Barlow Says Farmers Will See Relief Through Government COVID-19 Benefit Plan

Mar 26, 2020

Farmers won't be left behind when it comes to government money being handed to workers and businesses losing out during the COVID-19 outbreak.

Foothills MP, John Barlow, says the Feds say they're going to lift the cap on loans from Farm Credit Canada as well as opening loan applications sooner.

Barlow says a lot of these issues came up when he spoke to Agriculture Minister Marie-Claude Bibeau this past week.

"Those are some things I did bring to the Minister's attention this week. As well as exempting the carbon tax from agriculture I think would be a very strong step forward. But obviously a lot of our farmers, ranchers and producers have jobs off the farm. And they can certainly apply for some of these programs through small businesses, EDC and ESTC as well."

Barlow says he also wants to assure residents the supply chain remains fully functional despite the closure of the Canada/U.S. border to non-essential travel.

he says the border remains open to trade and consumer goods.

Click here to see more...

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!