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
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
Fresh off a fifty basis-point cut by the Federal Reserve in the U.S. on March 4, 2020, the Bank of Canada lowered its key rate by the same amount from 1.75 per cent to 1.25 per cent. In a written statement the Bank of Canada said, “As the situation evolves, the Governing Council stands ready… Read More
As many producers are aware, there are a plethora of things going on in the global economic sphere… and growing concerns are rising. But how do we understand what everything means? How do we unpack it all? Farm Credit Canada’s chief economist J.P. Gervais joined RealAg Radio host Shaun Haney to give a little more… Read More
Happy Friday! For today’s RealAg Radio show, host Shaun Haney has the following guests: RealAgriculture’s news lead, Jessika Guse with the top ag news stories of the day; Robin Speer with Prostate Cancer Canada is in to explain the #PlaidForDad campaign; J.P. Gervais, chief economist with Farm Credit Canada discusses interest rates; and, RealAgriculture’s Lyndsey… Read More
Today’s RealAg Radio show features: Jessika Guse with the top agriculture news stories of the day. Those include the latest WASDE report, China saying there needs to be more done to complete trade agreement with the U.S., new Canola Council of Canada chair elected and much more; Listeners will learn about the benefits of using… Read More
Every year in February, ag policy wonks, market followers, and politicians gather in Washington, D.C., for the USDA Outlook Forum. Not only does USDA release its forecasts for acres and production numbers, but the conversations also fill the hallways. Most years, the focus is on the fundamentals, but with so many trade patterns very cloudy… Read More
Friday is here and it’s a good day to have a good day. For today’s show, RealAg Radio host, Shaun Haney discusses the top agriculture news stories of the day with news lead, Jessika Guse. Everything from PEDv being discovered a second time in Alberta, to the National Energy Board (NEB) concluding the Trans Mountain pipeline… Read More
Friday on RealAg Radio we are closing out the week in a big way. Today’s guests include: Ted Seifried, of Zaner Ag Hedge, breaks down the USDA WASDE report for soybeans, corn, and wheat; RealAg news lead, Jessika Guse with the top ag news of the day; J.P. Gervais of Farm Credit Canada on the… Read More
Call it a pause, though maybe not a correction, in the farmland value trend in Canada. It’s not a complete surprise, given the bull run land values have been on for years, but what does it mean for those looking to buy, sell, or rent? J.P. Gervais, chief agriculture economist with Farm Credit Canada, says… Read More