farm income Archives - Page 4 of 5

Canadian farmland trending less affordable in FCC report

Average values continue rising across board

By Dave Bedard, GFM Network News April 6, 2020

The average value of farmland in Canada is continuing to rise faster than farmers’ ability to generate revenue from it, Farm Credit Canada’s latest Farmland Values Report suggests. The report, released Monday, shows the average value of Canadian farmland rose 5.2 per cent in 2019 over 2018, the smallest year-over-year increase since 2010, and down […] Read more

Columns, Editor's column, Wheat & Chaff

Editor’s Column: The farm income news is not good news

What exactly is “realized net farm income”?  

By Leeann Minogue July 23, 2019

The news app on my phone keeps bringing up more worrying headlines about agricultural trade problems that will lead to lower farm prices. Twitter is full of grim photos of durum headed out before its time and canola crops with bare patches. I won’t write here that, as of the end of June, crops in […] Read more

A green lentil crop in southeastern Saskatchewan on May 31, 2019. (Leeann Minogue photo)

General, Machinery, Markets

Farm equity growth slows in 2018

By MarketsFarm Team, GFM Network News June 21, 2019

MarketsFarm — Equity in Canada’s farm sector increased by 3.6 per cent in 2018, hitting $522.2 billion, according to a report Thursday from Statistics Canada. The growth was well below the 6.4 per cent increase reported the previous year, and continued a trend of slower growth since 2013. Realized net farm income was down by […] Read more

Crops, Machinery, Markets, Weather

China, drought, debt shake Canadian farm finances

By Rod Nickel, GFM Network News June 19, 2019

Winnipeg/Ottawa | Reuters — For years, the financial stability of Canadian farmers was the envy of their U.S. counterparts, but rising costs, drought and a dispute with China have weakened their bottom lines. Net incomes plunged last year, and that setback was followed in March by China’s halting purchases of canola, Canada’s biggest crop. Now […] Read more

Crops, Hogs, Markets, Reuters

New Trump aid plan for U.S. farmers to rely on direct payments

By GFM Network News May 15, 2019

Washington | Reuters — The Trump administration’s second package of aid for U.S. farmers hit by the trade war with China is expected to have a similar structure to last year’s program, using direct payments and commodity purchases, industry sources briefed on the plan said. The U.S. Department of Agriculture is still finalizing the plan, […] Read more

U.S. President Donald Trump addresses a meeting of the National Space Council in the East Room of the White House in Washington on June 18. (Photo: Reuters/Leah Millis)

Crops, Reuters

Trump’s tariff war threatens to erode support of farmers

By GFM Network News June 18, 2018

Chicago | Reuters — President Donald Trump’s tariff battle with key buyers of U.S. apples, soybeans and corn threatens the support of some of his biggest backers — U.S. farmers now seeing their livelihoods in jeopardy. Farmers overwhelmingly supported Trump in the 2016 election, welcoming how he championed rural economies and vowed to repeal estate […] Read more

Barbed wire fence through the tall golden grass fields

Columns

Sask. farm income and land prices

Land prices are rising but “this time it’s different.” Or is it?

By Les Henry June 15, 2018

Over the past decade or so I have gathered up data on wheat and land prices in Saskatchewan and converted them to current dollars. That way, we can better judge how we are doing compared to our ancestors. History has a way of repeating itself, so a look back can suggest what might return. I […] Read more

General

Farm sales to co-ops to count for small business deduction

By Grainews Staff, GFM Network News May 8, 2017

Changes to federal tax law that were meant to block “multiplication” of the small business deduction for corporations won’t apply to farmers’ sales to co-operatives. The federal government on Friday released draft amendments to the Income Tax Act, which would allow qualifying farmers and fishers selling to agricultural and fisheries co-operatives to be eligible for […] Read more

Crops, Reuters

Farmers’ debt seen hitting fresh record high

By Reuters, GFM Network News September 7, 2016

Reuters — Canadian farmers’ debt will likely reach another record high this year, while land appreciation slows and incomes flatten, but the industry is still in strong financial shape, the country’s biggest agriculture lender, Farm Credit Canada, forecast on Tuesday. FCC, the federal Crown ag lending agency, sounded a note of caution for farmers, who […] Read more

Crops, Machinery

Six numbers in agriculture to make you stop and think

It isn’t as quiet as you might think on the home front. Yes, today’s farms seem stable, but the next evolutionary wave is gaining energy

By Maggie Van Camp March 18, 2016

In 2009, total Canadian net farm income was $2.8 billion. Four years later, it was $10 billion more, with Statistics Canada’s saying a $5.6-billion rise in the total value of farm-owned inventories from the year before accounted for almost all of the increase in total net income in 2013 That inventory increase came from a […] Read more

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

GFM Network News