed
Manitoba lags national foodservice recovery
Keystone province sees provincial sales decrease, says FCC
Food service sales in 2023 have been steady compared to 2022 in all provinces except Manitoba, which saw a drop of one percent, says a report from Farm Credit Canada. The report says sales in 2023 are back to pre-pandemic levels but below the pre-pandemic trend in most cases. Alberta leads all Canadian provinces with
Farmland values still rising, but slower
High interest rates and already high prices are contributing to the slowdown
Average Manitoba farmland prices were up 6.4 per cent in the first half of 2023, slightly below the Canadian average increase of 7.7 per cent. The data, released in an Oct. 3 Farm Credit Canada (FCC) report, shows the province following the national trend. Analysts say the rate of increase is starting to ease. “When
FCC to offer beef heifer replacement loans
Loan program for those wanting to build, maintain herds
Cattle producers wanting to expand or maintain herds — in a time of nationwide herd contraction — are the expected beneficiaries for a new loan program from Farm Credit Canada. FCC on Tuesday announced what it calls the Replacement Heifer Program, consisting of a loan with a maximum loan life of seven years and a
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