GFM Network News

More News →

Tag Archives Farm Credit Canada

(Screengrab from Merit Functional Foods video via YouTube)
Canola, Crops, Markets, Peas

Merit Foods pays off operating lender, no deal yet for plant

Plant-based protein processor in receivership since March

By ,
A Winnipeg pea and canola protein processor in receivership since this spring remains mothballed for now with no firm buyer — but has paid off one of its three secured creditors. Merit Functional Foods, which entered receivership March 1 after just two years’ operation, has sold all its remaining finished and raw inventory and directed […] Read more
(Dave Bedard photo)
Beef Cattle, Livestock

FCC to offer beef heifer replacement loans

Loan program for those wanting to build, maintain herds

By ,
Cattle producers wanting to expand or maintain herds — in a time of nationwide herd contraction — are the expected beneficiaries for a new loan program from Farm Credit Canada. FCC on Tuesday announced what it calls the Replacement Heifer Program, consisting of a loan with a maximum loan life of seven years and a […] Read more
(Dave Bedard photo)
Crops, Markets, Weather

FCC offers new credit line against ‘current economic environment’

Ag lender to waive loan processing fees

By ,
Farm Credit Canada’s recent outreach to specific agrifood sectors hit by unusual environmental conditions has now extended to those hit by the broader “economic environment.” The federal ag lender on Tuesday said it will offer an unsecured credit line of up to $500,000 with loan processing fees waived, “to help producers, agribusinesses and agri-food operations […] 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

By
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
(Dave Bedard photo)
General, Markets

Food sales grew but margins tightened in 2022, FCC says

Modest further growth expected this year

By ,
Food and beverages sales increased in Canada last year, even as margins hit an historic low and consumers chose Canadian less. According to the latest FCC Food and Beverage Report, released Tuesday, sales increased 11 per cent to $156 billion in 2022. These gains came largely from higher export values and strength in the grain […] Read more
“We have not yet seen the full impact of higher interest rates on the demand for farmland.” J.P. Gervais. Graphic: Farm Credit Canada
Crops, General

Farmland values exceed expectations

Ontario leads the country with 19.4 per cent increase

By
Average farmland prices were up 12.8 per cent in Canada in 2022, the largest increase seen since 2014 when the increase was 14.3 per cent. The increase follows gains of 8.3 per cent in 2021 and 5.4 per cent in 2020. J.P. Gervais, FCC’s chief economist, said the numbers were a little bit of a […] Read more
(Screengrab from Merit Functional Foods video via YouTube)
Canola, Crops, Peas

Plant protein processor Merit Foods in receivership

Company owes $95 million to EDC, FCC

By ,
The company behind a new Prairie processing plant extracting plant-based proteins from peas and canola has landed in receivership, in the high eight figures’ debt to its secured lenders. PricewaterhouseCoopers (PwC) on Wednesday announced it’s the receiver for both Merit Functional Foods Corp. and the numbered company that owns Merit’s processing plant and property in […] Read more
Justine Hendricks, shown here in a 2019 video, is the new CEO of Farm Credit Canada. (Elevate International video screengrab video via YouTube)
General, Markets

EDC executive to lead Farm Credit Canada

Justine Hendricks to replace retiring Michael Hoffort

By ,
Canada’s federal farm lender is importing its next chief executive from Export Development Canada. Federal Agriculture Minister Marie-Claude Bibeau on Wednesday announced the appointment of Justine Hendricks, EDC’s senior vice-president and chief corporate sustainability officer since 2019, as FCC’s new CEO effective Jan. 30, 2023. As CEO, Hendricks replaces Michael Hoffort, an FCC staffer since […] Read more
(Luca Piccini Basile/iStock/Getty Images)
General, Machinery, Markets

Farm equipment demand to remain high, FCC says

Low inventories, high commodity prices and a good crop place pressure on demand

By
Demand for farm equipment should remain high through 2023 despite higher interest rates and projected price increases, according to Farm Credit Canada. The federal ag lender has released an outlook on the farm equipment market that analyzed data and trends that affect the market. While the outlook attributes much of the current demand to relatively […] Read more

AgCanadaTV

AGCanadaTV: In case you missed it; your national ag news recap for Sept. 5, 2025

Sponsored By:
More Videos →

Cyber-Savvy Farmer

Glacier Farmmedia Podcast

Latest Market News

More Market News →