Canadian Grain Commission reminding farmers of grain grading changes coming Aug 1

With the 2022-23 crop year approaching, the following changes will be coming into effect for the Canadian agriculture sector on August 1, 2022. 

You can find a full list of upcoming crop year changes on the Canadian Grain Commission website.

The changes below will be reflected in the Official Grain Grading Guide on August 1, 2022.

Mildew standards for Canadian western red wheats

FCC says Canada’s agriculture industry in a good position to weather inflationary pressures and higher interest rates

Farm Credit Canada’s (FCC) chief economist says Canada’s agriculture industry is in a good position to weather inflationary pressures and higher interest rates.

“We are in a unique position where record farm revenues are helping to offset the impact of a sharp increase in input costs and rising interest rates,” said J.P. Gervais. “The key for producers is to pay close attention to projected income and expenses to avoid any cash flow challenges that could put pressure on operations.”

Researchers believe food inflation in Canada may have peaked

Researchers at Dalhousie University believe the food inflation rate in Canada may have already peaked.

Statistics Canada reported the rate was 8.8 per cent in June, which is still higher than the general inflation rate.

Janet Music is the Research Program Coordinator at the Agri-Food Analytics Lab at Dalhousie University.

Forward hog contract prices on the upswing

Forward hog contract prices are on the upswing.

Tyler Fulton is Director of Risk Management with Hams Marketing Services.

"They're actually about as good as they've been in the last month and a half," he said. "Forward contracts have appreciated by about 15 per cent over the course of that month and a half. Probably, I would say, depending on the time frame, on average, profitable, even with high commodity prices right now."

He notes cash prices for hogs are all over the board.

Crops looking pretty good for Reinfeld area farmer

Reinfeld area farmer Jack Froese says his crops are looking pretty decent with the rain that we've had this year.

He commented on the corn crop.

"We had a three inch rain across most of our corn here a little better than two weeks ago. So we had a little bit of an issue there and then we had some blowing earlier in the year but it's coming around really nicely. It's looking very good."

Froese notes there also were some challenges with canola earlier in the season.

Canadian meat industry pleased to see exemption in Front-of-Package labelling regulations

The following statement was issued Thursday by the Canadian Cattlemen's Association, Canadian Meat Council, Canadian Pork Council, and National Cattle Feeders' Association:

Today, the Honourable Jean-Yves Duclos, Minister of Health announced the finalized Front-of-Package labelling regulations, part of the Government of Canada’s Healthy Eating Strategy. In the finalized regulations, ground beef and pork are exempt from the requirement of having a front-of-package warning label.