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A significant amount of liquidity for grain farms comes from harvest still in the bin.
News, Other

Are farm finances on a slippery slope?

Canadian agriculture’s balance sheet is strong, but eroding margins and rising costs may temper producers’ optimism

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At the end of 2017, Canadian farm debt topped $100 billion. At the time, it was a bigger number than the national debt of 135 countries, noted Country Guide columnist Gerald Pilger. The climb hasn’t stopped. The figure rose steadily since crossing the $100-billion threshold. As of 2022, the most recent year on Statistics Canada’s
(Dave Bedard photo)
National news, News, Other

Economic outlook marks hazards ahead

From interest rates to the dollar to commodity prices, here’s what Farm Credit Canada sees coming

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Farm Credit Canada predicts a bit of a rocky road ahead for Canadian farmers, with input prices high, commodity prices low and interest rates not expected to drop in the short term. “The sentiment of the industry is not the greatest right now,” said Desmond Sobool, FCC’s director of economics and deputy chief economist, speaking
News

Future growth in agriculture will require investment

Canadian ag at forefront of growth: FCC president

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Glacier FarmMedia – Farm Credit Canada’s president is bullish about the future of Canadian farming. “Consumers around the world are counting on us to increase sustainable food production and, to do so, we will need to take on new risks, new beginnings and form new partnerships,” said Justine Hendricks at Canada’s Agriculture Day in Ottawa
Any two, three, four or five per cent that you can get in terms of efficiency, in terms of productivity, will help on the bottom line, because there’s a multiplicative effect when it comes to lowering your costs...” – J.P. Gervais, Farm Credit Canada.
News, Other

Economic hurdles ahead for farmers

FCC projects sliding revenue fortunes, maintains long-term optimism

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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
(Dave Bedard photo)
Crops

FCC announces new 4R incentive

The program is open to FCC customers who use AgExpert platform

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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.
“Farmers today can produce two times as much with the same level of inputs,” says a new FCC report.
Editorial, Op/Ed

Editorial: Production, productivity and climate change

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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
photo:
News, Other

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

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[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.

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