It' a seller's market for agricultural property says FCC Wednesday, October 10, 2012 by SUSAN MANNOntario’s booming farmland market, up by an average of 16.3 per cent during the first half of this year, can have either a positive or negative impact on farmers depending on the maturity of a producer’s business, says Farm Credit Canada.Assistant professor Richard Vyn of the University of Guelph’s Ridgetown Campus agrees, noting for farmers looking to get into agriculture or expand their operations “all of a sudden the cost of expanding is that much higher.”Ontario had the highest average increase in its farmland value across Canada for the first half of 2012, FCC says in its Fall 2012 Farmland Values Report released Tuesday. In comparison, the average value of Canadian farmland increased by 8.6 per cent during the first half of this year.Has Ontario farmland reached the point where it’s unaffordable for new farmers? Vyn says it depends on how “you define affordable. The people paying those prices, it must be affordable to them.”But Vyn says it’s easier for farmers who have been in the business for a while to pay the current land costs because they have equity in other land they own. “That way it will definitely be easier for those who have been around for a while to pay those higher prices than for those who are just trying to get into the business just because they don’t have the equity to help support paying such high prices.”FCC says factors contributing to the trend toward higher farmland values are low interest rates, higher crop receipts driven by worldwide prices for soybeans and corn, and good yields. Interest rates will increase at some point but the key interest rate of the Bank of Canada is forecast to remain low into 2013 due to the uncertainty around the world economy, FCC says.This latest increase in farmland values is the highest since 1996. FCC says that in some parts of the country sellers are getting multiple bids for the same property, “which sets the stage for a seller’s market.” BF Bean board member resigned over opposition to merger Hay donation campaign struggles
Take a virtual reality tour of Ontario’s egg and sheep farms Saturday, December 21, 2024 Canadians now have the opportunity to explore new virtual farm tours on www.FarmFood360.ca, thanks to Farm & Food Care Ontario (FFCO), is a coalition of farmers, agriculture and food partners proactively working together to grow public trust and confidence in food and farming. The... Read this article online
Snow Begone: The RapidTrak Series Friday, December 20, 2024 BYLINE: Zahra Sadiq Winter is upon us, and with it comes thick layers of snow, making everything just a little more difficult. But it doesn’t have to be that way, thanks to the RapidTrak Snow Blowers by Ariens. This company’s story starts in 1933 when Henry Ariens took his sons... Read this article online
AEM partners with Euro counterpart to enhance global alignment on key ag manufacturer issues Friday, December 20, 2024 The Association of Equipment Manufacturers (AEM) and the European Agricultural Machinery Association (CEMA) have signed a () to enhance advocacy efforts for the agricultural equipment industry. The agreement seeks to create a positive legislative and regulatory environment across... Read this article online
The 2024 Topigs Norsvin Canada Awards Banquet Thursday, December 19, 2024 Topigs Norsvin Canada Inc.—headquartered in Oak Bluff, Manitoba—is a global leader in swine genetics, and recently held its in Winnipeg, Manitoba, and Stratford, Ontario, via two events for its producers. The banquets blended recognition for outstanding production achievements and... Read this article online
Premier equipment strengthens reach with new acquisition Wednesday, December 18, 2024 Premier Equipment, a John Deere dealership in southwestern Ontario, has reached an agreement to acquire Hutchinson Farm Supply, effective January 31, 2025. Hutchinson, which has been in business for 60 years, has served agriculture and rural property owners in York and Durham... Read this article online