Grain sellers beware
A grain broker operating in Western Canada has hit a financial squeeze and as a result a number of producers are unpaid for grain deliveries made many months ago. The number of unpaid producers and the amounts owing are not public, but the situation raises a number of questions. When I heard about the issue, …
Waning profitability in grain sector
Each year, every farm has successes and failures and grain prices always fluctuate, but the good times appear to be waning. We each play the hand we’re dealt and spend most of our time looking forward rather than back, but in most cases, profitability has eroded quite dramatically over the past several years. Perhaps some …
Some farmers will again miss compensation
Another grain buyer has left farmers unpaid for grain deliveries. And yet again, some producers will be outside of the timelines required for compensation under the Canadian Grain Commission’s licencing and bonding program. This time it’s Purely Canada Foods with its facilities in Avonlea, Kindersley and Lajord, Saskatchewan. Those in the grain trade are not …
Misleading analysis on capital gains tax increase
Farmers now have another reason to bash the Trudeau Liberals – the increase in the capital gains tax inclusion rate. Unfortunately, many of the arguments against the tax don’t withstand scrutiny. Certainly, taxes of all kinds are too high in Canada. In the case of the federal government, the public employee contingent has ballooned, expanding …
Field shelterbelts were never the right solution
Sometime in the mid to late 80s when drought, soil erosion and terrible grain farm economics were plaguing the sector, I recall a Save our Soils meeting in my hometown. A portable sign was employed to advertise the meeting, but someone rearranged the letters to spell “Save our Souls.” That actually captured the sentiment at …
More retired farmers opting to sell rather than lease
According to longtime farmland realtor Tim Hammond, retired farmers are becoming more likely to sell some or all of their land rather than renting it out. This shift in attitudes could have an impact on the farmland market in the years to come. About one-third of Saskatchewan farmland is leased and while the land owned …