Farms.com Home   Ag Industry News

NFU against Proposed Agriculture Bill

National Farmers Union believes the Bill will Hurt Canadian Farmers

Farms.com


The NFU is set to attend hearings at the House of Commons on a bill that affects the agriculture industry in Canada. Bill C-18, also known as the Agriculture Growth Act, should be dissected into sections that are easier to debate and discuss, believe groups opposed to the bill.

The National Farmers Union is an organization that has been working to promote farmers rights for several decades. The organization is made up of farm families from Canada who all share common goals. Goals and concerns are voted upon by members of the union that include children as young as 14. The union agrees that all family members over that age who contribute to the farm are eligible and present a valid voice and opinion. The Act which was introduced by Gerry Ritz, the Federal Agriculture Minister, has faced an increased amount of debate and confusion amongst the farming community. Bill-C18 is considered an omnibus bill - a bill that proposes many changes in legislation to various sectors in industry. It has received criticism for attempting to change too much without fully realizing or understanding the implication those changes may have on Canadian farm families.

At present, NFU has stated several concerns they have with the bill. They claim it only continues to serve the interest of large multinational agribusiness corporations while removing the rights of Canadian farmers. Initially it would cost farmers more during seed purchase as well as throughout the production process. Canadian Federation of Agriculture view the changes offered by the bill for the Plant Breeders Rights Act as beneficial, and could open further investments by plant breeders in Canadian farms.

NFU has argued that the bill would take away Canadian farmers rights ownership over seeds they own and would reduce their independence as individuals and farming communities. They also claim that Canadian sovereignty will be comprised due to the changes. It will allow for corporations to present foreign studies on issues relating to Canadian agriculture. They claim it will limit the influence that farm families and Canadian science have on agriculture. While not entirely opposed to the bill, they insist change should be implemented in several of the regulations proposed.
 


Trending Video

Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.