Reading Time: < 1 minute The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 118.5 points in December, down 1.5 per cent from November and 10.1 per cent below December 2022 levels.
World food price index ends 2023 some ten per cent below 2022 levels
Cereal prices, vegetable oils slumped most over the year, FAO says
Canadian food inflation to slow through 2024, report says
More certainty has brought an uptick in grocer promotions, but consumers are struggling
Reading Time: 3 minutes Canadian food prices are expected to rise between 2.5 and 4.5 per cent in 2024, according to a new report.
“It is probable that Canadians will continue to experience the strain of food inflation compounded by increasing costs of housing, energy and various other expenditures,” according to Canada’s Food Price Report 2024.
Who owns the land?
Farms are consolidating, and non-farmers are getting aggressive
Reading Time: 5 minutes It isn’t always easy to get a clear picture of how the pattern of farmland ownership is changing across Canada, particularly in the Prairie provinces. In Alberta, land titles data is expensive to purchase and in Manitoba, the provincial government has to give permission for access, even for research purposes, and that can take several […] Read more
The immigrant farm
Is another wave of foreign farmers headed for Canada?
Reading Time: 5 minutes [UPDATED: Nov. 21, 2023] Even into the early 2000s, Canadian real estate agents were doing impressive business flying cash-rich and expansion-minded European farmers west across the Atlantic to buy turnkey farms here at prices far cheaper than they could ever find at home. That was then. Today, the flow has slowed to a trickle, not […] Read more
Farmgate milk price hike delayed to May
Stakeholders say increase should be postponed amid food inflation concerns
Reading Time: < 1 minute The farmgate price of milk will go up May 1, 2024, rather than Feb. 1, after a review of the national pricing formula and consultation with stakeholders. The increase will be 1.77 per cent, or about 1.5 cents per litre for milk going into processing plants, the Canadian Dairy Commission said Wednesday. The commission had […] Read more
Anxiety over cost of food on the rise: CCFI
Food companies increasingly blamed for prices; farmers seen as highly trustworthy
Reading Time: 2 minutes When asked which life issues they were most concerned about, 54 per cent flagged the cost of food as a top concern—up from 51 per cent last year, the report said.
Major grocery chains agree to help stabilize prices, feds say
Any moves must not undercut farmgate prices, government warns
Reading Time: 2 minutes Ottawa | Reuters — Canada’s five major grocery chains have agreed to help the government in its bid to stabilize soaring prices, a senior minister said on Monday, following talks to address an issue that is hurting the ruling Liberals. Innovation Minister Francois-Philippe Champagne made the announcement after two hours of what he said were […] Read more
Trudeau summons top grocers over rising food prices
Major grocers' level of profit 'does not make sense,' PM says
Reading Time: 3 minutes Ottawa | Reuters — Prime Minister Justin Trudeau on Thursday said he had summoned the country’s top grocers to help find solution to the surging food prices and vowed to cut federal taxes on new rental buildings, as he fights an affordability crisis that has dented his party’s opinion poll ratings. After meeting with Liberal […] Read more
Canada retools inflation baskets with more focus on food, gas
Snowblowers and barbecues in, DVD players out
Reading Time: 2 minutes Ottawa | Reuters — Canada’s national statistics agency on Tuesday revealed new weights for the basket of goods and services in its Consumer Price Index, giving more prominence to changes in the prices of food and gasoline. The reweighting, which Statistics Canada carries out every year, has historically had only a marginal impact on the […] Read more
FCC offers new credit line against ‘current economic environment’
Ag lender to waive loan processing fees
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
A message from April Stewart, Country Guide's Associate Editor
