In Canada, Farmtario reported that Canadian grain farmers are bracing for significant economic hardship following the United States’ decision to impose a 25% tariff on Canadian grain and grain products.
The report noted that the Grain Growers of Canada (GGC) is now urging the Canadian government to take immediate action to eliminate the tariffs, highlighting the potential for widespread market instability, increased financial burdens on Canadian crop producers and increased food costs for American consumers.
Kyle Larkin, executive director of GGC, said: “Tariffs of this magnitude will put family-run grain farms at risk by introducing widespread market uncertainty.”
Canada, which exports more than 70% of its grain production globally, relies heavily on international markets. The tariffs are expected to drive down farmgate prices for key crops such as wheat, canola, oats, barley, and pulses, making it increasingly difficult for farmers to remain financially viable, the report added.
“As price takers, grain farmers are at the whim of the global markets that we export to,” said Tara Sawyer, chair of GGC.
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Category: Food & Agriculture
