“Not so common sense” for the week of Nov 1, 2013

This week’s segment: A conversation with organic farmer and community-shared agriculture(CSA) producer, Maureen Giffen of Edencrest Farms.
Here is a direct audio link.

“Community-shared agriculture is a locally-based economic model of agriculture and food distribution where subscribers pay at the onset of the growing season for a share of the anticipated annual harvest from a farm or group of farmers in the form of a weekly box of fresh farm produce.

The origins of the model in North American can be traced to Swiss and German farmers who brought biodynamic farming ideas to the US in the mid-80’s. Since then the model has spread to more than 13,000 CSA farms operating throughout North America bringing fresh, local, usually organic produce to thousands of families from the heart of New York City to Phoenix, Quebec City to Central Ontario.

The prepaid subscription to whatever the harvest year brings in season, offers a unique “shared risk and reward” agreement between farmers and consumers that reduces risks and costs for the producers while allowing them to focus on quality care of the soils, crops, animals and workers. The model also helps to level the playing food in what has otherwise become a massive, industrialized food market favouring large scale, industrialized agriculture ahead of local food and health for consumers and the environment.

My guest today worked for many years in business development for a national phone carrier before leaving the corporate world to found Edencrest Farms a certified organic, CSA partnership.”

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Canadian economy gearing down

After last week’s “surprising” capitulation by the Bank of Canada where it lowered Canada’s growth outlook for the next 2 years, the Canadian dollar is back flirting with the lows of the year and a new Goldman Sachs report highlights downside risks in the highly valued Canadian housing market. See:Goldman warns on large correction in Canadian housing

“Canada is careering towards a sharp fall in house prices with some areas of the country’s market already showing signs that overbuilding and ultralow interest rates are taking their toll on the property market, Goldman Sachs reports.

Adding its voice to a growing chorus of concern, a report from Hui Shan, an economist at Goldman, late last week warned: “what goes up can keep going up, but then tends to come down.”

What’s that? prices that go up too far tend to come down? Not the stock market though…it will never come down again, right?

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Danielle at The MoneyShow Toronto Friday

Danielle will be speaking at The MoneyShow Toronto Friday October 25 at the Metro Convention Centre, giving a 30 minute presentation on the present investment climate at 1:45pm. You can register to attend or learn more on The MoneyShow website here.

Danielle’s presentation today was taped for replay and will be available on the Moneyshow website shortly. We will post the link in due course.

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