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Strategies & Market Trends : Taking Advantage of a Sharply Changing Environment
NRG 149.27+4.0%Jan 9 9:30 AM EST
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To: Doug R who wrote (2347)11/18/2019 12:50:30 AM
From: Doug R1 Recommendation

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3bar

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This year will be remembered as the “harvest from hell,” said farmer John Guelly, chairman of the Alberta Canola industry group.
Millions of acres of Canadian canola freeze
Heavy snow and rain during harvest have left several million acres of canola, renowned as Canada’s most profitable crop, buried until spring.

As of November 5, some 17% of Alberta’s canola remained unharvested along with 12% of Saskatchewan’s canola and 9% of Manitoba’s. That unharvested canola represents about 2.7 million acres, or 13% of national plantings according to government estimates.

Although some of the crops that remain in the fields over the winter can probably be salvaged at a discount in the spring, it can delay farmers from planting the next crop.

These are the sorts of delays (delayed planting and disastrous harvests) that lead to widespread famine during the Little Ice Age, when literally millions of people died of starvation.

reuters.com

The article below contains a video explaining how poor harvest conditions, trade disputes and a looming federal carbon tax are all weighing on the Canadian agriculture industry.
msn.com
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