Farms.com Home   Ag Industry News

Young farmer calls new lending program announcement in the federal budget a step in the right direction

Young farmer calls new lending program announcement in the federal budget a step in the right direction

Sarah Jackson would like, however, to see a program for all young farmers

By Diego Flammini
News Reporter
Farms.com

A key focus of the federal government’s 2018-29 budget is the expansion of the role of women in the workplace.

One specific budget item relates to women in the agricultural industry.

“To support women entrepreneurs in agriculture, the Government will create and launch a new lending product in 2018–19 designed specifically for women entrepreneurs through Farm Credit Canada (FCC),” the budget states.

Sarah Jackson, the 26-year-old owner of Uplands Pheasantry in Lambton County, likes the idea of new lending program.


Sarah Jackson
Photo: Facebook

“As a young farmer it can be difficult to come up with a whole bunch of equity, compared to a farmer who’s been doing it for a long time,” she told Farms.com today.

She’s curious about the focus on women in the industry, however.

Women have fought to be respected in what’s been considered a male-dominated industry, she said. In her experience, female entrepreneurs in ag haven’t had issues accessing capital, adding that a program designed to help all farmers might be a better project to explore.

"It is my understanding that this government has put an emphasis on closing the gaps for women in the 2018 budget, which is good," she said. "Though I worry about us women being singled out. What about young farmers in general? I know my male colleagues also face financial hurdles to farm ownership.

"I will be curious to see how this effort will work in practice."

For more information about the agricultural elements in the budget, check out yesterday’s coverage.


Trending Video

U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!