Canadian farmers stuck with last harvest scramble to plant next
"We've done some unique things that we normally wouldn't to help farmers with the cash flow they will require to plant a crop," said Jeff Vassart, president of Cargill Ltd.
Farmers who can afford fertilizer face an additional problem: railway bottlenecks are also slowing fertilizer movement, and supply is a problem after a shutdown in March at Agrium's Carseland, Alberta nitrogen plant.
"Lack of cash and lack of fertilizer availability is going to affect yields down the road," said Larry Weber, a farm analyst at Weber Commodities in Saskatchewan.
Agriculture Canada said on April 17 it expects about 16 percent less production this year, which would still amount to a big crop.
Statistics Canada reported last week that farmers intended to plant slightly less canola - one of the most expensive crops to grow - surprising the trade that was expecting the second-largest seeding on record.
- Deere to lay off more than 600 at four U.S. plants
- Slow pace of rail recovery stirs fear of future woes
- The four pillars of seeing opportunities in problems
- WinField introduces Answer Tech and Data Silo
- New DuPont Afforia herbicide introduced for soybeans
- Ohio’s largest Deere dealer to sell precision drone products
- No El Niño in 2014? Drought-weary California in trouble
- Suspected Bt corn rootworm resistance in Pennsylvania
- BioNitrogen to build second fertilizer plant in Texas
- Commentary: Setting the record straight on 'Waters of the U.S.'
- Soybean aphid numbers on the rise
- Solar energy jobs increase, wind power decrease