The Chair and Vice Chair of the Ontario Fruit & Vegetable Growers’ Association have been re-elected to their positions for another one-year term. The elections were held at a board meeting following the organization’s annual general meeting in Niagara Falls this week.
The grain markets are preparing for the upcoming planting season but dealing with a “slug” of negative news, said Don Roose, president of U.S. Commodities in Des Moines. Roose said recent USDA reports have been negative, with yields and ending stocks rising, adding more available supply and not much more demand. “We’ve had such a slew of negative news, and weather in South America has turned non-threatening. It’s about how much of this is dialed in (to prices,)” Roose said. “I always tell people that this time of year, you start to look for a low. You get enough producers selling that it gets digested in the market. Funds are at a near-record on corn and a five-year high short on soybeans, so that tells you the direction we’ve been trying to push.” Argentina is projected by some outlets to have a record production year, rebounding from a tough 2022-23 season and several weeks of extreme heat this growing season. Roose said there are still unknowns as to just how well the crop recove
At the Western Farm Show, farmers and ranchers can not only see the latest equipment and technology, they can also talk with people about farm finance, watch a livestock handling demonstration, or attend farmer development sessions on a variety of topics. Show manager Jami Applegate says people can get information about all aspects of agriculture. “You’re going to find everything you need to successfully run a farm or ranch under one roof,” she says. This year’s show, the 62nd Western Farm Show, is Feb. 23-25 at the American Royal Complex, located at 1701 American Royal Ct. in Kansas City, Missouri. Applegate says this year’s show features over 400 exhibitors, including farm equipment, finance, seed and even land-sale businesses. Four drone companies will be at the show. She says show attendees see value in being able to talk with dealers in person and see farm machinery up close. “Once they get there, they’re going to be able to talk to the dealers who are really knowledgeable o
The recent decision to reduce the interest-free portion of the Advance Payment Program (APP) from $350,000 to $100,000 has caused concern among farmers and ranchers across Canada. The Advance Payment Program, a federal loan guarantee initiative, has provided producers with access to low-cost cash advances to manage cash flow. Saskatchewan Cattlemen’s Association (SCA) and the Agricultural Producers Association of Saskatchewan (APAS) said the drastic reduction in the interest-free portion has heightened the financial concerns and uncertainty among farmers. APAS President Ian Boxall said the implications of this decision extend far beyond financial strain and will have wide-ranging impacts on farm financial management. “It’s been three years since the APP interest-free portion was at $100,000, and interest rates have skyrocketed, grain prices have dramatically declined, and input prices have remained high,” Boxall said. “The program needs to reflect the current realities of farm and
Agriculture and Agri-Food Canada (AAFC) said overall Canadian farm income is expected to reach a new record for 2023. AAFC said while every farm is unique and will have experienced the last year differently, the continued growth of overall farm income shows that despite the uncertainty and volatility of the past year, the sector remains resilient. The largest driver of this expected increase is a forecasted increase in livestock receipts of almost 10 per cent, to $37.3 billion. Cattle receipts saw impressive price-driven growth that, combined with moderate growth in receipts from the supply-managed sector, more than offset an expected decline in hog receipts. Crop receipts are also forecast to have grown 4 per cent to $56.0 billion, as improved grain marketings have largely mitigated the impact of declining prices. Operating expenses are forecast to have increased only 2 per cent to $74.9 billion, well below the 20 per cent increase seen in 2022. For 2023, Net Cash Income (NCI), th