Pulse Market Insight #232

May 26, 2023

Weather is and always will be the dominant driver of crop markets. That’s obvious. All other factors – geopolitics, trade wars, government policy, hedge funds – take a back seat to rainfall and temperatures. This time of year is the most critical, as crops emerge and yield potential is already being determined.

While every growing season is different, western Canada has seen extremes in the past 3-4 years. In some areas, 2020 was already a drought year, which then widened and deepened in 2021. Most, but not all, areas saw relief in 2022. The 2023 growing season started with widespread concerns about dryness, especially in central and northern areas that are typically wetter at the beginning of the year. Just in the past week though, welcome rains fell in northwest Alberta and north central Saskatchewan. But that still leaves large parts of Alberta facing dry conditions as the crop emerges.

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Video: Why Invest in Canada’s Seed Future? | On The Brink: Episode 3

Darcy Unger just invested millions to build a brand-new seed plant on his farm in Stonewall, Manitoba so when it’s time for his sons to take over, they have the tools they need to succeed.

Right now, 95% of the genetics they’ll be growing come from Canadian plant breeders.

That number matters.

When fusarium hit Western Canada in the late 90s, it was Canadian breeders who responded, because they understood Canadian conditions. That ability to react quickly to what’s happening on Canadian farms is exactly what’s at risk when breeding programs lose funding.

For farmers like Darcy, who have made generational investments based on the assumption that better genetics will keep coming, the stakes are direct and personal.

We’re on the brink of decisions that will shape our agricultural future for not only our generation, but also the ones to come.

What direction will we choose?

On The Brink is a year-long video series traveling across Canada to meet the researchers, breeders, farmers, seed companies, and policymakers shaping the future of Canadian plant breeding. Each week, a new story. Each story, a piece of the bigger picture.

Episode 3 is above. Follow Seed World Canada to catch every episode, and tell us: Do you think the next generation will have the tools they need to success when they takeover? How is the future going to look?