(Alice McFarlane/farmnewsNOW Staff)

By Alice McFarlane

Agriculture Roundup

Agriculture Roundup for Friday September 13, 2019

Sep 13, 2019 | 10:09 AM

There has been a modest increase in farmland values in the first six months of the year.

Farm Credit Canada (FCC) chief agricultural economist J.P. Gervais said the national average showed an increase of three per cent, down from 6.6 per cent last year.

The value of Saskatchewan’s farmland rose 2.9 per cent in the first six months of this year showing a time of cautious buying.

He said there are softer commodity prices so crop receipts may decline this year and a less robust increase in farmland prices makes sense.

Land value increases were more pronounced from 2011 to 2015 in many regions.

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Gervais said most Canadian farms remain in a good financial position with a strong balance sheet.

He added even with trade issues and challenging weather conditions, demand for Canadian farm products remains strong.

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Livestock producers are being asked to participate in an online survey that focuses on the federal government’s Livestock Tax Deferral Provision.

The Saskatchewan Cattlemen’s Association sent an email to its members this week with a link to the survey.

CEO Ryder Lee said the current program allows producers to defer income in designated areas at the discretion of the federal government for the sale of part of their breeding herd. But it doesn’t give producers the choice on just what animals in the herd they want to sell.

Lee said the producer comments will help in their cause to urge Ottawa to improve the program.

The federal government announced the Livestock Tax Deferral Program in designated areas earlier this year.

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alice.mcfarlane@jpbg.ca

On Twitter: @AliceMcF