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Current Issue:

September 2023
Vol. 109 Issue 9

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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.
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Patti 😊

3 days ago

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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

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Ranchers get the backstory on public perception

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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...
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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

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Lake Country packing house sold

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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.
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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.

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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/
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Strong growth for farmland values

October 5, 2022 //  by WSH

BC farmland values continue to post strong growth, according to Farm Credit Canada, rising faster than anywhere else in Western Canada in the 12 months ended June.

Strong transaction activity led values 15% higher during the period, with much of the increase logged in the latter half of 2021 before interest rates began rocketing upwards.

During the first half of 2022, values in BC increased just 6.5%, below the national average of 8.1%.

“Producers are still making strategic investments in their operations and buying farmland, which is in short supply and high demand,” says FCC’s chief economist J.P. Gervais regarding the report.

Most land transactions in the first half of the year closed prior to the most significant interest rate increases that began in March. Higher borrowing rates will dampen deal activity, but Gervais expects producers to continue buying land that makes sense for their operations.

“There’s little doubt that higher borrowing costs will slow the demand for farmland,” he says. “But the fact that the supply of farmland available is limited and farm incomes are trending in the right direction could offset the impact of interest rate increases.”

Coinciding with the interest rate hike on July 7, FCC reported that farm cash receipts nationally could rise 15.9% in 2022. Robust commodity prices and the promise of stronger crop yields than last year buoyed the hopes.

“We are in a unique position where record farm revenues are helping to offset the impact of a sharp increase in input costs and rising interest rates,” Gervais said at the time. “Even if our projections were more modest, the Canadian agriculture industry certainly seems financially healthy and in a good position to weather inflationary pressure and higher interest rates.”

One test of demand is a November 3 auction of seven properties in Abbotsford, Langley and Quesnel listed with BC Farm and Ranch Realty Ltd.. Organized by the Future of Real Estate, a US-based online auction house, it claims to be the biggest farm and ranch auction ever in BC with more than 1,905 acres on offer.

However, the strong growth in land values prior to July 1 will contribute to higher property tax bills for growers in 2023. July 1 is the date at which the BC Assessment Authority values properties for the coming year’s tax roll.

 

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