Justine Hendricks, shown here in a 2019 video, is the new CEO of Farm Credit Canada. (Elevate International video screengrab video via YouTube)

EDC executive to lead Farm Credit Canada

Justine Hendricks to replace retiring Michael Hoffort

Canada’s federal farm lender is importing its next chief executive from Export Development Canada. Federal Agriculture Minister Marie-Claude Bibeau on Wednesday announced the appointment of Justine Hendricks, EDC’s senior vice-president and chief corporate sustainability officer since 2019, as FCC’s new CEO effective Jan. 30, 2023. As CEO, Hendricks replaces Michael Hoffort, an FCC staffer since

(Luca Piccini Basile/iStock/Getty Images)

Farm equipment demand to remain high, FCC says

Low inventories, high commodity prices and a good crop place pressure on demand

Demand for farm equipment should remain high through 2023 despite higher interest rates and projected price increases, according to Farm Credit Canada. The federal ag lender has released an outlook on the farm equipment market that analyzed data and trends that affect the market. While the outlook attributes much of the current demand to relatively


photo: canada beef

FCC launches sustainable beef incentive

Producers with a loan from FCC and certification from the Canadian Roundtable for Sustainable Beef can apply for an extra payday

Farm Credit Canada (FCC) wants to pay its beef sector clients for joining up with the Canadian Roundtable for Sustainable Beef (CRSB). On May 24, the company announced its FCC Sustainability Incentive Program. The program promises a yearly payment to producers who are certified through the CRSB, up to maximum of $2,000. Producers can reapply for the payment

(Dave Bedard photo)

Rate of rise in farmland value ‘surprised’ in 2021

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

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


apples

Early-pandemic calls to localize supply chains unfounded

With a year's worth of data, three agriculture economists revisit early-pandemic predictions on the food supply chain

With a year's worth of data, three agriculture economists revisit early-pandemic predictions on the food supply chain

A year of data shows early-pandemic calls for radical changes to food systems and risk management programs were unfounded, say some economists. Particularly in the early days of the COVID-19 pandemic, food supply chains struggled to adapt to changing consumption patterns and processors shut down due to virus outbreaks. “Into that void of uncertainty came

(Dave Bedard photo)

Farmland appreciation continues through pandemic year

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

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


fcc

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

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,

A view from Globeways Canada’s office at Mississauga, Ont., from a 2011 video marking the presentation of the Mississauga Board of Trade’s award for Small Business of the Year. (MBOT video screengrab via YouTube)

Suspended pulse crop handlers partly reinstated

Companies can't buy or receive more grain from growers

Three suspended pulse and special crop handling and processing companies are again licensed to move Canadian grain — but not to buy any. The Canadian Grain Commission announced Monday it has reinstated the licences for Globeways Canada Inc. and its subsidiaries: Canpulse Foods Ltd., a pulse and canary seed processor at Kindersley, Sask., and Global


(Dave Bedard photo)

FCC identifies export, market opportunities for Canadian food

The ag lender's latest report highlights canola oil, pork, potato products, crab meat

Canada is already a major exporter of agricultural goods, food and beverages — but increasing food and beverage exports is still one of Canada’s biggest trade opportunities, Farm Credit Canada (FCC) says. And by diversifying exports, farmers will become less dependent on current major markets, reducing their financial risk. “When borders close for any number

File photo of a sunflower crop in Manitoba. (MysticEnergy/Getty Images)

KAP seminar to give lay of post-COVID economic land

ECONOMY: There’s much to tell farmers about a global recession, but there’s also room for optimism, FCC’s Marty Seymour says

An upcoming webinar aims to make sense of the economic and agricultural landscape as the world continues to grapple with COVID-19. On July 7, FCC chief economic J.P. Gervais and Marty Seymour, FCC’s director of industry relations, will team up with Keystone Agricultural Producers to present a webinar titled “Adjust your business for success in