By Dori Modney (@Dori_Modney on Twitter)

Canadian agriculture expected to handle potential interest rate hikes

Sep 26, 2018 | 4:14 PM

 REGINA. SASK. — In spite of higher interest rates, fluctuating commodity prices and trade uncertainty, Farm Credit Canada (FCC) finds Canadian agriculture remains strong and continues to withstand economic fluctuations.

In its latest report, the FCC defines the agriculture industry as being well-positioned to thrive despite some challenges.

While total farm debt across the country recently exceeded $100 billion, most Canadian producers continue to be in a good financial position.

It’s expected that the country’s agriculture community will finish strong in 2018 and head into 2019 on a positive note.

The one unknown element is future interest rate hikes, which could impact the industry.

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However, the strong net income that registered over the past few years and growing farm equity could take the bite out of rate hikes.  Cash income for Canadian farms more than doubled, strengthening demand for farm assets.