It’s a long way from official, but a pre-election promise to boost AgriStability payout limits and speed-up payments could go forward to help farmers deal with tariff impacts. AJ Gill, national leader of ag risk management resources for MNP, says that it is definitely possible the increased cap and larger interim payment for the 2025… Read More
Category: Finance
Agriculture has been a tough business over the last couple of years in Western Canada, and Leigh Dudley, regional director for Canada west at FBN, doesn’t foresee that changing in 2025. In this report from the Crop Production Show in Saskatoon, Sask., Dudley and RealAgriculture’s Amber Bell discuss the impact that tariffs, commodity markets and… Read More
The federal government has partially changed its mind and is deferring the increase to the capital gains tax inclusion rate that took effect last June. Finance Minister Dominic LeBlanc announced on Friday that the implementation date of the inclusion rate increase from one-half to two-thirds will be delayed from June 25, 2024 to January 1,… Read More
People have been using handshakes to solidify deals since at least as far back as ancient Roman times. A handshake in those days would show that each person was unarmed, thereby establishing a relationship of honesty and trust. Fast forward to today with the progression of law and contracts, a need for more formalized agreements… Read More
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
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