Activists targeting farmers AND Farmland rentals

A former president and CEO of the Canadian Association of Petroleum Producers says the agriculture industry has been hurt by international activist and protest organizations. Tim McMillian, who was also a Saskatchewan cabinet minister in Brad Wall's government, is concerned these same groups are, more then ever before, turning their attention to the farming community. Farmland values continued to trend higher in 2022 as demand for farmland remains high and available supply is low. Higher interest rates and farm input prices were offset by strong cash receipts, mitigating profitability pressures on the demand for farmland.Farm Credit Canada says roughly 40 per cent of Canadian farmland area is rented as renting land is a business approach that offers financial flexibility because the financial cost of renting is often lower than buying. FCC Chief Economist J.P. Gervais says study shows cash farmland rental rates are reflecting a slight increase from drought-stricken 2021 but remain lower than rates in 2020.See omnystudio.com/listener for privacy information.