A recent U.S. federal reserve meeting resulted in an indication that attention to interest rate movement will be sped up in the future. “There’s been a few mixed messages, actually, out of the press conferences that followed that statement of the federal reserve,” says JP Gervais, chief economist at Farm Credit Canada. Gervais says it… Read More
The Canadian Centre for Food Integrity (CCFI) has reached an agreement with Farm Credit Canada (FCC), to assume leadership of the Agriculture More Than Ever brand and initiative. “It is important to acknowledge the excellent work FCC has done to promote public trust in the Canadian food system through Ag More Than Ever,” says John… Read More
This week’s financial news seems to be all about inflation concerns, but our guest today doesn’t share the same concern level as everyone else. JP Gervais, chief economist at Farm Credit Canada, joins host Shaun Haney for today’s RealAg LIVE! RealAg LIVE! streams every weekday at 3 pm E on Youtube, Facebook, and Twitter! SUMMARY… Read More
Farmland in British Columbia and Quebec increased the most in value in 2020, with Alberta rounding out the top three according to Farm Credit Canada’s annual farmland value report. Despite COVID-19, on average, Canadian farmland values increased by 5.4 per cent, following a just-slightly lower 2019 value of 5.2 per cent growth. Land in British Columbia… Read More
The pandemic has affected the global economy in a broad sense, and there’s a lot of ground to recover from 2020. To help us get a sense of where 2021 is heading in terms of agricultural economics, Bernard Tobin is joined by Craig Klemmer, principle agricultural economist at Farm Credit Canada, who recently presented at… Read More
It’s not lost on most that technology has become a driving force in agriculture. However, there are so many options out there now, and so many different things you can do with the data, that it can become overwhelming. Much of our equipment is now chock-full of data gathering technology, which is fantastic; but how… Read More
Guess what? We have another great RealAg LIVE! episode for you and today’s focus is Farm Credit Canada’s latest trade report. Joining host Shaun Haney is J.P. Gervais, chief economist with Farm Credit Canada (FCC). RealAg hosts a LIVE! Q&A on a timely topic each weekday on social media at 1 pm M/3 pm E!… Read More
According to the latest trade report from Farm Credit Canada (FCC), one of Canada’s greatest opportunities for growth in global trade is in the food and beverage processing industry. “World population growth, higher purchasing power in emerging markets and new trade agreements are key factors in potentially creating more opportunities for Canada to increase exports,”… Read More
The Bank of Canada has announced it will hold firm at a 0.25 per cent interest rate for now; and, given the commentary around the announcement, likely for some time. According to J.P. Gervais, chief economist with Farm Credit Canada, it’s not an unexpected outcome. “When you comb through the [Bank of Canada] statement, what… Read More
The national rural mental health training program, presented by the Do More Agriculture Foundation (DMA) and Farm Credit Canada, is entering its third year. Applications are now open for the next year of training. The education program is focused on mental health in the ag sector and is aimed at developing the capacity for mental… Read More
Kainai Forage — the forage export business owned by the Blood Tribe in Alberta and Indigena Capital — has announced it has secured a $15 million long-term finance facility with Farm Credit Canada, and an operating line of credit with Bank of Montreal. The company says proceeds from the credit facilities will expand Kainai Forage’s… Read More
Average farmland values in Canada crept up an average of 3.7 per cent in the term ending June, 2020, led by growth in Alberta, B.C. and New Brunswick, according to the most recent Farm Credit Canada (FCC) farmland values report. This increase is in line with mid-year results over the past five years, which showed… Read More
Today’s LIVE! segment features J.P. Gervais, chief economist with Farm Credit Canada, and our illustrious host Shaun Haney to talk all about farm economics, Canada jobs numbers, and the latest analysis on global trends and interest rates. Tune in every Tuesday, Wednesday, and Thursday at 3 pm Eastern on Facebook, Twitter, YouTube or Twitch, for… Read More
Over the past month I’ve been asking commodity analysts and economists to speculate on whether we would see a $0.65 or $0.75 dollar first. All but one analyst replied — generally with great resolve — that $0.65 was the correct bet. That is not looking to be the case at at this point, as the… Read More
Statistics Canada released its 2019 farm income and debt report this week, and it showed that realized net income of Canadian agricultural producers rose for the first time in three years. Net income was up 10.4 per cent to $4.9 billion in 2019, but as J.P. Gervais, chief economist of Farm Credit Canada (FCC) points… Read More