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
Thanks for tuning in to RealAgRadio! On this full-slate Wednesday edition of the show, brought to you by ADAMA Canada, you’ll hear: JP Gervais, chief economist at Farm Credit Canada; Cornie Thiessen joins the show for an ADAMA Canada spotlight interview; Blake Croegaert of Verdant Partners, on M & A activity in the ag tech… 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
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
Welcome to this Tuesday edition of RealAg Radio. Today’s show — sponsored by Syngenta Canada — is filled with a great lineup. You’ll hear: The top ag news stories of the day with host Shaun Haney; Brian Innes, on his new role as executive director at Soy Canada, a position that starts in the beginning… 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
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
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
Thanks for making RealAg Radio a part of your day; it’s an honour to provide our listeners with the latest insight and analysis of issues happening now in agriculture. On today’s show, you’ll hear: The top ag news stories of the day with host Shaun Haney; Wendy White of Viterra, with a discussion on the… Read More
Canadian farmland values are still growing, but at a slower rate year-over-year, according to Farm Credit Canada’s most recent Farmland Values Report. The average value of Canadian farmland increased by 5.2 per cent in 2019, compared to 6.6 per cent in 2019, and 8.4 per cent in 2017. While still positive, 2019 also marks five… Read More
No one can predict how long the COVID-19 pandemic will last, but a huge focus on social and physical distancing has been effective, at least in part, to “flattening the curve” of infection and critical illness. Tracking on an inverse curve is the local and global economy. Right now uncertainty, social distancing, and shuttered businesses… Read More
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