REGINA, SASKATCHEWAN--(Marketwire - Oct. 23, 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 Saskatchewan (U of S).
FCC will invest a total of $99,000 over the next three years for the U of S 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 U of S's Department of Bioresource Policy, Business and Economics (BPBE) will lead the research project. The department is an integral part of the College of Agriculture and Bioresources' research in agricultural and food policy, agribusiness management and entrepreneurship, and environmental and resource economics that addresses institutional and infrastructure frameworks supporting the bio-based economy.
"This agreement presents our faculty and students with the opportunity to engage with FCC, exchange ideas and examine topics of relevance in the agriculture sector," said Bill Brown, head of the BPBE Department. "The financial support for our students is very welcome. Through this agreement our students will also develop a more thorough understanding of issues facing the sector and will be collaborating with FCC to find solutions."
For FCC, the research partnership represents an opportunity to contribute to the understanding of the industry and its supply chains.
"As Canada's leading agriculture lender, FCC recognizes the importance of supporting student development in the areas of agriculture business and economics," said Corinna Mitchell-Beaudin, FCC VP of Prairie Operations. "These students, in turn, will contribute valuable research that will give primary producers a better understanding of how they fit into the industry's supply chain. FCC believes that producers with superior knowledge will continue to grow their business."
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 free learning events throughout the year.
Canadian agriculture currently faces a rapidly changing environment. A growing middle class in emerging markets, non-food demands for agriculture commodities, and adverse weather events all contribute to make agriculture a dynamic but complex industry.
"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."
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.