Strong commodity prices combined with low interest rates continue to sustain farmland value increases in most parts of Canada, according to a mid-year review by Farm Credit Canada.
Farm Credit Canada (FCC) reported strong financial performance last year, demonstrating the resilience and adaptability of the Canadian agriculture and food industry during a challenging time.
Many parts of Western Canada haven’t received any significant rainfall through the spring and summer months. Extreme heat and dry weather have already reduced the potential yield of many crops.
The potential for higher interest rates is the darkest cloud shading recent news that farm debt in Canada recorded the smallest increase in six years, according to Farm Credit Canada’s (FCC) chief economist.
Farm Credit Canada (FCC) is offering support to customers in parts of Eastern Canada who could be facing financial hardship as a result of reduced maple syrup yields this year.
Despite some setbacks caused by the pandemic, Canada’s food and beverage sector may emerge even stronger in 2021, according to a new FCC report.