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Agriculture This Week: Biofuel can reduce food poduction acres

When you write about agriculture the growing interest in canola as a biofuels source is a good news story.

Anything which expands a market for a crop is good for the producer of that crop, and on the Canadian Prairies and particularly in Saskatchewan, added demand for canola is going to be generally applauded.

The crop is already the major income generator on most farms, and with huge prices already in 2022 even the hint of adding demand has to have producers near giddy with expectation.

And in a world always hungry to consume energy, the biofuel sector is one that holds the promise of a renewable source of fuel that actually has less atmospheric impact when consumed.

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Canada reaches tariff deal with China on canola, electric vehicles

Video: Canada reaches tariff deal with China on canola, electric vehicles

Canada has reached a deal with China to increase the limit of imports of Chinese electric vehicles (EVs) in exchange for Beijing dropping tariffs on agricultural products, such as canola, Prime Minister Mark Carney said on Friday.

The tariffs on canola are dropping to 15 per cent starting on March 1. In exchange for dropping duties on agricultural products, Carney is allowing 49,000 Chinese EVs to be exported to Canada.

Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.