Agriculture's net worth increased from 2003 to 2011 says bank analyst Thursday, April 18, 2013 by SUSAN MANN The Canadian agricultural sector’s net worth increased by 78 per cent since 2003 mainly due to solid farm profitability and significant appreciation of farmland, says economist Aaron Goertzen of BMO Capital Markets Economics. He says the net worth increase is from 2003 to 2011, which is the year with the most recent data. As for future net worth growth, Goertzen says “my sense is that it won’t continue to grow at the rate that it has. Commodity prices aren’t likely to rise quite as quickly as they have over the last number of years.” But there will be strong commodity prices over the next decade “and that’s always a big positive for the sector.” Also, with interest rate increases expected to begin in a year or two, land price increases will slow down, he says. There aren’t official statistics on the breakdown in net worth increases by commodity sectors, but Goertzen says his sense is there was more of an increase on the crop side “because crop prices have risen so much, particularly in grains and oilseeds.” But on the livestock side, farmers on average “would hold less land so they’d get less of that capital gain as land appreciates and also they’ve been a little bit more squeezed for profitability because feed costs have been so high due to crop prices.” Historically, the farm net worth increase since 2003 is a pretty substantial increase compared to what has occurred on average at other times. “Farmland appreciation has really been pretty rapid and commodity prices have been pretty high,” he says. “That’s not the norm.” In an April 19 press release, BMO Economics says the Canadian agricultural industry is expected to show steady production growth following a good harvest last year with exports to emerging markets providing a growing source of revenue for this year. BF Pizza cheese kits keep on coming Wynn defends proposed Local Food Act
Inflatable Wedges Make Lifting Large Objects a Breeze Friday, October 18, 2024 Byline: Zahra Sadiq The hardest part about moving farming equipment, tools, and other items on the farm is the initial lift off from the ground. The traditional wedge has been the go-to solution to solving problems like this; however, there is a new alternative that might just take... Read this article online
Calhoun super structure ranks among top growing Canadian companies Friday, October 18, 2024 Calhoun Super Structure Ltd. is proud to announce its ranking of No. 342 on The Globe and Mail’s 2024 Report on Business magazine's list of Canada’s Top Growing Companies. This achievement marks the third consecutive year that Calhoun has made this prestigious ranking, which... Read this article online
5.5% values rise in Canadian farmland - FCC Report Friday, October 11, 2024 FCC reports strong increase in Canadian farmland values According to Farm Credit Canada (FCC), Canadian cultivated farmland values experienced an average increase of 5.5% in the first half of 2024. Over the 12 months from July 2023 to June 2024, farmland values rose by 9.6%, although... Read this article online
OP-ED: Happy Agriculture Week from Minister Flack Thursday, October 10, 2024 Rob Flack, Ontario's minister of farming, agriculture and agribusiness, provided the following message to celebrate Ontario Agriculture Week: Happy Ontario Agriculture Week! Every year during the week before Thanksgiving Monday, we celebrate the 871,000 people across the food supply... Read this article online
Helping farmers become more resilient to extreme weather and climate change Thursday, October 10, 2024 Funding supports 213 projects for resilient agricultural landscapes The governments of Canada and Ontario have announced over $12.2 million in funding to support 213 agricultural projects across Ontario. These projects aim to make farmland more resilient to extreme weather and... Read this article online