Keeping track of the ever changing trends when it comes to consumer preferences regarding their diet and food purchasing decisions is always a challenge. As the Covid 19 Pandemic continues its march around the world Spring has arrived and planting this year’s crop has already started in some areas of Saskatchewan. Although it is basically too late to change seeding plans at this point, the attached article by Owen Roberts in the latest FCC Knowledge Newsletter discusses how the pandemic has changed consumer preferences. While it is fair to say some of these changes may not last for the long term, it is also fair to say that some will. How well our producers are able to understand those changes will help them to adapt their farm plans and position themselves to take advantage of the new consumer buying patterns. This is, of course, not an overnight process. That said, it is happening and needs to be on the agenda of every farm. Never a dull moment in Agriculture!
The attached post from FCC featuring Lance Stockbrugger discusses some of the many factors to consider when deciding to either Sell or Buy farmland. Considering the current values for Saskatchewan Farmland, and how they have risen to current levels in the past 15 years, regardless if you are on the Selling or Buying end this has become a major financial decision. Many areas of the Province have risen to levels where a single quarter of farmland far exceeds the cost of purchasing a modern house. As Lance mentions, interest rates are one of the main factors that need to be considered before moving forward, a factor that affects both the Seller & Buyer. The Agents at Hammond Realty are here to help and have a wealth of knowledge and experience to share with their Clients, whether a Seller or Buyer.
Having a back-up plan for ensuring the farm work continues to be completed if the key manager, or anyone in the farm workforce for that matter, should happen to fall ill is an important part of every farm management plan. Covid-19 has underscored the potential for major problems to any business by a disruption to the availability of workers and farming is no exception. As the various levels of Government are working to ensure the availability of out of country seasonal workers, farm managers are looking at their options for the upcoming production season. This potential for farm labour shortages has the potential to be compounded in some areas of Saskatchewan where some producers have 2019 crop left to harvest this Spring in addition to the need for seeding the 2020 crop. A challenge for sure! Those farms who up to this point have not incorporated a labour shortage contingency plan into their overall farm plan will certainly want to put that onto the “to do list”. The attached article in the latest edition of the FCC Knowledge Newsletter outlines some key points to consider.
As the Covid-19 epidemic continues its march across the globe, Agriculture like most industries is feeling the effects. FCC explains how they are able to help Farmers through these times at the following link: