As autonomy and emerging technologies take centre stage in agriculture equipment, MNP is shining the spotlight on the importance of the basis of ag-tech: data collection and tracking. Andrew Van Os, field optimization program lead with MNP, was a keynote speaker at Ag in Motion 2022 and says comparing data year-over-year, such as soil samples… Read More
Category: Finance
Could volatile be the new normal when it comes to commodity markets? With volatility being the only constant over the past while, it is certainly something that farmers and marketers are getting used to as they continue to try and navigate their way through fluctuating prices and variables that seem to be ever increasing. With… Read More
You can’t manage what you don’t measure, so the saying goes, but what you measure is just as important. If you aren’t familiar with KPIs — key performance indicators — this episode of Mind Your Farm Business is for you. Measuring the right things is just as important as the initial step to begin measuring… Read More
What goes up must come down, but if you’re waiting for deflation to begin any time soon, you may be in for a long wait. Inflation — and the increasing interest rates designed to put a pin in it — is top of mind for every economist right now, and Farm Credit Canada’s chief economist… Read More
The federal government is increasing the interest-free portion of its Advance Payments Program (APP) from $100,000 to $250,000 for 2022 and 2023. Agriculture Minister Marie-Claude Bibeau announced the change to the cash advance program on Thursday, June 23. Agriculture and Agri-Food Canada says eligible producers will save an average of $5,500 in interest costs over… Read More
Commodity prices this spring has made watching the markets an exciting part of nearly every day, especially for farmers who are anticipating a satisfactory yield and who are biding their time locking in prices. However, with many volatile factors contributing to those prices, experts are saying to weigh options carefully and take assurances where you… Read More
A Liberal election promise to expand and rename Farm Credit Canada has been cancelled, according to the federal agriculture minister. The party’s platform in the fall of 2019 included a promise to “merge existing financial and advisory services currently scattered between several agencies into Farm Credit Canada, whose mandate will be expanded and enhanced.” The… Read More
For those with two years of experience or more, Scotiabank is offering a new finance option for sheep farmers to expand the ewe flock. The Ontario Sheep Farmers (OSF) and Scotiabank have partnered on a new short-term financing option to add ewes through the Scotiabank Yield More Financing program. Ontario Sheep members may access funds to purchase… Read More
Amendments have recently been made to Saskatchewan’s Provincial Sales Tax (PST) exemptions which could positively affect farmers. The changes come after the government says they’ve discovered PST was being inconsistently applied to certain items including farming equipment. “The changes to the PST regulations will be more equitable, consistent and protect farmers against perceived ‘PST creep’… Read More
Saskatchewan producers are now able to apply for up to $500,000 in funding under the Irrigation Development Program for irrigation expansion projects, an increase from $300,000 in funding in 2021. The Irrigation Development Program supports the installation of irrigation infrastructure, such as pumps and pipelines, to create a secure water supply to the edge of… Read More