Photo: Getty Images

Canadian farm liabilities outpaced equity growth in 2024

Farmers see declining ability to service debt for second consecutive year

Canadian farmers' total equity growth slowed for the first time in five years in 2024 as liabilities grew faster than assets, Statistics Canada reported. Farmland prices led to most of the growth, while declining farm income led to less ability to service debts.




Wheat crops damaged by drought are seen during an annual winter wheat tour, near Colby, Kansas, U.S., May 13, 2025. Photo: Reuters/Emily Schmall

‘Amber waves of grain’ recede in America’s heartland as wheat farmers struggle

Midwestern farmers abandoning wheat crops as profits recede, weather challenges

The Great Plains have long been celebrated for the “amber waves of grain” in the popular hymn “America the Beautiful.” The region’s states produce most of the U.S.-grown crop of hard red winter wheat, favored by bakers for bread. But with prices hovering around $5 (C$6.86) per bushel, U.S. wheat farmers have reached an inflection point, with many forced to either lose money, feed wheat to cattle or kill off the crop.


Photo: Thinkstock

Saskatchewan crops in need of rain: report

Intense storms cause some damage

Isolated showers across Saskatchewan during the week ended June 16 brought welcome moisture, but "a good general rain is needed to help push crop development and ensure the crop doesn't begin to deteriorate in condition," said the latest provincial crop report released June 19.