The federal government is increasing the interest-free portion of its Advance Payments Program (APP) from $100,000 to $250,000 for 2022 and 2023. Agriculture Minister Marie-Claude Bibeau announced the change to the cash advance program on Thursday, June 23. Agriculture and Agri-Food Canada says eligible producers will save an average of $5,500 in interest costs over... Read More
Category: Farm Management
Commodity prices this spring has made watching the markets an exciting part of nearly every day, especially for farmers who are anticipating a satisfactory yield and who are biding their time locking in prices. However, with many volatile factors contributing to those prices, experts are saying to weigh options carefully and take assurances where you... Read More
Youth from across the province of Alberta are back to speaking up for agriculture in person. Registration for the Alberta Young Speakers for Agriculture competition is now open, with an opportunity to win $1000 and a chance to compete at the Canadian Young Speakers Competition. The deadline for entries is July 13, with the competition... Read More
This editorial was first published on Breaking the Box blog by Kristjan Hebert. I call myself a recovering accountant. I joke about it, but I do love numbers. Numbers don’t lie. As much as I have a soft spot for a family farm and building a legacy for my children, it always comes down to... 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
For those with two years of experience or more, Scotiabank is offering a new finance option for sheep farmers to expand the ewe flock. The Ontario Sheep Farmers (OSF) and Scotiabank have partnered on a new short-term financing option to add ewes through the Scotiabank Yield More Financing program. Ontario Sheep members may access funds... Read More
Amendments have recently been made to Saskatchewan's Provincial Sales Tax (PST) exemptions which could positively affect farmers. The changes come after the government says they've discovered PST was being inconsistently applied to certain items including farming equipment. "The changes to the PST regulations will be more equitable, consistent and protect farmers against perceived 'PST creep'... Read More
As the calendar flips to June, farmers are urgently trying to complete planting or seeding across Canada. No matter the reason, whether you are feeling behind or there's poor weather on the horizon, we all tackle the logistical challenges of planting and seeding in different ways. Some farmers are solo artists, while others have large... 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... Read More
Saskatchewan producers are now able to apply for up to $500,000 in funding under the Irrigation Development Program for irrigation expansion projects, an increase from $300,000 in funding in 2021. The Irrigation Development Program supports the installation of irrigation infrastructure, such as pumps and pipelines, to create a secure water supply to the edge of... Read More