Canadian Canola Exports Likely to Suffer

Dec 07, 2022

A smaller crop here and a larger one in Australia will likely combine to trim Canadian canola exports in 2022-23, market sources say.

In its November supply-demand estimates, Agriculture Canada forecast Canadian canola exports for the current marketing year at 9.3 million tonnes, up more than 76% from the previous year.

However, the Ag Canada forecast was based on Statistics Canada’s September model-based production forecast of 19.1 million tonnes. Meanwhile, last week’s updated StatsCan production report lowered this year’s crop to 18.17 million tonnes, leaving less supply for exports. Additionally, a record large canola production forecast for Australia means Canadian supplies will see more competition in international markets, which has the potential to trim shipments as well.

Click here to see more...

Video: Cheapest States to Buy Farmland in America

The United States has more than 895 million acres of farmland, which includes all rural land tied to farming operations, from highly fertile Midwest cornfields to vast grazing ranges in the West, as well as the undeveloped rural land, which is often sold as ranches, homesteads, or uncultivated lots. Nowadays investing in rural land is very lucrative even billionaires like Bill Gates, Jeff Bezos, and Warren Buffett have bought up thousands of acres of farmland across America. In contrast to investors, agricultural companies, and business moguls, some buy farmland for their own requisites, like starting a small farmstead, creating a cottage, and becoming self-resilient. In this video we have ranked the top cheapest states to buy farmland according to the per-acre land value, which is accumulated from the United States Department of Agriculture. The USDA’s per-acre land values come from an annual survey, which is cross-checked with actual sales data, appraisals, and market trends to ensure accuracy. So here are The top Cheapest States to Buy Farmland.