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
Category: Finance
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
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
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
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
The enrolment deadline for the AgriStability program has been extended from April 30, 2022 to June 30, 2022, without penalty, the federal government says. The decision to extend was based on numerous uncertainties farmers are facing, including the recent onset of highly pathogenic avian flu across much of Canada, along with unprecedented pricing challenges and... Read More
When you are managing a farm or agriculture business of any size, some areas may feel more daunting than others, or you quickly realize where strengths are and which avenues could benefit from outside help. That's when it's time to hire consultants. There is no shortage of consultants specializing in a variety of topics including... Read More
The federal government is planning to boost funding for environmental programs through Agriculture and Agri-Food Canada in the 2022 budget introduced on April 7. While the budget contains projections of a $52.8 billion deficit and national debt totalling $1.2 trillion at the end of 2022-23, the $452.3 billion spending plan and Finance Minister Chrystia Freeland's... Read More