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8 factors re farm income

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    8 factors re farm income

    CBC news reported on MY Sask home page
    that there are 8 facts to ponder when
    looking at farm income. They are as
    follows:
    - as of Aug 31, 2013, an estimated 9.5
    million tons of grain, oilseeds and
    pulse crops were on hand, but not yet
    sold
    -Agriculture and Agrifood Canada is
    currently estimating that, when Aug 1,
    2014 rolls around there will be 23
    million tonnes of unsold grain, oilseeds
    and pulse crops
    -in a typical year, canola crushers make
    a premium of $38 dollars per tonne above
    what they pay farmers for canola
    -this year, canola crushers are making a
    premium of $205 dollars per tonne
    - the "world price" for a bushel of
    Number 1 hard red spring wheat, in
    Portland, Oregon, on March 24, 2014 was
    $11.19
    -the price a Saskatchewan farmer is
    getting for a bushel of wheat is $5.54
    - total number of farmers in Canada:
    205,000 (from 2011 Statistics Canada
    survey)
    -total number of farmers in Western
    Canada: 171,000 (Alberta 50,000.
    Saskatchewan:62,000. Manitoba: 22,000)
    All of this is up for discussion
    Wednesday, starting at 8:30 a.m. at the
    Grain Handling and Transportation Summit
    in Saskatoon at the Saskatoon Inn. The
    summit is open to all.
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