Summer Months Key In Determining 2021/22 Price Structure

Apr 28, 2021

The chief market analyst with FarmLink Marketing Solutions is weighing in on the rise in ag market prices.

"We've got kind of the best of both worlds," said Neil Townsend. "We've got a lot of the crops that we particularly grow in western Canada, have seen strong prices throughout most of the marketing year. Some of that has been frustrating with the dire lack of containers for some of the smaller crops that like to travel through that. Basically, the bottom line is that until we have a better read on what U.S. corn or soybean yield might be, we're going to be supported from the big U.S. corn belt crops."

Townsend believes the U.S. is nervous for two reasons.

"A - They don't see enough acres being planted and B, just because the conditions are not optimal. That doesn't mean they're bad, it just means they're not optimal. I'm always a little worried when you have a big rally, just in the planting sequence because more times than not, like 99 out of 100, you get the crop planted. We don't know what the weather is going to be like in June, July or August, but I would really focus farmers' attention on those three months. June for a lot of the crops in Canada, July for the U.S. corn and August for U.S. soybeans. Ultimately, the price structure that we face in 2021/22 is going to be dictated by those three months."

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Video: A chain harrow is a game changer

Utilizing a rotational grazing method on our farmstead with our sheep helps to let the pasture/paddocks rest. We also just invested in a chain harrow to allow us to drag the paddocks our sheep just left to break up and spread their manure around, dethatch thicker grass areas, and to rough up bare dirt areas to all for a better seed to soil contact if we overseed that paddock. This was our first time really using the chain harrow besides initially testing it out. We are very impressed with the work it did and how and area that was majority dirt, could be roughed up before reseeding.

Did you know we also operate a small business on the homestead. We make homemade, handcrafted soaps, shampoo bars, hair and beard products in addition to offering our pasture raised pork, lamb, and 100% raw honey. You can find out more about our products and ingredients by visiting our website at www.mimiandpoppysplace.com. There you can shop our products and sign up for our monthly newsletter that highlights a soap or ingredient, gives monthly updates about the homestead, and also lists the markets, festivals, and events we’ll be attending that month.