Country 105

 

     
Country 105

Country 105


Agriculture Report

Farmers Hate Loonie Rise

By

FCC says weaker currency better serves farmers.


Length:

The fact the Canadian dollar continues to rise is bad news for farmers.

That is the conclusion from Farm Credit Canada who says a weaker currency better serves farmers since a large percentage of Canada's agricultural gross domestic product is exported.

The non-profit lending agency says the Canadian cattle sector would benefit significantly if measures were taken to drive down the value of the loonie.

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Pork producers remain in the dark while they await details about a government assistance plan.

Manitoba Pork Marketing for example says some farmers may not have control over whether or not they stay in business.

Instead, secured creditors like financial institutions will have a large say in what happens to their hog operations.

Farmers say they are also getting frustrated with how long its taken for Ottawa to fully lay out its bail out plan, which was first announced almost eight weeks ago.

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There has been a major drop in Flax prices.

Viterra reports prices have dropped as much as 31 per cent.

Sales to Europe are also on hold after a German lab found some genetically modified markers in a Canadian shipment.

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Harvest advanced substantially all across the Prairies last week due to temperatures that ranged from 3 to 7 degrees above normal.

Harvest is now about 60 per cent complete in western Canada for all crops -- up from 37 per cent last week.

Typically, the Prairie harvest would be close to 80 per cent complete at this time.

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The deregulation of the single desk system in Australia has led to increased marketing opportunities for the Canadian Wheat Board.

Spokesperson Rick Steinke says the grain handling system in Australia is in disarray.

He says Australian farmers have seen depressed prices and have had a hard time getting grain to international buyers.

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A plan to alter food safety regulations in the U-S has put small family farms at odds with corporate agribusinesses.

Hearings begin this week on a proposal allowing leafy green handlers to attach a U-S Department of Agriculture food safety seal to lettuce, cabbage and other vegetables.

But it would also prohibit most organic and local farmers selling through farmers markets, from using the same seal.

Agribusinesses claim the plan will do much to improve food safety standards and prevent food born illnesses.

However, local vegetable growers say it will lead consumers to assume that vegetables from large scale farms are safer than those available from local growers.

 


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