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Canadians Sure Like Farmers

Canadians are feeling pretty good about farmers these days.
 
Grassroots public affairs just put out its third annual survey. It shows a whopping 91 percent of respondents are very or somewhat confident in the safety of food grown or produced in this country. Nearly that same amount, 86 percent endorse increased government support for the ag sector.
 
Senior consultant, Peter Seemann said overall support dropped a bit from last year's report but he has a theory about that. "When COVID first started impacting Canadians, we saw something none of us probably have seen in our lifetime and that was periodic shortages of certain items in stores.  A lot of concern around food security and whether or not stores were going to remain fully stocked, that is something Canadian hadn't faced in generations.  As a result there was a lot of talk and conversation around the agriculture industry, a lot of talk around workers and the inability for farmers and processors to have the necessary help to produce the food that they do.  There was a lot more awareness a year ago. To the credit of the industry and maybe in some cases governments collaborating and assisting, where possible, those concerns have largely been dealt with respects to Canadians concerns day to day."
 
In the same survey Canadians are not as likely as last year to recommend people enter the ag industry.  Seemann shares that seeing 70 per cent of people in Canada have never been on a farm and the industry has not shown the diversity of careers in agriculture, he is not surprised.  He also shares that the industry must do a better job at highlighting the many different careers available.
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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.