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Wheat Growers Say Federal Budget Not Based On Reality

Western Canadian Wheat Growers released the following statement in regards to the 2021 Federal Budget:
 
In analyzing the 2021 Federal budget, the Western Canadian Wheat Growers see little that will benefit grain farmers. Agriculture has been a strong contributor to Canada’s economy during COVID-19 and should be supported accordingly. Grain farmers have been early adopters of the latest technology that maximizes production and minimizes costs, but the 2021 budget recognizes none of this.
 
“I have trouble downloading software for my equipment now and cannot wait for Earth Observation Satellites to be designed and sent into space. The federal government has stated it wants a 30% reduction in GHG by limiting nitrogen fertilizer use but has never consulted industry or farmers if this is even achievable,” said Cherilyn Jolly-Nagel, SK Director and Past President.
 
Prairie grain farmers adopted low-till farming techniques decades ago and yet have no recognition for the great work that they have done. According to Canadian data, grain farmers are already a net-zero industry.
 
“It is staggering to think that the federal government wants grain farmers to adopt commercially available clean technology by moving off diesel and assist with the purchase of more efficient grain dryers – this is an odd proposal and suggests that the farmers don’t already adopt the newest innovations that have proven benefits… which couldn’t be further from the truth,” said Margaret Hansen, SK Director.
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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.