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
Tag: Farm Credit Canada
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
The federal government is providing $100 million to Farm Credit Canada (FCC) to administer an Agriculture and Food Business Solutions Fund. The fund is targeted at “proven, viable companies through unexpected business disruptions, such as the COVID-19 pandemic,” and will support enterprises in the agribusiness and agri-food sector, including companies involved in primary production, agri-tech,… Read More
As we enter the second month of physical distancing and economic shut down during the COVID-19 pandemic, discussions have begun on easing restrictions and potentially allowing some people to get back to work. But we don’t know how long that might take, or when it will happen, or what the economic recovery will look like… Read More
On Friday (March 27), the Bank of Canada initiated an emergency key rate cut of 50 bps to 0.25% in an attempt to defend the economy against the impacts of COVID-19. Additionally, the Bank of Canada will expand its balance sheet through purchases of Government of Canada securities to the tune of $5 billion per… Read More
Prime Minister Justin Trudeau has announced additional support for farmers and farm businesses, following last week’s announcement of $82 billion in various spending measures in response to the COVID-19 outbreak. Parliament will reconvene March 24, 2020, to pass emergency legislation for these previously announced measures, and to release $5 billion in additional lending capacity through Farm… Read More