Remember last year, when hog prices spiked and concerns about high bacon prices hit headlines in the mainstream news? For pig producers and processors, those days are distant history, as the North American pork market has since undergone a major reversal. Not wanting to expose consumers to volatility, grocery stores generally lag behind the hog market in moving prices higher (and… Read More

Farmers and fishing businesses will save a projected $50 million in taxes over the next five years thanks to another increase to the Lifetime Capital Gains exemption announced in the federal budget this week. The exemption, which helps farmers reduce their tax burden when transferring ownership of farm assets, has been raised to $1 million for next year,… Read More

Statistics Canada published its annual pre-seeding acreage estimates on Thursday morning. As expected, the planting intentions survey showed Canadian farmers plan to seed more wheat, oats and barley and less canola and soybeans than in 2014  (see chart.) There were some surprises in the report, as the canola acreage projection of 19.4 million acres was almost… Read More

Is your planter ready to roll? Corn planting season will soon be here for growers in Ontario and Western Canada. While it’s been a cool spring in Ontario, an early melt in Western Canada meant some fields were dry enough to plant several weeks ago. However, the date on the calendar and the temperature reading on the soil… Read More