CALGARY – The Alberta floods have caused billions of dollars of damages around the province, but for the most part, farmers and ranchers appear to have been spared.
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Tag Archives: farms
U.S. drought drives Alberta farm cash receipts to record level
CALGARY — Farm cash receipts are set to smash new records this year, says a senior Alberta economist.
According to the latest figures from Statistics Canada, farm cash receipts in Alberta hit $3.85 billion in the first quarter of this year — a new all-time record high, writes Todd Hirsch, chief economist with ATB Financial in Calgary, in a commentary on Friday.
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Area farmers hope for profitable growing season
Near record crop prices are fuelling the possibility of a profitable growing season as area farmers prepare for spring seeding.
“With canola fluctuating around $14.50 per bushel and barley averaging about $5.30 in March, farmers are hoping the weather cooperates better this year – so they can cash in on these high prices with bumper crops,” says Lorelei Hulston, Provincial Insurance Manager for Agriculture Financial Services Corporation (AFSC), which administers crop insurance in Alberta on behalf of the provincial and federal governments.
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Cavendish Farms buys Lethbridge Maple Leaf plant
Cavendish Farms announced earlier this week that as part of its deal to buy the assets of Maple Leaf Potatoes, the frozen potato business of Maple Leaf Foods Inc., they will take over the operation of the 142,000 sq. ft. processing facility in Lethbridge. The transaction is expected to close by end of this year.
The company expects to retain all employees working at the Lethbridge plant in addition to international employees.
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Small farms proposed
A Red Deer developer is proposing an innovative development catering to small farms. READ