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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

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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?

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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
(Photo courtesy Canada Beef Inc.)
General

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

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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
(Dave Bedard photo)
Crops, Reuters

Farmers’ debt seen hitting fresh record high

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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
Photo: Thinkstock
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

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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
Crops

Input costs to chip away at farmers’ shrinking income

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CNS Canada — An anticipated downturn in farm income and higher input costs mean Canadian producers will be in a tough financial position this year, the head of the National Farmers Union (NFU) predicts. Farmers’ net cash income is expected to move lower in 2016, declining nine per cent to $13.6 billion in 2016, according […] Read more
(Keith Weller photo courtesy ARS/USDA)
Dairy Cattle, Livestock

Farm kids: Don’t worry about wages

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A new study by Cornell University agricultural economists says family members who work on the family dairy farm make $22,000 less annually than comparable hired managers, but are handsomely compensated with “socioemotional” wealth. “While $22,000 seems like a large penalty, there are non-financial rewards they experience working for the family business,” Loren Tauer, professor at […] Read more

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