FCC accused of overstepping its mandate

A new report by a leading public policy think-tank accuses Farm Credit Canada and other federal financial Crown corporations of “mission creep” by offering services far beyond their original mandates. The report by the C.D. Howe Institute recommends their authority “should be clearly circumscribed and even rolled back” so private lenders can do more to

Reflections on the new age of grain marketing

Now there are a few months under our belts, just how accurate were those horror stories about grain marketing post-CWB monopoly?

Much has been written about how farmers will market their grains in the post-single-desk world. Horror stories abound about how the grain companies won’t take the CWB contracts until they have filled their own, pools won’t reflect fair market prices, and farmers won’t have the expertise to market in the new climate. Now that we



U.S senators propose interim support

washington / reuters Congress would revive disaster-relief programs for farmers and ranchers hurt by drought and other natural catastrophes under a stop-gap bill introduced on Jan. 25 by two key Senate committee leaders. Producers could get up to $100,000 each for losses in 2012 and this year. In particular, ranchers would benefit because they do


CME surveys members on trade hours

The Chicago Board of Trade has launched a survey asking customers whether it should shorten the nearly non-stop electronic trading cycle for grains and hinted that executives had grown less concerned about competition from rival IntercontinentalExchange. The Board of Trade, which dominates agricultural trading with U.S. grain and oilseed futures and options contracts, in May

U.S. drought prompts record crop insurance payout

washington / reuters Crop insurers have paid a record $11.6 billion to U.S. growers in compensation for losses due largely to widespread drought in 2012. Some analysts expect indemnities to reach $20 billion this year, nearly double the old record set in 2011. That would mean steep losses as insurers collected just over $11 billion


Live cattle prices end 2012 on a high note

Live cattle prices on the monthly nearby futures chart have rallied to within a couple of dollars of the historical high of $131.05, which was established in March 2012. Long-term charts, such as the monthly live cattle chart illustrated here are invaluable for identifying major price trends, as trendlines and formations on a weekly or

Puratone deal leaves farmers hanging

Manitoba farmers owed at least $1 million for feed grains delivered to financially troubled Puratone Corp. are left holding an empty bag with its pending sale to Maple Leaf. Earlier this month Maple Leaf Foods, which operates a hog-slaughtering plant in Brandon, announced it was buying Puratone for $42 million. Puratone’s liabilities total nearly $100


Province to back new loan program for hog producers

A financial stabilization program is on the horizon for Manitoba pork producers. Speaking to hog farmers and industry representatives in Niverville, Manitoba Pork Council chairman Karl Kynoch outlined a new loan program designed by the council — one that would see cash loans distributed by financial institutions, administered by Manitoba Pork Council Corporation, and guaranteed

Analyzing the loonie’s move to below par

The Canadian dollar has been trending lower, since it penetrated the lower boundary of the uptrending channel. I have found that chart analysis is a valuable resource for determining the price trend and where support and resistance to the trend may be anticipated. Trendlines During the course of a trend and all the fluctuations which