With the drop in soybean prices, canola could see some short-term benefit.

That from Canola Council of Canada President Jim Everson, who notes purchasers are looking for different alternatives than paying a large tariff on soybeans.

However, he says volatile tariffs and politically motivated tariffs are not a good thing for the growth of the industry.

"Over the long term, we see the environment that's good for our industry is one where you have predictable tariffs and you have as much as possible a removal of tariffs internationally and a commitment from countries to following trade rules."

China has placed a 25 per cent tariff on U.S. soybeans.

With 22 million acres planted, canola is western Canada's largest and most valuable crop. This amount is about 10 times the size of soybeans.

China is Canada's second largest market for canola and canola products, with the United States being number one. Everson said last year Canada exported about $3.6 billion in total value to China, which includes seed, oil and meal.

More Ag News

Farmers Collaborate On Wheat Industry Issues

The Western Canadian Wheat Growers had farmers from both sides of the border at a meeting held earlier this month at the Agri-Trade Equipment Expo held in Red Deer. The event featured a panel…

Trade Mission Sets The Stage To Use New Seed Innovation

A trade mission to China has set the stage for Canadian farmers to adopt new seed innovation. Federal Agriculture Minister, Lawrence MacAulay, wrapped up the 10 day trade mission last week where he…

Canadian Western Agribition Opens Today In Regina

Today marks the start of Canadian Western Agribition in Regina. Agribition is known as the premier livestock event in North America and will showcase about 2000 head of livestock. CEO Chris Lane says…

CN Rail Says Grain Starting To Flow After Tough Harvest

Grain availability has been a concern this shipping season. Rail customers have self-cancelled almost eight thousand orders for CN supplied equipment through the first 14 weeks of the crop year.…

Killarney Farmer Wins Leadership Award

Killarney-area farmer Dave Koslowsky is the winner of this year's Canadian Forage and Grassland Association (CFGA) Leadership Award. Koslowsky and his wife Rhonda operate a 1,700 acre mixed farm that…

CFA President To Step Down Next Year

After holding the position for nearly nine years, Canadian Federation of Agriculture (CFA) President Ron Bonnett has decided not to run again when his term expires next February. He says he's pleased…

Potato Growers Dealing With Freeze Damage, Unharvested Acres

It was a challenging year for Manitoba potato growers. Vikram Bisht with Manitoba Agriculture says there were over 5,000 acres unharvested (about 8% of total crop), with another 2,000 acres or more…

Government Of Canada Investing In Research To Develop Sustainable Ag Practices

The federal government has announced that it will make a $3.4 million investment through the Agricultural Greenhouse Gases Program (AGGP), to conduct research into greenhouse gas mitigation practices…

Governments Support Manitoba Diversification Centres

The governments of Canada and Manitoba will be providing $3 million in funding through the Canadian Agricultural Partnership (CAP) over five years to support four diversification centres. The…

MacAulay Wraps Up Visit To China

Federal Agriculture Minister Lawrence MacAulay has wrapped up his 10-day visit to China, which saw the two countries sign 18 agriculture and agri-food agreements worth over $353 million. MacAulay led…

PembinaValleyOnline.com is your only local source for community news and information such as weather and classifieds.

Login