Canadian Farmers Benefiting From Low Dollar

Feb 27, 2017

The president of The Money Farm, out of Fargo, North Dakota, made a stop in Winnipeg earlier this month at the CropConnect Conference.

Mike Krueger talked about the effect the strong US dollar is having on agriculture.

"The strong [US] dollar really hurts the US producer because we're not competitive in export markets, and that I think has been probably the single biggest difference in terms of the economic melees among farmers south of the border and the relatively decent economic outlook for farmers up here," said Krueger.

Krueger says while US winter wheat acres are down over three million acres this year, he's also expecting to see a drop in spring wheat acres of at least a million acres.

Source : Portageonline

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