National Organizations representing Canadian farmers and ranchers are calling on the federal government to reverse its decision to administer changes to the capital gains tax that were announced in the federal budget last year.
Host of RealAg Radio, Shaun Haney spoke with RFD-TV’s own Suzanne Alexander on the changes to the capital gains rule, the issues farm groups have, and the Liberal leadership race.
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Canadian Prime Minister Mark Carney says the retaliatory tariffs aim to protect Canadian industries by targeting sectors including steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics.
Additional 50 percent U.S. tariffs on Canadian goods are now in effect as Canada vows retaliation and ag groups urge trade negotiations to continue.
Farmers should monitor the Union Pacific-Norfolk Southern merger and conditions along the Mississippi River and Panama Canal as they plan for harvest.
Analysts are watching global oil flows as demand increases.
Industry leaders and lawmakers are looking at legal pathways to address the need for farm workers.
President Donald Trump announced late Tuesday that new U.S. tariffs on Canadian goods are on hold for three days, saying the two countries are close to finalizing a deal.