Canadian beef producers who are certified through the Canadian Roundtable for Sustainable Beef (CRSB), are now eligible to receive an incentive payment from Farm Credit Canada (FCC) of up to $2,000. Curtis Granger, director of lending products and sustainability programs with FCC, says the main motivation behind the incentive payment is to increase certification for FCC customers…. Read More
The 2021 average increase in farmland values isn’t entirely surprising, says J.P. Gervais, chief economist for Farm Credit Canada (FCC), but the magnitude of the increase certainly is. With a weighted average of 8.3 per cent on the year, the significant weather events of the year — the extreme drought for the Prairies and parts of… Read More
According to Farm Credit Canada’s Farmland Values Report, Canadian farmland increased in value by 5.4 per cent in 2020 and 8.3 per cent in 2021, an entire year under pandemic conditions and during an extreme drought for Western Canada. The largest increases were in Ontario (22.2 per cent) and British Columbia (18.1 per cent), followed… Read More
In June of this year, Michael Hoffort will end his 34-year career with Farm Credit Canada (FCC), having spent the last eight years as president and chief executive officer. Hoffort joined FCC in the late ’80s, a decade that was known to be particularly difficult for the farming sector, marked by sky-high interest rates, poor… Read More
One of the conversations in the first few weeks of the new year often ask the question “What should I be paying attention to?” Farm Credit Canada (FCC) has released its list of the top 5 economic trends for Canadian agriculture and food to watch in 2022. J.P. Gervais, chief economist at FCC, joined RealAg… Read More
The economic state of affairs for Canada right now is an interesting mix of rising prices, decreasing unemployment, and strong demand for export goods. There are both positive and negative factors at play in Canada’s economic recovery from the pandemic. Craig Klemmer, principal economist at Farm Credit Canada says that we’re seeing different levels of… Read More
Farmers looking to upgrade their farm management skills, without the cost and commitment of on-location learning, will be able to access a new online course beginning in January 2022. RBC Royal Bank, Farm Credit Canada and the University of Guelph have teamed up to offer an eight-module, learn-at-home course called Foundations in Agriculture Management. The… Read More
Farm Credit Canada (FCC) and the Ontario Federation of Agriculture (OFA) have both made contributions to the Hay West 2021 initiative to help cover shipping costs to send hay to drought-stricken farmers in the Prairie provinces. The 2021 Hay West initiative, organized by Canadian Federation of Agriculture (CFA), is moving hay from eastern Canada to the… Read More
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
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