If we don\u0027t act, we will miss our opportunity to lead the world in ensuring agriculture is an engine of economic growth. Find out more.
And Rob Stone has a growing problem. In the past 18 months, the cost of fertilizer inputs rose by as much as 300 per cent. He knows that in a world where the demand for — and cost of — food is at its highest, he’ll need to use fertilizer more efficiently to get more out of his 9,000 acre farm in Davidson, Sask.
The last year has been anything but cheap, stable or predictable — and the safe bet is that expensive, volatile and unpredictable is now the new normal. The price of food has risen aggressively, putting enormous pressure on Canadians and farmers alike. As war roils the Ukraine, a key global breadbasket is suddenly bare, making Canada’s Prairies more essential than ever.
The moment we are in is reminiscent of the great Wheat Boom of 1880–1910, when Canada capitalized on a once-in-a-generation opportunity to increase wheat production and exports, and drive growth across the entirety of the economy. We also need to support farmers with technologies and tools to address critical emissions challenges by reducing fertilizer use, improving soil quality and scaling industrial solutions like carbon capture, usage and storage . Connecting the dots, capital will be key. Last fall, RBC estimated that $2 trillion in public, private and Indigenous capital would be needed to get Canada to net zero by 2050.
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