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General, Markets

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

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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.
File photo of northern Alberta farmland. (Wonganan/iStock/Getty Images)
General

Farmland value growth slowed in 2023, FCC says

Saskatchewan, Quebec and Manitoba saw strongest growth in 2023, report shows

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Reading Time: 2 minutes Farmland is still getting more expensive, but not quite as quickly as in recent years, according to the latest farmland value report from Canada’s biggest agricultural lender.
(Dave Bedard photo)
General, Markets

FCC predicts drop in farm cash receipts for 2024

Interest rates, inputs costs may come down but farmers urged to sharpen their pencils

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Reading Time: 2 minutes 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.
(Dave Bedard photo)
Crops, General

FCC announces new 4R incentive

The program is open to FCC customers who use AgExpert platform

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Reading Time: < 1 minute FCC announced the new Sustainability Incentive Program at the Western Canadian Crop Production Show in Saskatoon. The program is open to FCC customers who put a 4R nutrient management plan in place, record production activities through AgExpert Field, and have their 4R practices verified by a 4R designated agronomist.
Andrea Borodenko and Antoine Casimir have acquired Quebec’s Production Lareault.(CNW Group/Production Lareault)
Crops, Fruit/Vegetables

Major strawberry plant producer changes hands

New owners get funding to buy Lareault business

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Reading Time: 2 minutes The Quebec company billed as Canada’s largest producer of strawberry plants has picked up new ownership after nearly 70 years. Production Lareault, based on just over 450 acres at Lavaltrie, Que. — about 40 km northeast of Montreal, in the province’s Lanaudiere region — has been acquired by investors Antoine Casimir and Andrea Borodenko for […] Read more
Photo: iStock/Getty Images
Machinery, Markets

Equipment sales expected to soften in 2024

Interest rates, equipment prices and commodity prices will all play a role, says FCC

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Reading Time: 2 minutes According to FCC's 2024 outlook for the Canadian farm equipment market, new sales are projected to be softer in 2024 based on three factors: higher interest rates, elevated equipment prices and a decline in commodity prices.
(Dave Bedard photo)
Beef Cattle, Livestock

FCC to offer beef heifer replacement loans

Loan program for those wanting to build, maintain herds

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Reading Time: < 1 minute Cattle producers wanting to expand or maintain herds — in a time of nationwide herd contraction — are the expected beneficiaries for a new loan program from Farm Credit Canada. FCC on Tuesday announced what it calls the Replacement Heifer Program, consisting of a loan with a maximum loan life of seven years and a […] Read more
(Dave Bedard photo)
Crops, Markets, Weather

FCC offers new credit line against ‘current economic environment’

Ag lender to waive loan processing fees

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Reading Time: 2 minutes Farm Credit Canada’s recent outreach to specific agrifood sectors hit by unusual environmental conditions has now extended to those hit by the broader “economic environment.” The federal ag lender on Tuesday said it will offer an unsecured credit line of up to $500,000 with loan processing fees waived, “to help producers, agribusinesses and agri-food operations […] Read more
(Shotbydave/iStock/Getty Images)
General, Markets

Buy or rent? Land rent-to-price ratio can help farmers decide

FCC sees current ratios on farmland as (roughly) stable

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Reading Time: 4 minutes Higher interest rates don’t seem to be affecting the ratio between land values and land rental costs — at least, not yet. Farm Credit Canada’s latest analysis of farmland rental prices says they’re roughly maintaining their traditional linkage, says J.P Gervais, the organization’s chief economist. “We were curious to see whether that would bring up […] Read more

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