Conexus Credit Union has launched a new fund aimed at supporting farmers looking to buy land, livestock, equipment, or buildings. The $100 million Ag Grow Fund offers discounted interest rates, no application fees, and no age limit restrictions. “Conexus is dedicated to empowering ag producers to achieve what matters to them,” says Conexus chief growth… Read More
Category: Finance
The Canadian Grain Commission (CGC) says it has provided 100 per cent compensation to eligible producers for unpaid grain delivered to or picked up by LSM Grain Ltd. There were also 17 claims that could not be compensated because the deliveries fell outside of the 90-day eligibility period of the Safeguards for Grain Farmers Program,… Read More
Saskatchewan-based farm insurance company Global Ag Risk Solutions has been acquired by global insurance brokerage and financial services firm Hub International. Hub announced the acquisition on November 5. Based in Moose Jaw, Global Ag Risk Solutions (or GARS) offers innovative whole-farm, private insurance products to help farmers manage production costs and protect crop profit margins…. Read More
A report by Capstone Partners outlines what it will take for widespread farm profitability to return to North American agriculture and how long it may take. Those hoping for a quick reversal of the downward market and profitability trend are likely to be disappointed, as some estimates puts a return to much better financial times… Read More
As the Canadian harvest season gets underway, there’s a noticeable shift in farmer sentiment across the country. That’s according to the latest Canadian Farmer Sentiment Index, gathered in July from over 500 farmers. Justin Funk and Shaun Haney, co-founders of RealAgristudies, are here to unpack the July 2024 results, touching on key topics such as… Read More
Between the steep increase in the cost of borrowing and the explosion in equipment prices in recent years, buying new or new-to-you equipment requires some careful consideration of the true cost of ownership and not just the purchase price. There’s more to the decision, of course, and one of the often over-looked factors in deciding… Read More
The federal government is proposing several tweaks to the capital gains tax changes that were announced in the federal budget in April, that it says are the result of feedback from entrepreneurs, particularly in the tech and farming sectors. The changes, which were detailed in draft legislation released August 12, would make farm property eligible… Read More
The federal government’s plan to raise the capital gains inclusion rate in less than two weeks will increase the tax bill on the sale of a typical Canadian grain farm by 30 per cent, based on research conducted by Grain Growers of Canada (GGC). Grain Growers has written a letter to Finance Minister Chrystia Freeland… Read More
New survey data shows around half of farms that have farmland rental agreements up for renewal this year are expecting rental rates to increase, with some anticipating a significant jump in the land rent component of their cost of production. Rising land rent costs are coinciding with the increasing cost of owning land, as borrowing… Read More
10 national farm and commodity organizations are raising concerns about the federal government’s plan to increase the capital gains tax inclusion rate and related tax policy changes that were announced in the 2024 budget last month. The organizations, including the Canadian Federation of Agriculture, Canadian Canola Growers Association, Canadian Cattle Association and Grain Growers of… Read More