Farm Credit Canada Archives - Page 6 of 19

“It’s still debt, at the end of the day. It’s certainly not from a grant money standpoint. But it gave access to short-term cash.” – Wilco van Meiji, Farm Credit Canada

Producers look for credit bridge

High feed needs, plus low feed supply, plus less than optimal cash flow means producers are looking for a financial boost to get them through to spring

By Alexis Stockford April 1, 2022

Winter pressure on already strained feed supplies has some producers searching for credit, as they look to tide themselves over until spring. Cash flow has been tight in a sector racked by drought last year — including a depressed cattle market as a glut of producers were forced to downsize herds. Cattle producers have since

Markets

Rate of rise in farmland value ‘surprised’ in 2021

Canada books 8.3 per cent year-over-year increase, FCC reports

By Adam Peleshaty, GFM Network News March 15, 2022

MarketsFarm — Despite a year of economic uncertainty due to extreme weather, reduced crop yields and the COVID-19 pandemic, the value of Canadian farmland rose by its highest rate in four years, according to a report from Farm Credit Canada (FCC). FCC’s report, released Monday, revealed that the national average value of farmland increased by

News

Hay West gets funds to ship more bales

The CFA-headed campaign is one of a few projects of farmers helping farmers through hay relief

By Manitoba Co-operator Staff October 25, 2021

A $75,000 shot in the arm will help ‘Hay West’ send more bales to struggling farmers, the Canadian Federation of Agriculture (CFA) said. “CFA hopes these gestures of financial support will spur further contributions, as the drought in Western Canada has been extremely lengthy and resulted in a dire need for hay,” the organization said

“When we ask people to pay market value, they are only going to do that if they believe in their own ability to grow that operation.” – Tom Deans.

Farmit Manitoba, Other

Don’t give away the farm, says transition expert

Encourage children who want to farm to start buying in early, said Tom Deans

By Geralyn Wichers July 28, 2021

Don’t gift the farm to your children, but make them buy it at full market value, says one intergenerational wealth expert. “When we take shortcuts with the valuation and offer discounts to the family, we damage the confidence of the next generation. We actually undermine their authenticity,” said Tom Deans. Deans, an author and business

High prices can skew cost of production, and if inflation returns in earnest, so could higher rates.

Farmit Manitoba, Markets, Other

Price spikes can bring input cost risks

History highlights what can happen if market events suddenly make the current debt-to-income ratio untenable

By Matt McIntosh July 8, 2021

Commodity prices have been strong for the past eight months. It’s been a boon for growers, though prolonged periods of decent returns can skew the cost of production. Canadian growers could be open to significant financial hardship if they see sustained price reductions or major production challenges like those experienced in the 1970s and 1980s,

If inflation returns in earnest, so could higher rates.

Farmit Manitoba, News, Other

Interest rates biggest farm finance risk

Farm Credit Canada says the pace of debt growth has slowed but farmers need to have an interest rate risk management plan

By Manitoba Co-operator Staff July 8, 2021

The expansion of Canada’s farm debt continued, but at its lowest pace in six years. Meanwhile Farm Credit Canada’s chief economist says that the potential for higher interest rates is the “darkest cloud” in that otherwise optimistic picture. Statistics Canada data showed outstanding Canadian farm debt increased by 5.9 per cent to $121.9 billion as

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

News

Agriculture learned its COVID lessons — and quickly

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

By Don Norman April 12, 2021

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

Markets

Farmland appreciation continues through pandemic year

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

By Dave Bedard, GFM Network News March 15, 2021

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

News, News & Opinion, Other

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

By Allan Dawson March 15, 2021

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.

Farmit Manitoba, News

Agriculture after the pandemic

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

By Gord Leathers February 23, 2021

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

Daily Network News

Prairie Wheat Weekly: Rising loonie pushes down cash prices

Prairie forecast: Arctic air dominates the forecast

Bayer takes its multi-front battle on pesticide liability to Kansas

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