The stakes are high as Canadian farmers take to the fields to plant 2022's crop, which some are saying could find a place in the record books as 'the most expensive ever.'
The stakes are high as Canadian farmers take to the fields to plant 2022's crop, which some are saying could find a place in the record books as "the most expensive ever."
But getting that above average crop could be a challenge. Last year, Sawyer's farm was hit hard by the widespread drought that reduced crop yields across Western Canada and there are fears already that this could be another dry year. "There's a number of crops that are sitting at all-time highs, or near all-time highs," said Jon Driedger, of Manitoba-based LeftField Commodity Research. "If you go back two years, the price of canola has doubled, almost tripled. Wheat's higher than it's been in 20 years, corn's pushing up against a record high. It's really across the board."
"For those farms that are fortunate enough to harvest a normal crop or even better, it could be a great year. But there'll be a lot of farms for whom that's looking awfully precarious right now."
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