Reading Time: < 1 minute Canada’s federal farm lender says it will be flexible with qualifying Prairie crop growers facing financial trouble from a rain-soaked harvest season. Areas of Alberta, Saskatchewan and Manitoba have experienced “significant levels of rain in the last half of the growing season and snow since the beginning of October,” Farm Credit Canada said in a […] Read more
FCC offers to bend terms for soaked Prairie growers
Farmers’ debt seen hitting fresh record high
Reading Time: 2 minutes Reuters — Canadian farmers’ debt will likely reach another record high this year, while land appreciation slows and incomes flatten, but the industry is still in strong financial shape, the country’s biggest agriculture lender, Farm Credit Canada, forecast on Tuesday. FCC, the federal Crown ag lending agency, sounded a note of caution for farmers, who […] Read more
Farmland fundamentals potentially bearish: FCC
Reading Time: 3 minutes Having tracked more double-digit percentage increases in Canadian farmland prices through 2015, Canada’s federal farm lender sees factors lining up for those values to retreat. Farm Credit Canada’s latest Farmland Values Report, released Monday, logged a 10.1 per cent increase in average farmland values in Canada in 2015, down from a 14.3 per cent rise in […] Read more
FCC to offer breaks on loans in Sask., Alta.
Reading Time: < 1 minute Customers of Farm Credit Canada in parched areas of Alberta and Saskatchewan may be able to get breaks on their outstanding loan payments. FCC on Monday announced it would work with affected customers on “solutions for their operation(s)” such as deferral of principal payments and/or otherwise amending their loan payment schedules. The offer applies to […] Read more
Minogue: Optimism reigns at FCC outlook meeting
Reading Time: < 1 minute Regina — Despite commodity prices down off recent highs, resurgent transportation problems and crop disease issues across the Prairies, farmers heard all good news at Farm Credit Canada’s Ag Outlook 2015 conference here Tuesday. “The sky’s not falling,” said J.P. Gervais, chief ag economist for Regina-based FCC. Actually, he said, things are pretty good. If […] Read more
FCC, BMO offer breaks on loans to poultry farmers
Reading Time: 2 minutes Poultry producers up against direct impacts from avian influenza outbreaks at farms in British Columbia’s Fraser Valley may be able to get breaks on their outstanding loans with some lenders. Farm Credit Canada (FCC) and BMO Bank of Montreal both recently announced they may grant affected customers some leeway on payments. FCC said it “will […] Read more
Real-time financial management for farmers
Is it good, or too good to be true?
Reading Time: 5 minutes It sounds like a dream come true, placing current financial data at the fingertips of everyone involved in the farming enterprise so you can make better, more efficient on-the-spot decisions at critical crunch times. And it might not be a pipe dream any longer. “It’s just the way the world is working,” says Lance Stockbrugger, […] Read more
A message from April Stewart, Country Guide's Associate Editor
