Farms.com Home   News

Alberta farmers Asked for Input on TPP Trade Deal

A senate committee is in Calgary this week to get input from farmers on international trade deals, including the controversial Trans-Pacific Partnership (TPP).
 
The 12-country agreement would set the rules for more than a third of the world's trade, reducing tariffs on a large range of commodities like canola, fish and seafood, forestry products and industrial goods.
 
Ward Toma, general manager of the Alberta Canola Producers Commission, says the province's agriculture industry stands to benefit from the TPP.
 
It allows for us to access markets into the future. It allows for us to be competitive against our competitors," he said.
 
"Having the rules put in place around non-tariff trade barriers so that we can solve disputes around trade issues is very important for us."
 
The senate committee will put out a report with recommendations on international trade next March.
 
Canada has up to two years to decide whether to ratify the TPP.
 
Toma says canola producers in Alberta export up to 85 per cent of their crop to international markets, like the U.S. and Japan.
 
Source : CBC

Trending Video

Did Bears Win Thanksgiving, Will Bulls Get Christmas?

Video: Did Bears Win Thanksgiving, Will Bulls Get Christmas?


Did the bears win Thanksgiving (although this week had green on the screen), and will the bulls get Christmas? Bears won thanksgiving thanks to a USDA Nov crop report dud that stalled the bullish grain momentum for a brief period. But a bullish lower yield surprise in the Dec crop report could reignite the rally.
2026 U.S. winter wheat planting is nearly complete at 97% while crop conditions improved by 3 points to 48% good-to-excellent. US corn & soybean harvest is complete.
High corn demand, which is off the chart, and more Chinese soybean demand could support a Christmas rally.
Nasdaq had it’s worst November since 2011.
A U.S. Fed rate cut in December will help fund flow and sentiment.
Bitcoin held a long-term support at 80,000 and that's positive for fund flow and sentiment. It should help stock prices and Ag as we go into December.
Fertilizer prices continue to climb as we look ahead to 2026. Farmers may rely more on the nutrients that they already have in their soils.
South American Weather remains critical as the soybean reproductive stage starts from late Nov to late Feb depending on planting date.
Will a Russia-Ukraine peace deal happen by year-end?
CFTC data as of showed more managed money fund sell-off as of October 14th.