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Tag Archives Farm income

(Dave Bedard photo)
Markets, Weather

Canadian farmland trending less affordable in FCC report

Average values continue rising across board

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The average value of farmland in Canada is continuing to rise faster than farmers’ ability to generate revenue from it, Farm Credit Canada’s latest Farmland Values Report suggests. The report, released Monday, shows the average value of Canadian farmland rose 5.2 per cent in 2019 over 2018, the smallest year-over-year increase since 2010, and down
“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
row of cows being milked
Editorial, Farmit Manitoba, Opinion

Editorial: Farmer support complex issue

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A recent call from the Canadian Federation of Agriculture for more support for farmers affected by trade issues raises some interesting questions. The CFA was responding to the announcement of $1.7 billion in direct payments to dairy producers over eight years, compensation for opening a portion of the dairy market to international competition under a
A green lentil crop in southeastern Saskatchewan on May 31, 2019. (Leeann Minogue photo)
Markets

Farm equity growth slows in 2018

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MarketsFarm — Equity in Canada’s farm sector increased by 3.6 per cent in 2018, hitting $522.2 billion, according to a report Thursday from Statistics Canada. The growth was well below the 6.4 per cent increase reported the previous year, and continued a trend of slower growth since 2013. Realized net farm income was down by
A recent Statistics Canada report said 2018 Canadian and Manitoban farm net cash incomes fell 20.7 and 18.5 per cent.
News

Flat revenue, higher expenses squeeze Canadian farmers

KAP president Bill Campbell says the trend to higher operating expenses adds to farmers’ risk when revenues stagnant

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No matter how you measure it, Canadian and Manitoban 2018 farm income took a big, double-digit, hit in 2018. The two biggest culprits were flat revenues, in part because of trade restrictions, and higher expenses, including for commercial feed, interest and machinery fuel. Minto farmer Bill Campbell, having felt the “squeeze” in his own operation,
In Your Co-operator this Week: June 6
Local news, Other

In Your Co-operator this Week: June 6

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Allan Dawson drills down into the numbers on falling farm income and deciphers what it actually means for Manitoba farmers. Among other things he found some cause for hope, including the fact farmers are entering this downturn from a strong position and that some commodities still saw rising cash receipts. Alexis Stockford looks at what’s
“Risk management will become an even more significant component of success,” says J. P. Gervais with Farm Credit Canada.
News, Other

Farm income: a dip and now holding

Canadian farm income fell on market volatility, but export growth is still likely, says FCC

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Final figures aren’t available yet but all signs suggest farm income in 2018 was clipped by several factors and will likely stay at that level through this year, says J.P. Gervais, chief agricultural economist with Farm Credit Canada. “Price volatility, higher input costs and weather-related challenges in many parts of the country over the past
Farmers who experienced economic hardships in the 1980s are concerned history may be poised to repeat itself.
News, Other

Protectionism, a trade war and U.S. farm subsidies

Is the stage being set for an economic downturn in agriculture?

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Rising protectionism and an expanding trade war have some Manitoba farmers worried about a repeat of the 1980s farm crisis. “I don’t want to be a pessimist like my son says I am, but what is the next thing that causes the ’80s all over again? A worldwide trade war could be the black swan

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