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While Canadian agribusinesses have already successfully started to find new customers, markets for major crops such as wheat, canola, soy and pulses face "barriers to further diversification."
Markets, News

Crop exporters face growing competition

Diversifying Canada’s customer base won’t be easy, FCC says in new report

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Canada’s agri-food sector is highly dependent on export markets and efforts to diversify the existing customer base won’t be easy in the coming years because of growing competition, says a new report from Farm Credit Canada. While Canada stands in fifth place among the current agri-food exporting nations and has ambitious plans to move closer to first, it’s
“Most Canadian farms continue to be in a very good financial position. The farm debt-to-asset ratio is lower than the 15-year average, and the net worth of Canadian farms has grown steadily over the past decade.” – J.P.Gervais.
News, Other

Are Canadian farmers in crisis?

According to the NFU they are, but FCC says despite tougher times the sector remains financially sound

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The National Farmers Union (NFU) says Canadian farmers are in financial crisis, but Farm Credit Canada (FCC) is less pessimistic. Farmers are facing tougher times, but not like in the 1980s, J.P. Gervais, FCC’s vice-president and chief agricultural economist, said in an interview Dec. 2. “I wouldn’t call this a crisis,” he said. After several
(Dave Bedard photo)
Crops, Markets, Pulses

Pulse weekly outlook: FCC sees opportunities for exports

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MarketsFarm — Farm Credit Canada (FCC) on Tuesday released a report titled Diversifying Canada’s agriculture exports, which included pulses and also looked at some of the pros and cons to diversifying Canada’s wheat, canola and soybeans. “Canada has done extremely well in establishing strong trade relations in a number of key markets thanks to a
(Dave Bedard photo)
Markets

Liberals pledge revamp of federal farm lender

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The federal Liberals’ platform heading into the Oct. 21 election calls for an “expanded and enhanced” role for Farm Credit Canada in supporting the country’s agriculture and agrifood sectors. Platform documents released Sunday last week (Sept. 29) call for the merger of several existing federal financial and advisory services — which the Liberals said are
A host of factors such as blows to commodity prices, global trade uncertainty and weather challenges have impacted farmland values.
News, Other

Manitoba bucks slower farmland value growth trend

The Keystone province saw growth nearly three per cent higher than the national average

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Manitoba is the lone province to buck a trend toward lower farmland values growth. A recently released Farm Credit Canada review found only modest national growth this year, falling from 6.6 per cent in 2018 to a 3.3 per cent annualized increase in the first half of 2019. Manitoba, however, notched a 6.2 per cent
P.E.I. Premier Dennis King speaks Sept. 9, 2019 during an update on effects from Hurricane Dorian. (PrinceEdwardIsland.ca)
Weather

FCC to offer flexibility in hurricane-battered areas

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Farm Credit Canada says it plans to help its farmer clients in Atlantic Canada work around financial pressures following Hurricane Dorian’s passage through the region over the weekend. “We won’t know the full extent of damage for some time, but we’ve already heard that some customers will likely be facing some financial hardship as a
Mental health issues impact every segment of our society, including those in Canada’s agriculture and food sectors.
News, Other

Mental health in agriculture partnership expands

Do More Agriculture and Farm Credit Canada are building on their mental health awareness and training efforts

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The Do More Agriculture (DMA) Foundation and Farm Credit Canada (FCC) are extending and expanding their partnership to bring mental health awareness and training to rural Canada. The two-day training program, developed by the Mental Health Commission of Canada, is aimed at developing community leaders, said DMA Executive director Adelle Stewart. The leaders are trained
Manitoba land increased by five per cent in 2017, and 8.1 per cent in 2016.

News, Other

Prairie farmland values increase in 2018

Lower-valued land sees an increase in demand, indicating land purchases based on proximity

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Farmland values across Canada increased by an average of 6.6 per cent in 2018, according to a recently published report by Farm Credit Canada (FCC). Average farmland values increased across all Prairie provinces. Saskatchewan and Alberta saw the highest average increase, both at 7.4 per cent, while Manitoba was below the national average at 3.7

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