The tariff rate on Canada has been raised to 35 percent and is set to go into effect today. Many are now speculating over what impact could lie ahead for agriculture on both sides of the border.
Keith Currie with the Canadian Federation of Agriculture joined RFD-TV’s own Tammi Arender to discuss what he is hearing from Canadian farmers, if he expects any immediate impact for agriculture, and possible ripple effects.
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Rising global supplies may cap soybean price strength, while sorghum prices hinge heavily on China’s export demand.
Trade disputes can quickly reduce demand for key crops.
Input costs may stay elevated beyond tariff impacts.
Rising costs and prices are shifting acreage toward soybeans. Most fertilizer prices are up double digits from this time last year, with Urea seeing the largest gains.
