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Canadian Farmland Values Remain Hot

Farm Credit Canada Releases Farmland Values Report: National Increase by 10%

By , Farms.com

Farm Credit Canada (FCC) released its Spring 2013 Farmland Values Report on [April 15, 2013] – a report that’s been released semi-annually since 1990. Farmland in more recent years has been deemed a sexy topic in agriculture, which makes this report even more popular among farmers and investors.

According to the spring release by Farm Credit Canada (FCC), the average value of Canadian farmland increased by 10.0% during the second half of 2012.While the national average increased by 10.0%, the values vary considerably between provinces – with Quebec (19.4%), Manitoba (13.9%) and Ontario (11.9%) showing the highest average increases comparatively.

The FCC report tracks and highlights average changes in farmland values provincially and nationally, which helped producers make more informed business decisions. The two key drivers of the report are strong commodity prices and low interest rates. However, FCC warns that knowing ones risk tolerance is important when assessing to acquire farmland.

The following is a breakdown by province:

•Alberta – average increase of 7.2%.
•British Columbia – average increase of 0.4%
•Manitoba – average increase of 13.9%
•New Brunswick – unchanged of 1.3%
•Newfoundland and Labrador – unchanged
•Nova Scotia – average increase of 6.8%
•Ontario – average increase by 11.9%
•Prince Edward Island – average increase by 5.7%
•Quebec – average increase by 19.4%
•Saskatchewan – average increase by 9.7%


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The FCDC and AgSmart Bring Plant Breeding to a Wider Audience

Video: The FCDC and AgSmart Bring Plant Breeding to a Wider Audience

In the vast prairies of Alberta, Olds College’s Field Crop Development Centre (FCDC) stands as a beacon of innovation and research in the agricultural world. The institution has become a key player in advancing agricultural technologies and practices. The FCDC’s commitment to applied research has driven them to seek effective means of disseminating their findings and creating a positive impact on the farming community.

One such avenue that aligns with their mission is AgSmart, an event dedicated to showcasing cutting-edge agricultural technologies. The coming together of the FCDC’s annual Field Day and Ag Smart has proved to be a natural fit, fostering a synergy that benefits both parties and propels the agriculture industry forward. The FCDC Field Day took part in conjunction with AgSmart for the first time this week on Aug. 1-2 in Olds, Alta. FCDC Program Director Kofi Agblor and Olds College VP of Development Todd Ormann sat down for an interview with Marc Zienkiewicz to discuss the significance of the two events taking part together and what the future holds.

The Intersection of Research and Technology The essence of the FCDC lies in its dedication to plant breeding and new seed varieties, particularly barley and triticale. While conducting research is essential, it becomes meaningful when its benefits are shared with the wider community. This is where AgSmart steps in, providing a key venue for the FCDC to showcase their research. This union between research and technology creates a holistic and enriching experience for farmers, ranchers, and industry professionals, the pair said.

Seeds as Technology For the FCDC, the partnership with AgSmart goes beyond mere event collaboration. It is about creating an environment that bridges the gap between seeds and smart technology, Ormann said. The college believes that for technology to truly revolutionize agriculture, it must begin with a strong foundation — high-quality seeds. As the saying goes, “it all starts with a seed.” To demonstrate this critical aspect, the collaboration aims to showcase the seed value chain as an integral part of the smartphone.

The Birth of a Powerful Alliance The idea of joining forces emerged when staff realized the potential synergy between AgSmart and the FCDC Field Day. With just a few days separating the two events, a proposal was put forward to merge them. The marketing and communications teams from both sides worked seamlessly to ensure the essence of both events remained intact, creating a powerful alliance that leverages the strengths of each, Agblor said.

Driving Advancements in Breeding For Agblor, the partnership with AgSmart has tremendous potential to drive advancements in breeding and other technology. With technologies like drones and imaging becoming integral to phenotyping, breeding is no longer confined to vast fields to assess thousands of plants manually. Instead, it benefits from the data-rich insights brought about by smart technologies. These advancements make breeding more efficient, precise, and instrumental in shaping the future of agriculture.

Overcoming Challenges Together While the partnership between Olds College and Ag Smart has been a resounding success, there are challenges on the horizon. Securing stable funding for long-term breeding initiatives is crucial to sustain progress. The college is committed to navigating these challenges and investing in agriculture’s future sustainably, Agblor said.

 

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