GFM Network News

China, drought, debt shake Canadian farm finances

Reading Time: 3 minutes Winnipeg/Ottawa | Reuters — For years, the financial stability of Canadian farmers was the envy of their U.S. counterparts, but rising costs, drought and a dispute with China have weakened their bottom lines. Net incomes plunged last year, and that setback was followed in March by China’s halting purchases of canola, Canada’s biggest crop. Now […] Read more

Climate change has U.S. fund managers adjusting agriculture investments

Reading Time: 3 minutes New York | Reuters — After historic floods devastated Midwestern agricultural states this spring, some fund managers are evaluating how climate change will affect the long-term value of companies that make or sell products ranging from tractors to fertilizer. The issue is not simply the unpredictability of weather. Instead, fund managers say, they are struggling […] Read more

When processors began investing in overseas pineapple production, the writing was on the wall for Hawaii’s island industry.

Is Hawaii the canary in the cornfield?

There is a lesson for us to learn from the island paradise, so get ready for some uncomfortable reading

Reading Time: 7 minutes Since 2012, U.S. grain prices have trended down significantly. Canadian farmers have been somewhat shielded from the price drop by a corresponding slump in the Canadian dollar. However, current prices combined with last year’s weather-related yield and quality losses are resulting in negative margins for many producers. Coffee shop analysts are quick to assign blame […] Read more

Cargill profit jumps on meat demand, big U.S. crops

Reading Time: 2 minutes Reuters — Global commodities trader Cargill on Tuesday reported a sharply higher adjusted quarterly profit led by strong results from its beef and turkey businesses and robust demand for North American grain and oilseed crops. The privately held company said adjusted operating earnings jumped nearly 80 per cent in the second quarter ended Nov. 30 […] Read more

Loonie’s boost for commodity prices likely limited in 2016

Reading Time: 2 minutes CNS Canada — The Canadian dollar has been steadily depreciating through 2015, sinking to an 11-year low relative to its U.S. counterpart as the end of the year creeps closer. Even if the loonie stays weak in 2016, however, two analysts expect the upside potential it brings to agricultural commodity markets has mostly run out. […] Read more

Crop prices to stay under pressure

Reading Time: 1 minute Commodity News Service Canada – North American farmers hoping for weak commodity prices to right themselves could be waiting for quite a while, according to one of the speakers at the Cereals North America conference going in Winnipeg this week. Dan Basse, president of AgResource, said  currency issues are making life very profitable for farmers […] Read more

“As for Canada, I personally think we’re already in recession, government data just hasn’t caught up to it yet. If China sneezes, Canada catches cold.” – Errol Anderson, grain market adviser.

The China (economic) factor and Canadian agriculture

Does China’s economic slowdown have to be bad news for Canada’s farmers? We ask Errol Anderson, does he see hope in the year ahead?

Reading Time: 6 minutes For the first instalment in our five-part series this fall and winter, we sat down with Calgary-based grain market adviser and regular Country Guide contributor Errol Anderson for his insights into what to look for in markets this year. The billion-dollar question, Anderson says, is what will happen in China. Other issues are important too, […] Read more

The number of registered bidders at auctions this spring held steady with previous seasons, with demand for many types of used machines staying strong.

Used farm equipment sales perk up

As sales of new equipment cool, good used machines are holding their value, and in some cases gaining ground

Reading Time: 5 minutes To put it mildly, sales of new farm equipment were terrible — even worrisome — in January and February, based on numbers tallied by the Association of Equipment Manufacturers (AEM). Purchases of four-wheel-drive tractors were down an astonishing 55 per cent compared to 2014. Worse yet, new combine sales had virtually collapsed, slipping 60.6 per […] Read more