Farm Credit Canada Archives

Most rental transactions still evolve into long-term relationships lasting a decade or more.

Farmland rentals in Western Canada continue to rise

More and more acres are on the rental market, with land increasingly held by families exiting active farming

By Richard Kamchen February 22, 2021

Reading Time: 8 minutes The number of acres of rented and leased farmland in Canada is going nowhere but up, and will keep being led by Western Canada, especially Saskatchewan and Alberta. “I would expect that we’ll continue to see more people renting land for a number of reasons,” says Farm Credit Canada’s principal agricultural economist Craig Klemmer. That’s […] Read more

General, Markets

FCC identifies export, market opportunities for Canadian food

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

By Allan Dawson November 17, 2020

Reading Time: 4 minutes 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 […] Read more

Real estate apps are already big business in residential markets. If they cut transaction costs, why not in agriculture too?

Guide Business

Selling land by app

When you think of it, do we really need real estate agents in an era with so much technology?

By Richard Kamchen October 6, 2020

Reading Time: 4 minutes “Find me an app. I’m going to sell the back 40.” Talk is starting to make the circuit that it’s time for automation to take over farmland wheeling and dealing, and it might not be that much of a stretch. As long ago as 2013, which is ancient history for electronic technology, a University of […] Read more

Investment in a broad range of agriculture and food sectors, including the agri-environmental field, are planned.

Guide Business

Funds for agricultural innovation

Partnership aims to send the message that agtech is a great place to invest

By Lois Harris April 29, 2020

Reading Time: 4 minutes Developing an “innovation ecosystem” across Canada and increasing the nation’s competitiveness in the global agriculture and agri-food industry are the goals of a new partnership between Bioenterprise Corporation and Farm Credit Canada (FCC). “FCC is the Canadian standard for financial support and banking in agriculture and agri-food in the country,” says Dave Smardon, president and […] Read more

Hogs, Livestock

Pork sector’s calls for aid heard, not yet answered

Federal government says it's examining "all options"

By D.C. Fraser April 28, 2020

Reading Time: 2 minutes Federal Agriculture Minister Marie-Claude Bibeau’s office said late last week the government is working “around the clock” to respond to the pandemic’s impact on farmers and agri-food businesses. But there was no commitment to the direct support Canadian pork industry officials say is now necessary to carry the sector through a crisis which has led […] Read more

General, Markets, Weather

Canadian farmland trending less affordable in FCC report

Average values continue rising across board

By Dave Bedard April 6, 2020

Reading Time: 3 minutes The average value of farmland in Canada is continuing to rise faster than farmers’ ability to generate revenue from it, Farm Credit Canada’s latest Farmland Values Report suggests. The report, released Monday, shows the average value of Canadian farmland rose 5.2 per cent in 2019 over 2018, the smallest year-over-year increase since 2010, and down […] Read more

General, Markets

Cash advance repayment deadlines extended

FCC gets added capital to boost lending capacity

By GFM Staff March 23, 2020

Reading Time: 3 minutes Canadian farmers who have repayment deadlines coming up on their cash advances between now and the end of April will get extra time to repay those loans. The federal government on Monday announced a stay of default on loans coming due on or before April 30 under the Advance Payments Program (APP), among other measures […] Read more

Beef Cattle, Livestock, Markets

Beef sector mobilizes against supply disruptions

Keeping border open, meeting demand for beef are top priorities

By Alexis Kienlen March 21, 2020

Reading Time: 2 minutes Teams of livestock and government officials are quickly creating plans and policies to keep the sector functioning during the COVID-19 pandemic, says the executive vice-president of the Canadian Cattlemen’s Association. “Our primary objective obviously is to insure there is stable beef production and trade that can continue under the situation with the COVID-19 pandemic,” Dennis […] Read more

A view from above of Stamp Seeds in Alberta.

Guide Business, Marketing

The joy of farm diversification

On more farms across Canada, keeping an eye open for diversification opportunities is part of what it means to farm

By Treena Hein March 11, 2020

Reading Time: 11 minutes Chances are, any reader of Country Guide knows at least some farmers who have diversified in some way. The odds are good, too, that you’ve heard them get talked about. Maybe you’ve done some of the talking yourself? Everyone has an opinion. Are these farmers risk-takers, or are they just ordinary farmers like you who […] Read more

Finding people you trust in order to build good working relationships doesn’t happen overnight, so start building your team as soon as possible.

Guide Business, Management

Want a super farm business? Build your ‘superteam’

Top tips from the frontline on creating and optimizing a business management team for your farm

By Treena Hein February 19, 2020

Reading Time: 6 minutes The words can be heard all across the country. “Our accountant, lawyer and bank manager are key players in decision-making on our farm,” says Luanne Lynn, who is currently past president of Canada’s Outstanding Young Farmers Program (she and husband Philip were Outstanding Young Farmers in 2005). The Lynns have a cash crop operation in […] Read more

Alberta hog farmers to get set-aside via AgriRecovery

No credit expected for farmers’ past work in new carbon market

Spring road bans coming into effect across Prairies

GFM Network News