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Olds College introduces new ag program

Olds College introduces new ag program

The Indoor Agriculture Certificate is the first of its kind in Canada

By Diego Flammini
Staff Writer
Farms.com

A postsecondary school in Alberta launched a new program for ag students.

Beginning in fall of 2024, Olds College will offer a four-month Indoor Agriculture Certificate program to meet industry demands for skilled people to work in the controlled environment agriculture (CEA) sector.

The first cohort will consist of 30 students.

“Our students will acquire essential skills in plant production techniques, modern technologies, and business practices that are crucial for success in this field,” Debbie Thompson, VP of academic for Olds College, said in a statement.

Examples of CEA include greenhouses, vertical farming and hydroponics.

Students will be required to complete five individual courses to earn their certificate.

In the Principles of Crop Production in Controlled Environments course, for example, “students explore the relationship between plants, their physiology, and growing requirements within controlled environments,” the course description says. “Students will learn how to optimize plant growth and productivity while ensuring sustainable and efficient nutrient management practices.”

A field placement of at least 200 hours is optional.

The number of greenhouse vegetable operations across Canada is on the rise.

In 2019, Canada had 843 operations, harvesting more than 17 million square metres of produce, Agriculture and Agri-Food Canada data from December 2022 says.

In 2021, Canada had 892 greenhouse vegetable operations. And the harvested area increased to more than 19 million square metres.

And research indicates the CEA sector will continue to grow.

Market.us, a market research report provider, anticipates the global CEA market will be worth about US$377.6 billion (CAD$517.3 billion) by 2032, up from US$74.4 billion (CAD$101.9 billion) in 2022.

“The CEA industry is anticipated to expand over the next few years as a result of rising consumer demand for locally farmed food, technological advancements, and increased worries about the sustainability and security of the food supply,” part of the report says.


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Agricultural and Economic Briefing: USDA Reports, Global Tensions, and Market Reactions

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USDA Crop Production and WASDE Reports The USDA is set to release its monthly Crop Production and WASDE reports today at 11:00am CST. These reports will reflect the updated new crop US corn and soybean balance sheets, incorporating data from the June Planted Acreage report which showed a significant increase in corn acreage. While no major adjustments to US corn and soybean yield projections are expected, the focus will be on potential changes to global supply and demand. The reports are anticipated to bear a mostly bearish tone, especially concerning corn prices.

Geopolitical Developments in Ukraine Ukraine's recent detention of a foreign cargo ship on the Danube River, suspected of carrying stolen Ukrainian grain from Russian-occupied Crimea, has escalated tensions. This incident has stirred concerns about potential Russian retaliatory actions during Ukraine's crucial grain export season. Wheat futures saw a sharp rise following the news, highlighting the sensitive interplay between geopolitical events and commodity markets.

US Drought Conditions and Agricultural Impact Recent USDA drought monitor data indicates mixed conditions across the US Corn Belt and High Plains, with many areas receiving beneficial rainfall and experiencing cooler-than-average temperatures. However, conditions have worsened in parts of western Illinois and northeast Missouri. These evolving weather patterns are critical for crop development stages and will continue to influence market dynamics.

US Crop Export Sales Corn export sales showed an increase last week, with Colombia being the largest buyer. However, soybean sales were relatively weak, with the Netherlands as the primary buyer. The varied performance in crop export sales reflects shifting global demand and market conditions, which traders closely monitor for strategic insights.

Economic Indicators and Market Reactions In a surprising economic update, consumer prices declined for the first time in four years last month, with the CPI falling 0.1% in June. This decline, coupled with the slowest annual inflation increase since March 2021, has significantly influenced market expectations, with the probability of the Federal Reserve beginning rate cuts in September now standing at 89%.

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