Short-term bounces in grain prices should be viewed as selling opportunities in an overall bearish market, according to the president of grain marketing advisory firm IntelliFarm. The lack of bullish news on both the supply and demand sides of the balance sheets for most major crops has resulted in prices sliding over the last few… Read More

The Bank of Canada overnight rate has risen sharply since early 2022 and has held above 4 per cent since December (see below). The longer the period of increased interest rates continues, the more likely it is farmers will have to renew some loans or take on new debt in this time of more expensive… Read More

A well-written contract should spell out the risk and responsibilities of both parties involved. In agriculture, grain contracts spell out expectations, but the Agricultural Producers Association of Saskatchewan says current contracts don’t go far enough to manage farmers’ risk. Following an estimated $60 million in farmer losses due to cancelled contracts with one grain buyer… Read More

For any farmer, focusing on learning and development allows them to continuously improve in a vast amount of areas. As agriculture evolves, so do agronomic practices, risk management tools, and technological advancements. By constantly learning and expanding their skillset, farmers can identify new opportunities, increase profitability, and productivity.  Developing new skills can also improve problem-solving… Read More

Farm Credit Canada’s (FCC) Sustainability Incentive Program is open to applicants in partnership with the Canadian Roundtable for Sustainable Beef (CRSB) and McCain Foods. The program pays out incentive payments calculated on a portion of a customer’s lending with FCC if they are also participating in specific certification programs, including the CRSB certification initiative and… Read More

For most farmers, accounting is not the most attractive part of the business. It’s integral to the farm’s success, but it requires time in the office or at the desk — not aways a favourite way to spend the day. That’s a key reason why Traction Ag appeals to farmers, says the cloud-based accounting software… Read More

The former governor of the Bank of Canada says he expects inflation will drop quicker than many are predicting and that real interest rates will remain low in the long term. Stephen Poloz shared his economic outlook during a keynote presentation at the CropConnect Conference in Winnipeg on Wednesday. Many of the economic parameters that… Read More

Rising interest rates mean the federal government’s move to expand the interest-free portion of its advance payment program will save farmers — and cost government — more than originally expected. Last June, the government increased the interest-free amount that farmers can borrow through the cash advance program for 2022 and 2023 from $100 thousand to… Read More

Each year, Canadian Cattle Young Leaders (CYL) selects 16 program participants ages 18-35 from across the country and offers industry networking, travel, and skill building opportunities. A focal point of the program is matching participants with a hand-picked mentor in their specific area of interest in the Canadian beef industry for a nine-month mentorship experience…. Read More

 

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