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Tag Archives Agriculture and Agri-Food Canada

Markets, News, Other

Canadian farmers reap record profits as crop prices soar

Grains won while livestock and horticulture struggled

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Canadian farmers reaped record profits last year and are on track to do the same this year, the federal Agriculture Ministry said on Thursday, as prices for its top crops soared. Prices of canola hit all-time highs this month, rallying with oilseed rival soybeans, on brisk Chinese buying to produce feed for that country’s rebuilding
Current cash prices suggest a level of desperation among commercial traders to grab whatever canola remains in farmers’ bins.
Grain Markets, Markets

ICE canola futures acting independently

New federal estimates paint a picture of tighter ending stocks

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It can happen. Canola was showing a good amount of independent strength this week, shrugging off the ebbs and flows of other edible oils. The main driver behind this rarely seen independence is tight canola ending stocks, which have instilled price rationing in ICE canola futures. As one trader explained, commercials are so desperate to grab whatever canola remains
(Dave Bedard photo)
Crops, Markets

Canola stocks to tighten below a million tonnes, AAFC says

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MarketsFarm — Canadian canola ending stocks in both the current 2020-21 marketing year and in 2021-22 are forecast to tighten below a million tonnes, according to updated supply/demand estimates from Agriculture and Agri-Food Canada. The tight stocks were largely tied to expectations for increased domestic usage, with projected canola exports left unchanged from the January
The European honeybee, vital to pollination and the honey industry but not suitable for all crops such as seed alfalfa or some fruit or greenhouse crops.
Farmit Manitoba

A multitude of bees are your tireless workers

You might be surprised to find out just how much extra canola a few more pollinators can bring to your bins

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Canola growers like what happens when they enlist hives of honeybees to help tend their crops. According to figures presented to the Manitoba Agronomist Conference earlier this winter by Melanie Dubois of Agriculture and Agri-Food Canada, pollination increases production by as much as 46 per cent. And the quality of the seed set is significantly
A measure of all the pre-existing sustainability efforts and performance metrics is needed across all sectors of Canadian agriculture.
News, Other

Better benchmarking of environmental targets needed

Sustainability metrics can develop and protect markets for farmers

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Experts are calling for environmental targets to better position Canada in markets at home and abroad. Agri-Food Sustainability Targets is a report authored by David McInnes, who is working with Agriculture and Agri-Food Canada (AAFC), the Canadian Federation of Agriculture (CFA) and others. “What’s happening globally and nationally is that there is a wholesale shift
(Dave Bedard photo)
Crops, Markets

Feds predict three per cent increase in canola acres

Stocks nevertheless expected to tighten

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MarketsFarm — Canadian farmers will seed more canola in the upcoming 2021-22 crop year, but solid demand will still cause ending stocks to tighten, according to the first new-crop supply/demand projections from Agriculture and Agri-Food Canada (AAFC), released Monday. The department forecast seeded canola area in the spring of 2021 at 21.37 million acres, up
“The grain companies have never wanted the CGC. They would much prefer a situation wherein they can make all the rules themselves... “ Stewart Wells, NFU.
News

Grain act, grain commission review revived

The ongoing examination is sure to reveal fractures and differing interests

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Two pillars of Canada’s $26-billion grain industry are again under review — a process reviving long-standing divisions between some farmers and grain companies over grain industry regulations. The Canada Grain Act and Canadian Grain Commission which administers it, deal with grain buyer licensing, grade standards, grading disputes, quality control and producer payment protection. Some submissions
Opposition members of the Commons Agriculture Committee are questioning if government funding for food processors fighting COVID was enough.
News

Federal committee ponders food-processing capacity

Opposition members say COVID response was underfunded

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Glacier FarmMedia – The federal committee on agriculture and agri-food has begun its study into Canada’s processing capacity. During a Nov. 19 meeting, Conservative Party of Canada Agriculture Critic Lianne Rood joined her opposition colleagues in questioning the federal government’s decision to offer the sector $77.5 million in support, when some industry estimates suggest roughly $800 million is
News, Other

Worker wage protection key for buy-in

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In 2007, food processors and associations gathered to discuss the threat of a flu pandemic and their readiness for it. Among challenges they listed were low-income workers who couldn’t afford to take preventive measures. “This will contribute to the spread of disease,” says the report from Agriculture and Agri-Food Canada. While low-wage, impoverished workers can’t
News, Other

Agriculture committee finalizing BRM recommendations

Report will be sent to the federal agriculture minister for consideration

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Members of the federal committee on agriculture are finalizing recommendations for business risk management programs ahead of federal-provincial-territorial meetings to discuss the matter. Conservative Party of Canada (CPC) Agriculture Critic Lianne Rood says a report will be sent to Minister of Agriculture and Agri-Food Marie-Claude Bibeau ahead of meetings with provincial ministers, scheduled to take

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