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Interest rate increase could slow demand for farmland

The Bank of Canada announced this week an increase to its policy interest rate of 75 basis points to 3.25%, as it continues to address inflation.

FCC Chief Economist JP Gervais talked about the impact on farmers.

"Higher interest expenses actually has an impact on margin. I think the good news is that the demand for what we grow is still very robust, both domestically as well as globally. We've had to deal with elevated input costs. Costs have been coming down a little bit now but so have commodity prices. I think margins remain positive for grains and oilseeds. I think the fact that feed prices have declined a little bit, brings a little bit of relief to livestock producers. Overall, margins are projected to be positive for this coming marketing year but no doubt that higher interest expenses are going to be impacting margins."

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Our Own On-Farm Research Is the Best Source - Managing White Mold in Northeast Nebraska

Video: Our Own On-Farm Research Is the Best Source - Managing White Mold in Northeast Nebraska

If you assumed Nebraska was too hot and dry for white mold to be a problem in soybeans, think again.

This week we're featuring Galen Samuelson, a farmer and dealer from Wakefield, Nebraska, who knows all too well how devastating white mold can be.

"We don't have it consistently every year, but with our temperature and humidity, it can hurt us quite bad," Samuelson says. Looking for alternatives, he explains, "What I like about Heads Up is that it's non-harmful to the beneficial fungal colonies in the soil." Galen has been using Heads Up for several years now, after first hearing about it through a small ad in a regional newspaper. Watch below to hear about his journey.

When asked to write about Samuelson Seed, Galen said the following:

"Samuelson Seed is a 4th-generation, family-based company. It started with my grandfather, and I'm now starting to pass the torch to my son, Caleb."

"In the early 1990s, I started working with a company whose focus was on plant and soil health before those benefits were widely known. I've continued to keep plant and soil health the main focus in our farming operation decisions."