Farm Credit Canada (FCC) is not new to the venture capital space, however a shift in focus for the Crown corp will see the lender take a more direct approach to ven cap funding in agriculture. Justine Hendricks, CEO of FCC, says the move is prompted by the changing needs of the industry. Whether driven... Read More
Category: Finance
Six of Canada's biggest business and industry associations, including the Canadian Canola Growers Association (CCGA), have written a joint letter to Deputy Prime Minister and Finance Minister Chrystia Freeland asking her to scrap a proposed change to capital gains tax announced in the federal budget last month. In addition to the CCGA, the May 9th... Read More
Incorporated farms in provinces where the federal carbon tax is collected should receive a little more back on their tax return under the "Canada Carbon Rebate for Small Businesses" proposed in the federal budget last week. The federal government said it would "urgently" return more than $2.5 billion in accrued carbon tax revenue going back... Read More
When RealAgristudies surveyed farmers in January as part of the Canadian Farmer Sentiment Index, some very interesting trends developed, with notable changes happening over the last few months. Today, we are going to look at the impact that age has on how farmers view their current farm financial performance: In aggregate, famers said that their... Read More
The interest-free component of the federal government-backed spring cash advance loan program for farmers is reverting to $100,000 for 2024 after being increased to $250,000 in 2022 and $350,000 last year. Many farmers use spring advances to help cover the cost of planting a new crop, using crop insurance or AgriStability coverage as collateral. Former... Read More
Short-term bounces in grain prices should be viewed as selling opportunities in an overall bearish market, according to the president of grain marketing advisory firm IntelliFarm. The lack of bullish news on both the supply and demand sides of the balance sheets for most major crops has resulted in prices sliding over the last few... Read More
The Bank of Canada overnight rate has risen sharply since early 2022 and has held above 4 per cent since December (see below). The longer the period of increased interest rates continues, the more likely it is farmers will have to renew some loans or take on new debt in this time of more expensive... Read More
A well-written contract should spell out the risk and responsibilities of both parties involved. In agriculture, grain contracts spell out expectations, but the Agricultural Producers Association of Saskatchewan says current contracts don't go far enough to manage farmers' risk. Following an estimated $60 million in farmer losses due to cancelled contracts with one grain buyer... Read More
For any farmer, focusing on learning and development allows them to continuously improve in a vast amount of areas. As agriculture evolves, so do agronomic practices, risk management tools, and technological advancements. By constantly learning and expanding their skillset, farmers can identify new opportunities, increase profitability, and productivity. Developing new skills can also improve problem-solving... Read More
Farm Credit Canada’s (FCC) Sustainability Incentive Program is open to applicants in partnership with the Canadian Roundtable for Sustainable Beef (CRSB) and McCain Foods. The program pays out incentive payments calculated on a portion of a customer’s lending with FCC if they are also participating in specific certification programs, including the CRSB certification initiative and... Read More