On September 7th, the Bank of Canada announced a rate increase of 75 basis points bringing the overnight rate to 3.25 per cent. The move wasn’t a surprise to many, yet begs the question, are we done yet? The increase is designed to curb consumer spending and ultimately blunt inflation, however, consumer spending isn’t always… Read More
Thanks for tuning into this Wednesday edition of RealAg Radio, brought to you by MNP. Today we will hear from the following guests: JP Gervais with Farm Credit Canada on the Bank of Canada announcing another 75 basis-point rate hike this morning, and general economic direction; Jim McCormick, co-founder of AgMarket.net on market fundamentals with… 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
While inflation continues to soar based on new data released by Statistics Canada on Wednesday, commodity markets have tumbled over the last few days over fears of a recession. Today’s show, hosted live by Shaun Haney in southern Ontario this week, includes the following guests and topics: Joe Vaclavik, president of Standard Grain on the… 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
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
Register for a RealAgriculture account to manage your Shortcut menu instead of the default.