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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Regulations help markets and industry exist on level playing fields, keeping consumers safe and innovation from going too far. However, incredibly strict regulations can stunt innovation and cause entire industries to wither away. Dr. Peter James Facchini brings his perspective on how existing regulations have slowed the advancement of medical developments within Canada. Given the international concern of opium poppy’s illicit potential, Health Canada must abide by this global policy. But with modern technology pushing the development of many pharmaceuticals to being grown via fermentation, is it time to reconsider the rules?

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