Farms.com Home   Ag Industry News

Staple foods at risk due to federal policy

By Jean-Paul MacDonald
Farms.com

Our beloved bread, pasta, and even that weekend beer might get pricier. We've all felt the pinch of Covid's inflation and those empty store shelves. But brace yourself; it could get tougher.

As farmers know, Federal policies are making it tricky to produce affordable and healthy food. First, there's the carbon tax. It's like a thorn in the side for farmers at each production step. And now, there’s talk about reducing nitrogen-based fertilizers. The government is always asking farmers to do more with less.

For farmers this isn't great news. Less fertilizer and rising costs mean farmers will produce less. With lower production, prices go up, and supply chains take another hit. The worst part is often the less privileged feel the brunt when staple food prices spike.

What’s interesting is that Canadian farmers, blessed with naturally rich soil, use fewer fertilizers than many countries. If we step back, others might step in, using even more fertilizers. Oh, and have you heard about the Amazon rainforest? It's getting cleared for grain farms that gulp down tons of fertilizer.

These policies might look good on paper, but they’re making our lives tougher. Let’s make some noise about it! The Wheat Growers have a petition against these fertilizer cuts and carbon taxes. Lend your voice! And if you can, support the volunteer-run initiative. Every bit helps in educating consumers.


Trending Video

U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!