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CAHRC releases look at compensation in the ag sector

The Canadian Agriculture Human Resource Council released a report on a recent survey they held which looked at labour conditions in agriculture.

The survey included 609 employees from a total of 140 different agricultural organizations, looking across different levels of responsibility.

The survey found that across all roles, the weighted average and median hourly rate increased with each level of increased role responsibility.

The CAHRC provided the following info:

"In comparing industry/ commodities, the weighted average for the farm manager role ranged from $29.56 to $37.95 and the median ranged from $30.00 to $39.90. Grain & oilseed paid the highest weighted average and median for farm managers, followed by finfish."

"Dairy paid the lowest farm manager wage across all industries by an estimated $4.00 an hour. Farm supervisor pay ranged from $20.25 to $31.00 median and $21.32 to $31.20 for the weighted average. The highest paying commodity group was grain & oilseed; the lowest was dairy."

"Farm worker pay ranged from $18.00 to $28.00 median and $18.72 to $27.19 for the weighted average. Apiculture paid the lowest hourly rate ($18.00 median) for farm workers, while grain & oilseed paid the highest ($28.00 median). Farm labourer roles were paid the least and consistently ranged from $16.50 to $21.67 median and $16.60 to $21.50 for all the industries."

"Apiculture paid the lowest hourly rate ($16.50 median) for farm labourers, while grain & oilseed paid the highest ($21.67 median). Specialized roles hourly rates were $25.00 median and $26.75 weighted average, and ranged from $22.00 in the 25th percentile to $30.00 in the 75th percentile."

"For finfish farming, Manager positions ranked highest in the 75th percentile wage earnings and closely followed in all other categories, second only to grain & oilseed."

The survey also looked at non-monetary compensation by sector, which included healthcare, dental care, vision care, training, and housing assistance.

Summing up their findings, the CAHRC recommended that people take a look at comparing compensation benchmarks against a producer's current wages in order to ensure pay is competitive in the marketplace.

As well, enhancing total rewards should be a goal for agricultural producers to consider so they can elevate their employee offerings.

"Rethinking the standard approaches of how employees are compensated and supported through benefits can serve to improve the current agriculture labour market shortages. Employees who are properly rewarded by employers who can provide the needed resources create a codependent solution to the increasing employment gap problem."

Source : Pembinavalley online

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Agricultural Market Update: Grain Prices, Crop Conditions, and Weather Impacts

Welcome back to our channel where we provide comprehensive updates on the latest trends and changes in the agricultural sector. This week, we're looking at significant movements in grain prices, crop conditions, and the effects of weather patterns. Let's dive into the details:

Grain Price Decline Grain prices have fallen to their lowest levels since 2020, with December corn down 4.3% and November soybeans losing 3.1%. This decline is partly due to the beneficial moisture brought by Hurricane Beryl to the Midwest, which has improved crop conditions significantly. The USDA reported that corn and soybean crops are in their best condition in four years, contributing to the downward pressure on prices.

Record Short Positions and Market Sentiment Fund traders have increased their net short positions in the corn market to a record level, with a net short of 347,000 contracts of corn. This reflects a bearish sentiment in the market, further influencing grain price dynamics. Similar selling trends were observed in soybeans and SRW wheat, indicating broad market caution.

Weather Impact and Forecast Hurricane Beryl has brought significant rainfall across Arkansas, Missouri, western Tennessee, western Kentucky, and southern Illinois, with more expected over Missouri, Illinois, and Indiana in the coming days. Despite this, the market is currently more focused on the moisture benefits rather than potential heat risks forecasted in the 6-10 and 8-14 day periods.

US Crop Conditions Corn and soybean conditions have shown slight improvements last week, with corn rated 68% good to excellent and soybeans at 68%. These are among the best ratings for this time of year since 2020, suggesting robust crop health that could continue to influence grain prices.

Winter Wheat Harvest and Spring Wheat Conditions The US winter wheat harvest is progressing well, ahead of schedule with significant portions already harvested in Kansas and Texas. Spring wheat conditions are also favorable, with 75% rated good to excellent, although there have been some declines in states like Idaho, South Dakota, and Washington. Brazil's Corn Harvest and US Exports Brazil's second corn crop harvest is advancing rapidly due to favorable hot and dry conditions, with 63% of the crop already harvested. Meanwhile, US corn shipments saw a substantial increase last week, indicating strong export demand, which contrasts with the recent drop in domestic grain prices.

Ongoing Developments Lastly, the USDA reported a flash sale of corn, with significant quantities sold to unknown destinations, scheduled for delivery over the next two marketing years. This could signal ongoing international demand for US corn despite lower prices.

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