REGINA, SASKATCHEWAN--(Marketwire - Sept. 13, 2012) - Farm Credit Canada (FCC) is contributing to the knowledge and understanding of agriculture economics by investing in a three-year research partnership with the University of Alberta (U of A).
FCC will invest a total of $99,000 over the next three years for the U of A to provide economic research that will help advance the business of agriculture. Research will target issues relevant for primary agriculture production, as well as value-added and agriculture input sectors. FCC will help share the research with industry stakeholders through publications and outreach.
The University of Alberta has extensive experience in designing and managing collaborative research programs and its Department of Resource Economics and Environmental Sociology in the Faculty of Agriculture, Life and Environmental Science is highly regarded for its research in agriculture economics.
"This agreement is an opportunity for our students and staff to further examine the agriculture sector and obtain a more in-depth understanding of some of the challenges and opportunities faced by those in the industry," said Dr. Brent Swallow, Chair of the Department of Resource Economics and Environmental Sociology. "It also presents a valuable training opportunity for our students in agriculture economics research so they develop skills they can apply to their future careers."
For FCC, the research partnership represents an opportunity to contribute to the understanding of the industry and its supply chains.
"As Canada's lending agriculture lender, FCC believes in and supports producers with value-added knowledge which can contribute to the future growth of their business," said Clem Samson, FCC VP of Western Operations. "Research conducted through this partnership will provide valuable insights for primary producers and agri-businesses to better understand how they fit into the industry's supply change."
FCC has a number of channels to share information and research findings, including Twitter, YouTube and a variety of agriculture publications available on its web site. FCC also sponsors a number of no-charge learning events throughout the year.
Canadian agriculture currently faces a number of global changes. Commodity prices have potentially reached a new higher plateau, driven by a growing middle class in emerging markets, non-food demands for agriculture commodities, and adverse weather events. In addition, international markets are increasingly governed by both public and private food standards.
"These trends pose both opportunities and challenges for resource-based countries, such as Canada," said J. P. Gervais, FCC's Chief Agricultural Economist. "With sound research, producers are in a much stronger position to develop strategies that will help them succeed in this complex and rapidly changing industry."
As Canada's leading agriculture lender, FCC is advancing the business of agriculture. With a healthy portfolio of more than $24 billion and 19 consecutive years of portfolio growth, FCC is strong and stable - committed to serving the industry through all cycles. FCC provides financing, insurance, software, learning programs and other business services to producers, agribusinesses and agri-food operations. FCC employees are passionate about agriculture and committed to the success of customers and the industry. As one of Imagine Canada's Caring Companies, FCC gives one per cent of its profits to charities and non-profit organizations. For more information, visit www.fcc.ca.