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Hailstones in Winnipeg on May 10, 2023. (Dave Bedard photo)
General, Weather

Prairie Forecast Update: Forecast on track

Forecast issued May 14, 2023, covering the half-week stretch from May 14 to 17, 2023

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The weather models have been remarkably accurate for this time of the year. The big weather picture remains the same. There is a large, persistent ridge of high pressure over far Western Canada with an equally persistent trough of low pressure over Eastern Canada. This means western regions will continue to see sunny, dry and […] Read more
(Andreswd/iStock/Getty Images)
General, Markets

Feds lock in higher interest-free portion on cash advances

Budget boost in effect as of Monday

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A further temporary increase to the interest-free chunk of cash advances available to Canadian farmers, as telegraphed in March’s federal budget, has now gone live. Agriculture Minister Marie-Claude Bibeau confirmed Wednesday that the interest-free limit under the Advance Payments Program (APP) for the 2023 program year is now $350,000, effective Monday (May 8). The regulatory […] Read more
(Shotbydave/iStock/Getty Images)
General, Markets

Buy or rent? Land rent-to-price ratio can help farmers decide

FCC sees current ratios on farmland as (roughly) stable

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Higher interest rates don’t seem to be affecting the ratio between land values and land rental costs — at least, not yet. Farm Credit Canada’s latest analysis of farmland rental prices says they’re roughly maintaining their traditional linkage, says J.P Gervais, the organization’s chief economist. “We were curious to see whether that would bring up […] Read more
P.E.I. Ag Minister Bloyce Thompson speaks at a press conference in 2021. (Government of P.E.I. video screengrab via Facebook Live)
Crops, General

Thompson returns as P.E.I. ag minister

Ag and land ministry split; Compton not returning to cabinet

By ,
Prince Edward Island’s former agriculture minister is again its current ag minister, in a post-election cabinet shuffle by returning Premier Dennis King. Bloyce Thompson, MLA for the district of Stanhope-Marshfield since 2019 and ag minister from 2019 until last summer, was again appointed April 14 as King’s minister of agriculture, justice and public safety and […] Read more
Darlene Compton, shown here on provincial budget day in 2020, became Prince Edward Island’s first female ag minister in 2022. (PrinceEdwardIsland.ca)
General

P.E.I. ag minister, ag critics re-elected

Tories return with majority; Liberals regain official opposition

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Prince Edward Island’s incumbent agriculture minister and opposition agriculture critics prevailed in Monday night’s provincial election, in which incumbent premier Dennis King’s Tories were returned with a majority. Darlene Compton, King’s agriculture minister since last summer and his incumbent deputy premier, won re-election Monday for the Progressive Conservatives in her district of Belfast-Murray River. Compton, […] Read more
File photo of tobacco fields at Vinales in western Cuba. (Nikada/E+/Getty Images)
General, Markets, Reuters

U.S. ag businesses want Biden to allow more investment in Cuba

Canadian investment 'significant' in Cuban business

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Havana | Reuters — U.S. agribusinesses, on a trade tour in Cuba, said on Tuesday they were “losing” in their bid to boost commerce with Cuban farmers and called on the Biden administration to ease restrictions and allow them to invest in private agriculture on the island. U.S. President Joe Biden last May loosened restrictions […] Read more
A General Motors illustration featuring a display version of its 2024 Silverado EV pickup, due for release in the fall of 2023. (Media.GM.ca)
General, Machinery, Markets, Reuters

GM buyouts cut 5,000 jobs, CFO says

Not much more room seen to raise prices

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Reuters — About 5,000 General Motors salaried workers took buyouts to leave the company, putting the company well on the way to hitting a US$2 billion cost-cutting target, the automaker’s chief financial officer said Tuesday. GM shares were trading down nearly two per cent at midday, even though CFO Paul Jacobson said demand for GM’s […] Read more
(JJ Gouin/iStock/Getty Images)
General, Machinery, Markets

International farmers may ease Canadian human capital crunch

A global retirement crunch is coming and Canada is ill prepared, report says

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As other nations reduce their agricultural footprints in an effort to boost sustainability, their loss could be Canada’s human capital gain, a new report suggests. “The immigration of scientists, data engineers, and entrepreneurs has been recognized as critical to Canada’s growth. A similar approach needs to be adopted to attract farmers,” the authors wrote. The […] Read more
(Fentino/E+/Getty Images)
General, Machinery, Weather

Carbon price exemption for farm gas clears Commons

Bill C-234 next headed to Senate

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Legislative amendments that would exempt farmers’ eligible purchases of natural gas and propane from federal carbon pricing are now en route to Canada’s Senate. Bill C-234, a private member’s bill sponsored by Ben Lobb, the Conservative MP for the southern Ontario riding of Huron-Bruce, passed third reading for adoption in the House of Commons on […] Read more

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