• Menu
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Country Life In BC Logo

The agricultural news source in British Columbia since 1915

  • Headlines
  • Calendar
  • Subscribe
  • Advertise
  • About
  • Archives
  • Contact
  • Search
  • Headlines
  • Calendar
  • Subscribe
  • Advertise
  • About
  • Archives
  • Contact
  • Search

Primary Sidebar

Current Issue:

September 2023
Vol. 109 Issue 9

Subscribe Now!

Sign up for free weekly FARM NEWS UPDATES


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
Your information will not be
shared or sold ever

Follow us on Facebook

Comments Box SVG iconsUsed for the like, share, comment, and reaction icons

1 day ago

The Great Spallumcheen Farm & Food Festival and North Okanagan Plowing Match is happening this Sunday, September 24 from 10-3 at Fieldstone Organics, 4851 Schubert Rd, Armstrong. The outdoor festival features tastings and a market brimming with local food and beverage vendors, a horse and tractor plowing competition and vintage farm equipment displays. ... See MoreSee Less

The Great Spallumcheen Farm & Food Festival and North Okanagan Plowing Match is happening this Sunday, September 24 from 10-3 at Fieldstone Organics, 4851 Schubert Rd, Armstrong. The outdoor festival features tastings and a market brimming with local food and beverage vendors, a horse and tractor plowing competition and vintage farm equipment displays.
View Comments
  • Likes: 8
  • Shares: 1
  • Comments: 1

Comment on Facebook

Patti 😊

3 days ago

... See MoreSee Less

View Comments
  • Likes: 4
  • Shares: 0
  • Comments: 0

Comment on Facebook

3 days ago

The top five issues the Canadian Centre for Food Integrity identified in a recent survey were the cost of food, inflation, the cost of energy, keeping healthy food affordable and the Canadian economy. “We are seeing that environmental concerns are not in the top 10,” says Amy Peck, manager of the Canadian Cattle Association’s public and stakeholder engagement program. “If you are concerned about being able to afford to feed your family, the environment becomes less important.” ... See MoreSee Less

Link thumbnail

Ranchers get the backstory on public perception

www.countrylifeinbc.com

VERNON – Ranchers might be concerned about how the public sees their industry, but a producer-funded team at the Canadian Cattle Association has their back. Amy Peck, manager of the Canadian Cattle...
View Comments
  • Likes: 3
  • Shares: 0
  • Comments: 0

Comment on Facebook

4 days ago

BC Tree Fruit Co-op has sold its Lake Country packing house as part of its long-term plan to consolidate operations. The sale, to an undisclosed buyer, closed on August 31, 2023 for $15.8 million. ... See MoreSee Less

Link thumbnail

Lake Country packing house sold

www.countrylifeinbc.com

BC Tree Fruit Co-op has sold its Lake Country packing house as part of its long-term plan to consolidate operations. The sale, to an undisclosed buyer, closed on August 31, 2023 for $15.8 million.
View Comments
  • Likes: 7
  • Shares: 1
  • Comments: 5

Comment on Facebook

Who bought it ffs ?

Ted Nedjelski Karen Turner

One of my first jobs was apple grading in a packing plant in Vernon

Vivian, is this where you worked?

I’d hear the company that owns the big Cannabis company that owns the green houses all around this packing plant was buying up everything around to expand. Wonder if it’s them that got it.

View more comments

5 days ago

The federal government has committed $1.81 million over the next three years to support the BC Poultry Association's preparation for direct participation in responses to future outbreaks of highly pathogenic avian influenza in the province. “The persistence of the virus in wildlife and recurrence of outbreaks globally, presents additional risks during the migratory bird season in North America later in 2023,” the National Collaborating Centre for Environmental Health in Vancouver advised in July. For more, visit www.countrylifeinbc.com/ai-risk-rises-with-fall/ ... See MoreSee Less

The federal government has committed $1.81 million over the next three years to support the BC Poultry Associations preparation  for direct participation in responses to future outbreaks of highly pathogenic avian influenza in the province. “The persistence of the virus in wildlife and recurrence of outbreaks globally, presents additional risks during the migratory bird season in North America later in 2023,” the National Collaborating Centre for Environmental Health in Vancouver advised in July. For more, visit https://www.countrylifeinbc.com/ai-risk-rises-with-fall/
View Comments
  • Likes: 2
  • Shares: 0
  • Comments: 0

Comment on Facebook

Subscribe | Advertise

The agricultural news source in British Columbia since 1915
  • Email
  • Facebook
  • Twitter

Rate hike demands planning

September 7, 2022 byPeter Mitham

The latest rate hike by the Bank of Canada is putting the onus on farmers to plan further ahead to stay on top of the financial impacts.

The central bank’s policy rate increased a further 75 basis points on September 7 to 3.25%, or 13 times the rate on March 1.

It’s the fifth consecutive rate increase this year, with the intent being to curb consumer spending and rein in inflation even as the outlook for global growth weakens.

The combination means agricultural businesses will need to sharpen their pencils, says Farm Credit Canada vice-president and chief economist JP Gervais.

“The bank statement is quite clear this morning: more will be needed,” he says. “It’s paramount that people have a good risk management plan and understand what the exposure is to elevated borrowing costs that last.”

While domestic and international demand for food remains strong, supporting farm incomes, high input costs have meant narrowing margins for many producers. While there’s been some relief recently, Gervais says producers need to be prepared for ongoing volatility.

“Inputs have been coming down, which is a good sign,” he says. “But I think there’s a lot of planning that needs to go into next year already given that there’s still a war in Ukraine and given that Russia holds a lot of cards when it comes to fertilizer, when it comes to different kinds of commodities.”

The Bank of Canada has eight scheduled announcements each year regarding its policy rate. The next announcement this year is scheduled for October 26.

The rate aims to limit annual inflation to 2%. The bank’s core measures of inflation in July were between 5% and 5.5%.

Related Posts

You may be interested in these posts from the same category.

Land values “on solid ground”: FCC

FCC supports wine sector

BC farmland values slow

Dairy farmers on the brink

Farm values stable despite market shifts

Economic outlook challenges farm margins

Dairy meetings highlight costs

Seven properties at auction

Interest rates rise, again

Strong growth for farmland values

Peace leads real estate

Borrowing costs begin to bite

Previous Post: « Cool weather improves wildfire response
Next Post: Wildfire threat remains high »

Copyright © 2023 Country Life in BC · All Rights Reserved