Reading Time: < 1 minute Farm Credit Canada (FCC) pledged up to $60 million to Glengarry Farm Finance Corporation to provide financial backing to farmers with credit issues, the firms announced yesterday.
Farm Credit Canada funds alternative lending company
Beef cow, replacement heifer numbers suggest producers aren’t ready to grow herds: FCC
Reading Time: < 1 minute Beef cattle prices have trended above the five-year average, but low numbers of replacement heifers and beef cows suggests producers aren't ready to grow cattle herds.
Biologicals business Catalera receives funding boost
Reading Time: 3 minutes Vancouver company Catalera BioSolutions, which has ambitions of making biologicals “the future” of crop protection and pest solutions has secured investment from a major player in Canada’s agricultural industry.
Pressure on farm income could push input prices down says FCC economist
Reading Time: 2 minutes Next year's farm input market will depend on the level of pressure on farm income, but early signs suggest input prices could come down according to recent analysis from Farm Credit Canada.
Canadian egg, turkey production climbs on bird flu recovery, stronger demand
Reading Time: < 1 minute Canadian egg production reached record highs between June of last year and this May as the industry recovered from an avian flu outbreak according to Farm Credit Canada analysis.
FCC invests in breeding innovation
Reading Time: < 1 minute Farm Credit Canada has invested $5 million into the accelerated breeding program at the Global Institute for Food Security.
Bank of Canada interest rate cut to give some borrowers relief
Effects on financial markets likely to be muted says FCC economist
Reading Time: < 1 minute The Bank of Canada trimmed its key policy rate on Wednesday to 4.75 per cent from a 23-year high of five per cent.
Inflation is now running at 2.7 per cent, above the central bank's two per cent target, but down from a high of 8.1 per cent in June 2022, Reuters reported.
Ducks Unlimited and PepsiCo offer financial incentive
Reading Time: < 1 minute Farmers enrolled in Ducks Unlimited's Marginal Areas Program may be eligible for additional financial incentives.
Renting land better than buying for cash flow: FCC
Each farm needs to make the decision themselves, but a bit of analysis can help when choosing
Reading Time: 3 minutes Rising farmland values and higher interest rates have swung the affordability pendulum in favour of renting, not buying, farmland.
Food and beverage sales to fall in 2024; processor margins to improve
Stabilizing or declining input prices working their way through the supply chain, FCC says
Reading Time: 2 minutes Farm Credit Canada is predicting Canadian food and beverage sales will fall slightly this year as consumers manage tight budgets. Gross margins, however, should increase as the effects of falling commodity prices work their way through the supply chain, the farm lender said in an April 9 news release.
A message from April Stewart, Country Guide's Associate Editor
