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Agriculture Ministers Ready For The Challenges Of 2021

Saskatchewan's Agriculture Minister David Marit says after 2020 everyone is ready for a new year.
 
He says there's a lot of issues for the Province to continue working on in 2021 for the Agriculture sector.
 
Marit says there's always the obvious issues like the B-R-M's, Carbon tax etc, but they'll also continue their focus on research, launching the new irrigation projects and working on attracting new value added processing.
 
"It's important for us to find ways to attract that investment into the Province of Saskatchewan, which leads to jobs. Leads to a lot of jobs, a lot of skilled labour jobs. I think it's important for us, I think there's great opportunity in the Ag tech sector. I think we are just seeing this grow leaps and bounds."
 
He says he's also excited about the three new international trade offices opening and what that could mean for the Province and the agriculture sector.
 
Meantime, Agriculture Minister Devin Dreeshen says attracting more investment in value added opportunities is also on the agenda in Alberta.
 
"That's everything from fertilizer plants to more cattle processing plants, to canola crush plants, even to hemp processing plants. We're really trying to attract that Global capital that's out there and trying to have them set up shop here in Alberta. It's great for job opportunities, as well as economic opportunities for farmers and ranchers."
 
He notes obviously B-R-M programming reforms and finding a replacement program for AgriStability is going to be big.
 
Federal Agriculture Minister Marie-Claude Bibeau says she has a number of issues on her plate in 2021.
 
She highlighted a few of those during her year-end interview.
 
"I hope I'll be able to finalize the improvement to AgriStability," she said. "African swine fever remains a very important file. We want to work closely with the industry and with the provinces to avoid having this disease in our territory, but if it ever comes, we will be ready. The climate plan will definitely be a big part of my work in the coming months and year."
 
Bibeau notes it remains challenging to do business with China.
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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.