FCC's top economist is urging farmers to find any way they can to save money, as the ag lender projects a 4.8 per cent decline in farm cash receipts in 2024 on the heels of lower commodity prices.
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FCC predicts drop in farm cash receipts for 2024
Interest rates, inputs costs may come down but farmers urged to sharpen their pencils
In the shadow of the ’80s
HISTORY | Did the ‘80s sabotage efforts to keep rural areas vibrant?
Editor’s note: This is part four of a series on the Rural STEP program and the ongoing conundrum of rural depopulation. Read part one, part two and part three. It’s 1984. The trial of an 18-year-old farm boy from Minnesota makes the pages of the New York Times. Steven Todd Jenkins is accused of working
FCC’s top economic charts to monitor in 2024
Downward trends for cattle, swine herds; positive bent to feed, fertilizer affordability
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.
Canada’s jobs growth stalls in December as wages accelerate
Declines in goods sector driven by job losses in manufacturing, construction and agriculture
Canada's economy added far fewer jobs than expected in December and the jobless rate remained at 5.8 per cent, but permanent employees' wages increased at the fastest pace in three years, data showed on Friday.
Commodity prices to remain high in 2024, drop in 2025 – HSBC
Most agricultural products expected to outperform energy, industrial metals amid supply constraints, dry weather
Squeezed supply, improved Chinese demand and the global energy transition will keep commodity prices elevated in 2024, before falling the following year, forecasted British banking group HSBC today.
Interest rate relief on the horizon: FCC
Latest U.S. Federal Reserve pronouncement heightens consensus that the worst of inflation and interest rate shocks is over
[UPDATED: Dec. 29, 2023] Canada’s largest agricultural lender says Canadian farmers can expect to see interest rate relief in the coming year. In a macroeconomic snapshot released in December, Farm Credit Canada said it expects to see rate cuts totalling 75 basis points (three quarters of a per cent) in the latter half of 2024.
Inputs strike sour note on farm cash receipt rise
Farm cash has been flowing in fast, but it’s been flowing out fast too
Manitoba farm groups were unsurprised by a recent Statistics Canada report into last year’s farm income, which flagged increased farm cash receipt and higher input costs. After all, Keystone Agricultural Producers director Chuck Fossey noted, it’s almost the end of 2023. Farmers lived those price trends and have seen how things carried into this year. “We
U.S. grains: Soybeans set 6-1/2-week high
Weaker U.S. dollar lifts grains complex
Chicago | Reuters — U.S. soybean futures touched a 6-1/2-week high on Friday, lifted by uneven crop weather in top soy producer Brazil and fresh export demand for U.S. supplies, coupled with a plunge in the dollar that bolstered corn and wheat futures as well. Chicago Board of Trade (CBOT) January soybean futures settled up
CBOT weekly outlook: Demand, not interest rates, affecting markets
U.S. Fed decision 'pretty much factored in'
MarketsFarm — While key interest rates in the United States will stay put for the time being, corn and wheat prices on the Chicago Board of Trade (CBOT) declined steadily during the week ended Wednesday. The U.S. Federal Reserve announced earlier Wednesday that the central bank’s policy rate will remain within 5.25 and 5.5 per
ICE weekly outlook: Canola pulling lower
Futures subject to 'financial gravity'
MarketsFarm — Canola futures on the Intercontinental Exchange kicked off the week of Oct. 23-27 with sharp losses, as the most heavily traded January contract busted through its support level of $700 per tonne. Among the reasons for canola’s steep fall, as David Derwin pointed out, were the better than average yields from this year’s
Cyber-Savvy Farmer
