Next year's farm input market will depend on the level of pressure on farm income, but early signs suggest input prices could come down according to recent analysis from Farm Credit Canada.
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Pressure on farm income could push input prices down says FCC economist
Canadian egg, turkey production climbs on bird flu recovery, stronger demand
Canadian egg production reached record highs between June of last year and this May as the industry recovered from an avian flu outbreak according to Farm Credit Canada analysis.
FCC invests in breeding innovation
Farm Credit Canada has invested $5 million into the accelerated breeding program at the Global Institute for Food Security.
Equipment sales to slow in 2024
Overall sales could decline by up to 15 per cent in Canada
Farm Credit Canada recently released a farm machinery market outlook for 2024 — and the news isn’t all that great for Canadian equipment dealers, especially when it comes to harvesting equipment. Despite new combine sales growing 5.5 per cent in 2023 in Canada compared to 2022, according to the Association of Equipment Manufacturers (AEM), the […] Read more
Bank of Canada interest rate cut to give some borrowers relief
Effects on financial markets likely to be muted says FCC economist
The Bank of Canada trimmed its key policy rate on Wednesday to 4.75 per cent from a 23-year high of five per cent.
Inflation is now running at 2.7 per cent, above the central bank's two per cent target, but down from a high of 8.1 per cent in June 2022, Reuters reported.
Ducks Unlimited and PepsiCo offer financial incentive
Farmers enrolled in Ducks Unlimited's Marginal Areas Program may be eligible for additional financial incentives.
Renting land better than buying for cash flow: FCC
Each farm needs to make the decision themselves, but a bit of analysis can help when choosing
Rising farmland values and higher interest rates have swung the affordability pendulum in favour of renting, not buying, farmland.
Food and beverage sales to fall in 2024; processor margins to improve
Stabilizing or declining input prices working their way through the supply chain, FCC says
Farm Credit Canada is predicting Canadian food and beverage sales will fall slightly this year as consumers manage tight budgets. Gross margins, however, should increase as the effects of falling commodity prices work their way through the supply chain, the farm lender said in an April 9 news release.
Farmland value growth slowed in 2023, FCC says
Saskatchewan, Quebec and Manitoba saw strongest growth in 2023, report shows
Farmland is still getting more expensive, but not quite as quickly as in recent years, according to the latest farmland value report from Canada’s biggest agricultural lender.
Dairy sector set to stabilize in 2024: FCC
Feed prices, butter stocks, retail demand and inflation top trends to watch
The dairy sector seems set to stabilize in 2024 amidst high processor demand and leveling-off input costs, Farm Credit Canada says.
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