Originally posted by chuckChuck
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"Misread a single sentence" Really? And A5 and Furrow you guys must have fallen off the turnip truck! 
So the question is how could canola farmers like A5 and Furrow know so little about their own industry and fall for social media crap?
So the canola industry is worth $43 billion in total in Canada and losses from counter tariffs are already $44 billion! Wow! Remarkable!
In 2023, Canadian canola exports, including seed, oil, and meal, reached a value of $15.8 billion, with the United States being the top destination, followed by China.
China is a highly valued market for Canadian canola and canola products, with total exports valued at almost $5 billion in 2024.
The $44 billion of losses from counter tariffs must be the result of new math some farmers learned!
[url]https://www.theglobeandmail.com/business/article-business-brief-the-cost-to-canadian-farmers/[/url]
"In 2023, Canada’s agriculture and agri-food sector contributed about $150-billion, or around 7 per cent, to the country’s gross domestic product. It employs more than 2.3 million people across farming, food processing and related industries. With new tariffs, trade restrictions and retaliatory measures in play, farmers are facing rising costs on everything from fertilizers to machinery, squeezing margins even further. For an industry that already operates on tight profit margins, these disruptions are not just inconvenient – they are existential threats.
The canola industry alone is worth $43.7-billion, and ongoing trade battles with the U.S. and China put billions of dollars in exports at risk. Supply management in dairy, a system designed to stabilize domestic production, has become a political flashpoint in trade negotiations. Even unexpected industries, such as equine businesses, are feeling the squeeze, as they race to find alternative suppliers for essential products.
Canola farmers: caught between two wars
Canada’s canola industry has become collateral damage in two escalating trade disputes, Helmore reports ([url]https://www.theglobeandmail.com/business/economy/article-chinese-tariffs-on-canola-oil-leave-canadian-farmers-caught-between/[/url]). Since January, canola farmers have faced the looming threat of 25-per-cent U.S. tariffs on their largest export market. China – Canada’s second-largest canola buyer – has announced 100-per-cent tariffs on Canadiancanola oil and meal, hitting more than $900-million worth of exports. Beijing’s decision comes in retaliation over Ottawa’s decision last year to hit imports of Chinese-made electric vehicles with a 100-per-cent tax.
So the question is how could canola farmers like A5 and Furrow know so little about their own industry and fall for social media crap?
So the canola industry is worth $43 billion in total in Canada and losses from counter tariffs are already $44 billion! Wow! Remarkable!
In 2023, Canadian canola exports, including seed, oil, and meal, reached a value of $15.8 billion, with the United States being the top destination, followed by China.
China is a highly valued market for Canadian canola and canola products, with total exports valued at almost $5 billion in 2024.
The $44 billion of losses from counter tariffs must be the result of new math some farmers learned!
[url]https://www.theglobeandmail.com/business/article-business-brief-the-cost-to-canadian-farmers/[/url]
"In 2023, Canada’s agriculture and agri-food sector contributed about $150-billion, or around 7 per cent, to the country’s gross domestic product. It employs more than 2.3 million people across farming, food processing and related industries. With new tariffs, trade restrictions and retaliatory measures in play, farmers are facing rising costs on everything from fertilizers to machinery, squeezing margins even further. For an industry that already operates on tight profit margins, these disruptions are not just inconvenient – they are existential threats.
The canola industry alone is worth $43.7-billion, and ongoing trade battles with the U.S. and China put billions of dollars in exports at risk. Supply management in dairy, a system designed to stabilize domestic production, has become a political flashpoint in trade negotiations. Even unexpected industries, such as equine businesses, are feeling the squeeze, as they race to find alternative suppliers for essential products.
Canola farmers: caught between two wars
Canada’s canola industry has become collateral damage in two escalating trade disputes, Helmore reports ([url]https://www.theglobeandmail.com/business/economy/article-chinese-tariffs-on-canola-oil-leave-canadian-farmers-caught-between/[/url]). Since January, canola farmers have faced the looming threat of 25-per-cent U.S. tariffs on their largest export market. China – Canada’s second-largest canola buyer – has announced 100-per-cent tariffs on Canadiancanola oil and meal, hitting more than $900-million worth of exports. Beijing’s decision comes in retaliation over Ottawa’s decision last year to hit imports of Chinese-made electric vehicles with a 100-per-cent tax.
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