WINNIPEG/OTTAWA — For years, the financial stability of Canadian farmers was the envy of their American counterparts, but rising costs, drought and a dispute with China have weakened their bottom lines.
Agriculture is not as directly important to Canada’s economy as the service sector, for example, said Brett House, Scotiabank’s deputy chief economist. But farm spending indirectly underpins other sectors, said Alberta Agriculture Minister Devin Dreeshen.
“It’s definitely reminding me of the late ’90s, early 2000s, where we had to really squeeze every penny and make sure every decision was the right one.” “ stress level is extremely high,” said Wendy McDonald, an agronomist at Manitoba farm consultancy 360 AG. “They need this crop to do well and it’s not off to a great start.”
Another special interest group begging for govenment money. It's been going on since the '60's
The problem largely is the loss of 40% of the canola market, a huge crop in Canada, thanks to Trudeau’s incompetent lack of any foreign policy...
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