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Manitoba Focuses on Financial Aspect in Preparations for ASF

Manitoba's Minister of Agriculture and Resource Development says the province's top priority in developing plans for responding to African Swine Fever is preparing to address the financial impact of the infection. Concerted global efforts are underway to contain the spread of African Swine Fever.
 
Blaine Pedersen, Manitoba's Minister of Agriculture and Resource Development, told those on hand last week in Winnipeg for the 2020 Manitoba Swine Seminar, stakeholders are doing their best to keep the infection out of Canada but it's the "what if" so governments are doing all they can to prepare.
 
Clip-Blaine Pedersen-Manitoba Agriculture:
 
We're working very closely with the federal government. We had a federal provincial territorial meeting in mid-December. We had a great discussion with the federal government on this. The federal government is doing a good job in trying to keep it out, in terms of border security.
 
The federal government has also been working with the provinces on mitigation. If it does happen, how do we segregate it, how do we handle that. What we're working on right now is the financial impact because, if the industry was to shut down, it's a half a billion dollar hit to the Manitoba economy.
 
We have a person on the working group. There's a federal-provincial working group dealing with this and the province has representation there and we continue to work with both Manitoba Pork and the Canadian Pork Council on a financial mitigation plan. That's really huge as part of this.
Source : Farmscape

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Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”


After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!