Ag Canada Raises Lentil Price Outlook; Peas Lower

Oct 20, 2025

Agriculture Canada has raised its 2025-26 price outlook for lentils from last month, although values are still expected to remain sharply lower compared to the last couple of years.

Updated monthly supply-demand estimates released Friday pegged the expected average lentil price for 2025-26 at $530/tonne ((FOB plant, averages over all types, grades, and markets). That is up $20 from last month’s forecast but down about one-third from the previous year’s $790, and almost half of the 2023-24 average of $1,000.

Large green lentil prices are forecast to have a much smaller premium over red lentil prices when compared to last year, Ag Canada said.

Ag Canada made no change to its lentil supply-demand estimates from September, with projected 2025-26 ending stocks holding at 1.145 million tonnes. That is more than double the 2024-25 ending stocks level of 549,000 and potentially the heaviest on record, blowing away the previous high of 873,000 in 2017-18.

Meanwhile, the price outlook for dry peas has softened from last month, down $20/tonne from September to $280 and further below the 2024-25 average of $405.

During the month of September, Saskatchewan yellow and green pea farm gate prices both fell $45 and $85/tonne, respectively, Ag Canada said. Green dry pea prices are currently at a $140/tonne premium to yellow dry peas compared to last year when green pea prices were at a $208 premium to yellow peas, it added.

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Video: From Conventional to Regenerative: Will Groeneveld’s Journey Back to the Land

"You realize you've got a pretty finite number of years to do this. If you ever want to try something new, you better do it."

That mindset helped Will Groeneveld take a bold turn on his Alberta grain farm. A lifelong farmer, Will had never heard of regenerative agriculture until 2018, when he attended a seminar by Kevin Elmy that shifted his worldview. What began as curiosity quickly turned into a deep exploration of how biology—not just chemistry—shapes the health of our soils, crops and ecosystems.

In this video, Will candidly reflects on his family’s farming history, how the operation evolved from a traditional mixed farm to grain-only, and how the desire to improve the land pushed him to invite livestock back into the rotation—without owning a single cow.

Today, through creative partnerships and a commitment to the five principles of regenerative agriculture, Will is reintroducing diversity, building soil health and extending living roots in the ground for as much of the year as possible. Whether it’s through intercropping, zero tillage (which he’s practiced since the 1980s) or managing forage for visiting cattle, Will’s approach is a testament to continuous learning and a willingness to challenge old norms.

Will is a participant in the Regenerative Agriculture Lab (RAL), a social innovation process bringing together producers, researchers, retailers and others to co-create a resilient regenerative agriculture system in Alberta. His story highlights both the potential and humility required to farm with nature, not against it.