Canadian farmers are bracing for ripple effects as China imposes a 76% tariff on canola. It comes as many farmers are preparing for harvest.
President and CEO of the Canola Council of Canada, Chris Davison spoke with RFD-TV’s Tammi Arender about the trade relationship, what this tariff means for growers, and how it will impact harvest.
Related Stories
Livestock and government payments provide a boost, but crop receipts and rising expenses keep pressure on margins. Strong financial planning remains key in a volatile environment.
The USDA is working with 14 different states, including Georgia, to develop and implement block grants to address the unique disaster recovery needs for each state.
The total value of the U.S. potato crop was $4.60 billion in 2024, representing an 8% decrease from the previous year.
Crop-specific shifts and strong prices highlight the variability of this year’s fruit and tree nut harvest, according to USDA data.
The USDA noted that peanut edible utilization season-to-date is down 3% on the year, despite overall stocks increasing.
“Those could’ve easily been our beans going over there. It goes to show that if that opportunity is there, China would be willing to buy.”