One of the first commodity meetings today is the Canary Seed meeting this morning at Prairieland Park.
Kevin Hursh, the Executive Director the Saskatchewan Canary Seed Development Commission, says prices have been sitting around 30 cents a pound.
“I think things maybe have gotten short enough that it took more than just a few cents to pry enough Canary Seed out for the markets. And since the price hasn't collapsed after hitting that 29-30 cent plateau, it seems like we're in a little different paradigm. Of course, what the big question is … is how many acres will be seeded in 2020. What will our production be and lower prices be a year from now.”
Canary Seed producers will have an opportunity today to vote on a resolution to formally ask that canary seed be included under the Canada Grains Act.
Last year producers lost money when ILTA Grain went into Creditor Protection because Canary Seed was not covered under the CGC’s bonding program … while other crops covered under the program received 100% compensation.
Kevin Hursh the Executive Director for the Saskatchewan Canary Seed Development Commission says before voting they’ll hear from the CGC’s Chief Commissioner Patti Miller.
“This has come up at the commission level a few times in the past and the producers never really gave a clear direction that they wished for Canary seed to be covered into the licensing and bonding provisions. We're hoping that Patty can answer the question, if a formal request were to come from the commission. Will the Grain Commission work to get Canary Seed covered under the Canada Grain Act. What would that take and what would that mean for everything from grading to the licensing and bonding protection that other crops enjoys.”
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