Jane Halford has been re-appointed chair of Farm Credit Canada. She has expertise in the accounting industry as well as in governance, and has served on several boards within Canada’s agriculture sector. Halford has been an FCC board member since December 2014 and was appointed to her first term as chair in April 2020. The re-appointment is […] Read more
Tag Archives FCC — page 3
FCC dismisses head office relocation claim
REGINA — Farm Credit Canada says rumours that its head office is leaving Regina are just that. Saskatchewan United Party leader Nadine Wilson raised the issue during question period in the Legislature May 2, asking the government what it was doing about the pending move to Montreal. Deputy premier Donna Harpauer said she had not […] Read more
Prairie farmland values continue to increase
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. Farm Credit Canada put average national farmland value growth in 2023 at 11.5 percent, down from 12.8 percent in 2022. “We’re seeing a little bit of a pullback,” […] Read more
Man. pasture prices may be underestimated
Nailing down an ‘average’ value for pastureland can be difficult because some pastures are desirable and some are not
WINNIPEG — A recent report from Farm Credit Canada suggests that pastureland in Manitoba is valued at $500 to $700 per acre, on average. Those estimates seem low to Ben Hamm, farm management specialist with Manitoba Agriculture. Hamm, who raises cattle in southeastern Manitoba, said land prices in his region are much higher than $500 […] Read more
FCC report shows farmland values still rising
Farm Credit Canada’s Farmland Values Report for 2023 had some surprises as well as some head scratchers. Saskatchewan’s farm income levels have been very strong, but it was still a bit surprising to see the province lead the rest of the nation with a 15.7 percent increase in cultivated farmland values, ahead of Manitoba at […] Read more
Calmer dairy waters predicted for upcoming year
Farm Credit Canada says stress factors pressuring the industry such as borrowing and feed costs should ease in 2024
Glacier FarmMedia – A recent outlook released by Farm Credit Canada says there’s room for optimism in the dairy sector. “It has been a volatile few years for dairy producers, but 2024 is shaping up to be calmer — a return to a more normal environment, if you will,” FCC senior economist Graeme Crosbie said […] Read more
Economic hazards identified
Glacier FarmMedia – Farm Credit Canada predicts a bit of a rocky road ahead for Canadian farmers, with input prices high, commodity prices low and interest rates not expected to drop in the short term. “The sentiment of the industry is not the greatest right now,” said Desmond Sobool, FCC’s director of economics and deputy […] Read more
FCC invests in venture fund
Farm Credit Canada has become one of the largest investors in Tall Grass Ventures inaugural Tall Grass Fund I. The final close for the fund is expected to occur this spring. Tall Grass Ventures is a Canadian investment firm focused on early-stage agri-food tech start-ups. Other investors from the agriculture and food sectors include grain […] Read more
FCC announces new 4R incentive
Farm Credit Canada is prepared to pay farmers up to $2,000 to adopt 4R nutrient management practices using AgExpert, it announced Jan. 10. “We see an opportunity to reward FCC customers who follow Fertilizer Canada’s 4R Nutrient Stewardship Program,” said FCC president Justine Hendricks in a news release. “Streamlining the data management and verification process […] Read more
