Country 105

Country 105


Agriculture Report

Strong Forecast for Canadian Farmers

By Manny Paiva

Export Development Canada predicts agricultural and food exports will go up by 11 per cent this year.


Length: 1:10

A good forecast for Canadian farmers.

A report from Export Development Canada says agricultural and food exports will increase by 11 per cent this year.

The E-D-C says the main reason is a bumper crop.

The forecast calls for three per cent growth in exports next year as production returns to normal and prices edge down.

The report also points to strong emerging markets as a reason why the demand outlook remains positive.

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There are many hog producers in Ontario that are owed a lot of money.

Ontario Pork confirms a lot of producers are owed money after the shutdown of the Quality Meats plant in Toronto.

It turns out Quality processed one week of hog deliveries without paying for the animals.

Ontario Pork chairwoman Amy Cronin says the loss of the Quality plant is unfortunate.

But she says the animals that had been going to that plant have been absorbed in Ontario, Quebec and other areas.

Cronin also says other plants that had been running under capacity will now be able to ramp up production.

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Ongoing transportation bottlenecks appear to be having a significant impact on the amount of wheat being stored on Canadian farms.

Stats Canada reports total wheat stocks rose by nearly 47 per cent in March from a year ago.

The amount held on farms was up 72 and a half per cent while commercial stocks fell 11.3 per cent.

The agency says more than 80 per cent of the wheat being stored in Canada is being stored on-farm.

Total canola stock in Canada was at an all-time high of nine million tonnes as of March 31st -- that is up nearly 100 per cent from a year ago.


 

 


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