As expected, the Bank of Canada raised its key rate seventy five basis points on Wednesday morning. Heading into the announcement, a majority of financial analysts felt this would be the likely move, to trim the impact of inflationary pressure. This is the fifth rate hike in 2022 and brings the key rate to 3.25%… Read More

Statistics Canada is pivoting away from farmer-answered surveys and is utilizing various technologies to provide agriculture-related information about crops across Canada. The AgZero program uses alternative data sources including Earth observation data and satellite imagery to create reports regarding Canada’s agricultural production, reports that were usually compiled from data farmers provided. Omar Youssouf, unit head with… Read More

Global need, market prices, and implications from the pandemic have all demonstrated the benefits of bolstering local agriculture infrastructure, something that Alberta NDP ag critic, Heather Sweet, says the province needs to play catch up on. When comparing the Prairie Provinces, Alberta is showing far less traction with breaking ground on new value-added processing than… Read More

With numerous global variables still affecting commodity market prices, putting on blinders and bringing the focus down to individual operations may be the wisest way to navigate the uncertainty. Grain markets are still under the influence of several major unknowns including the Russia-Ukraine war, how much grain China will actually export, and Taiwan strait tensions,… Read More

 

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