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Prairie farm groups release results of seed royalty survey

Canadian agricultural producers do not support the two seed royalty models under consideration by Agriculture and Agri-Food Canada and the Canadian Food Inspection Agency.
 
The Alberta Federation of Agriculture, the Agricultural Producers Association of Saskatchewan and Keystone Agricultural Producersof Manitobahave been surveying producers online on the proposed changes since July. More than 1000 producers contributed their comments.
 
“We look forward to working with the federal government now that the election is complete to ensure that any new seed royalty structure is ultimately fair for farmers and producers as it would ultimately impact their bottom line the most,” KAP President Bill Campbell said. “Plant breeding needs to be funded in a manner that is fair and driven by the interests of farmers.”
 
“What we heard from producers is that they are not in a position to absorb extra costs,” said Todd Lewis, president of the Agricultural Producers Association of Saskatchewan. “As price-takers, farmers have little room in their margins for added expenditures. So there is little support for yet another expense toadd our bottomlines.”
 
“Producers are telling us loud and clear that they are not happy with either of the proposed models,” said Lynn Jacobson, president of the Alberta Federation of Agriculture.“Our outreach confirms that they don't feel they've been sufficiently engaged in consultations to date.It’s our hope that AAFC will work to rectify this before any further decisions are made.”
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U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!