Three increases this year to the Bank of Canada’s overnight lending rate are raising financing costs for farmers. The central bank’s benchmark rate increased to 1.5% on June 1, six times what it was at the start of the year. Prior to the first increase in March, the benchmark rate had been 0.25% since March …
Packers say they’ll work together to fix industry
KELOWNA – A group of packers have sent a letter to BC apple growers outlining their commitment to work together and offering a number of suggestions to improve the industry. But the BC Fruit Growers Association says the suggestions are not substantial enough and will ask the province to step in. The 11-member group includes …
Province funds market purchases
The province has stepped up with $12 million over three years in support of the 10-year-old BC Farmers Market Nutrition Coupon Program. The funding, announced by Health Minister Adrian Dix at the Kitsilano Farmers Market on June 5, will average $4 million a year. This is an increase from $2.25 million three years ago, and …
Weather chills BC berries
A cool spring has put a damper on this year’s strawberry crop, but growers hope a delayed start to the season will lead to a longer finish for what’s traditionally the first of the summer berries. Normally, Maan Farms in Abbotsford would be two-thirds through its first pick by early June. This year, cool temperatures …
Recovery fund deadline extended
A historic funding package has seen minimal disbursements to date, prompting the province to extend the deadline for applications. Producers impacted by catastrophic flooding and landslides following last November’s atmospheric river events will have until August 31 to file claims with the Canada-BC Flood Recovery Program for Food Security. “We’ve had over 400 applications so …
Bird flu in FV
ABBOTSFORD – A control zone was imposed on more than 50 commercial poultry farms in West Abbotsford last month following the discovery of highly pathogenic avian influenza at a local turkey farm, complicating the outlook for producers already under pressure from multiple supply chain issues. “We’ve been meeting our chicken numbers so far as allocation …