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Darcy Herauf, director of the AgExpert division at FCC, speaks at AgDays in January 2024.
News

Stormy skies for cloud-based farm tech

Trust dilemma adds turbulence to ag data integration

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Cloud-based software developers face a dilemma when trying to crack the agricultural market. On one hand, integrating all the on-farm data they can gather with government systems, equipment manufacturers and other software companies could help farmers manage productivity and make decisions easier. On the other hand, farmers worry that those same developers might turn the
(Dave Bedard photo)

FCC’s top economic charts to monitor in 2024

Downward trends for cattle, swine herds; positive bent to feed, fertilizer affordability

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As we start the new year amid elevated inflation and major headwinds facing the economy, here are our top charts to help make sense of the economic environment for farm operations, agribusinesses and food processors.
(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.
Andrea Borodenko and Antoine Casimir have acquired Quebec’s Production Lareault.(CNW Group/Production Lareault)
Crops

Major strawberry plant producer changes hands

New owners get funding to buy Lareault business

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The Quebec company billed as Canada’s largest producer of strawberry plants has picked up new ownership after nearly 70 years. Production Lareault, based on just over 450 acres at Lavaltrie, Que. — about 40 km northeast of Montreal, in the province’s Lanaudiere region — has been acquired by investors Antoine Casimir and Andrea Borodenko for
Photo: iStock/Getty Images
Markets

Equipment sales expected to soften in 2024

Interest rates, equipment prices and commodity prices will all play a role, says FCC

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According to FCC's 2024 outlook for the Canadian farm equipment market, new sales are projected to be softer in 2024 based on three factors: higher interest rates, elevated equipment prices and a decline in commodity prices.
(Dave Bedard photo)
Beef cattle, Livestock

FCC to offer beef heifer replacement loans

Loan program for those wanting to build, maintain herds

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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
Markets, News, Other

Calmer waters ahead on input market

Has the market finally steadied, or it is just the calm before another storm?

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Farmers can breathe a sigh of relief knowing crop input prices have stabilized as the world adapts to global supply challenges. That was the message as Farm Credit Canada provided its latest update on input prices for the 2024 crop year. Why it matters: The wild price swings for crop inputs, especially fertilizer, appear to be over, but farmers
(Dave Bedard photo)
Crops, Markets, Weather

FCC offers new credit line against ‘current economic environment’

Ag lender to waive loan processing fees

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Farm Credit Canada’s recent outreach to specific agrifood sectors hit by unusual environmental conditions has now extended to those hit by the broader “economic environment.” The federal ag lender on Tuesday said it will offer an unsecured credit line of up to $500,000 with loan processing fees waived, “to help producers, agribusinesses and agri-food operations
(Shotbydave/iStock/Getty Images)
Markets, Other

Buy or rent? Land rent-to-price ratio can help farmers decide

FCC sees current ratios on farmland as (roughly) stable

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Higher interest rates don’t seem to be affecting the ratio between land values and land rental costs — at least, not yet. Farm Credit Canada’s latest analysis of farmland rental prices says they’re roughly maintaining their traditional linkage, says J.P Gervais, the organization’s chief economist. “We were curious to see whether that would bring up

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