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Canadian Horticultural Council and Canadian Produce Marketing Association Recognize NDP Commitment to Payment Protection for Produce Sellers

The Canadian Horticultural Council (CHC) and Canadian Produce Marketing Association (CPMA) recognize the commitment made on Sunday by NDP Leader Jagmeet Singh to implement protection for growers selling to the U.S. and taking immediate steps to restore Canada’s preferential access under the Perishable Agricultural Commodities Act (PACA).
 
“It is a very positive sign to see this important issue being addressed in the NDP’s campaign platform,” said CPMA President Ron Lemaire. “It is critical to address barriers to trade within the fresh fruit and vegetable industry and we will be closely following commitments in all parties’ platforms in the lead-up to the election.”
 
The lack of payment protection in Canada is top-of-mind for fresh fruit and vegetable growers and sellers across Canada for the upcoming Federal Election. The industry has long advocated for a PACA-like trust in Canada. The highly perishable nature of fresh produce makes the industry uniquely vulnerable during bankruptcies, risking financial ruin for those affected.
This lack of financial protection results in tremendously high risk for Canadians selling fruits and vegetables south of the border. This high risk negatively impacts the sector’s sustainability, decreases investments in innovation, threatens job opportunities for the middle class, and limits Canada’s export potential.
 
Implementation of a statutory deemed trust would significantly reduce supply chain disruptions and the vulnerability of small businesses and of rural communities, while also improving trade relations with
Canada’s largest and most important trading partner.
 
“Canada’s fruit and vegetable farmers are facing financial risks that threaten their competitiveness at a crucial time when consumers want to make healthy food choices and are being encouraged by their government to consume more fruits and vegetables,” says CHC Executive Director Rebecca Lee. “It is important that all parties recognize this and we applaud the NDP for their commitment to making a payment protection program for produce growers finally a reality.”
 
CHC and CPMA are pleased to see the NDP moving the issue forward in the lead-up to the Fall election and hope to see all parties supporting this issue within Canada’s produce industry by making it a priority in their platforms.
Source : Canadian Horticultural Council

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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.