Country 105

 

     

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Country 105

Country 105


Agriculture Report

Warning About Farmland Values

By Manny Paiva

FCC Economist says values of North American farmland could peak soon.


Length: 1:20

An economist with Farm Credit Canada says North American farmland values could soon plateau.

J-P Gervais says record-setting harvests in 2013 have seen grain prices retreat closer to average.

Gervais figures reduced commodity prices could mean many producers won't be as aggressive in expanding their operations.

He suspects many producers will survey the landscape -- and either buy more land or pay off some of their debt.

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There is a new Manager of the Western and Central regions for the Ontario Federation of Agriculture.

Paul Nairn is the new Manager.

He replaces Gertie Blake who retired in December.

Nairn has 20 years experience as a representative for Huron Perth.

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Despite a federal judge striking down parts of its lawsuit, the group Friends of the Canadian Wheat Board says it will continue a multi billion dollar legal battle against the federal government.

Supporters are seeking 17 billion dollars in damages from legislation that removed the wheat board's marketing monopoly on western wheat and barley sales.

Federal Agriculture Minister Gerry Ritz has said the ruling underscored the right of western Canadian farmers to market their own grain.

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A dispute resolution panel will hear a challenge next week to Quebec's restrictions on oilseed products.

Officials in Saskatchewan argues Quebec's trade restrictions are illegal under rules that prohibit governments from creating barriers to interprovincial trade.

The restrictions prevent certain margarine, coffee whiteners and dessert toppings from being sold in the Quebec market.

 

 

 


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