Rising input prices present challenges for Manitoba farmers
A rise in input prices has left this year’s crop costs abnormally high for Manitoba farmers.
Since the fall of 2021, costs for chemicals, fertilizer and fuel have skyrocketed due to fallout from Russia’s invasion of Ukraine and supply chain issues caused by the COVID-19 pandemic.
“Some individuals were able to purchase fertilizer last fall and have not seen the same type of increase,” Bill Campbell, President of the Keystone Agricultural Producers, told CTV News. "But all indications are that even fall application in 2022 will have a significantly increased cost.”
Transportation costs for imports and exports have also risen due to the climb in fuel prices.
Will Turner was one of those lucky farmers who bought all the fertilizer he needed when it was cheaper.
“Different farms will do different purchasing methods depending on their cash flow requirements,” Turner said. “So in this case we’re lucky that we did it in full when it was significantly cheaper.”
Although he’s been lucky in that regard, Turner hasn’t had the same luck with his cattle.
“With the price of feed, because the price of commodity is so high, cattle prices are not going to account for really any profit at all,” he said.
Turner predicts he will still be able to generate enough revenue to cover the increased costs, thanks in part to long term planning.
CTVNews.ca Top Stories
BREAKING Donald Trump picks former U.S. congressman Pete Hoekstra as ambassador to Canada
U.S. president-elect Donald Trump has nominated former diplomat and U.S. congressman Pete Hoekstra to be the American ambassador to Canada.
Genetic evidence backs up COVID-19 origin theory that pandemic started in seafood market
A group of researchers say they have more evidence to suggest the COVID-19 pandemic started in a Chinese seafood market where it spread from infected animals to humans. The evidence is laid out in a recent study published in Cell, a scientific journal, nearly five years after the first known COVID-19 outbreak.
This is how much money you need to make to buy a house in Canada's largest cities
The average salary needed to buy a home keeps inching down in cities across Canada, according to the latest data.
'My two daughters were sleeping': London Ont. family in shock after their home riddled with gunfire
A London father and son they’re shocked and confused after their home was riddled with bullets while young children were sleeping inside.
Smuggler arrested with 300 tarantulas strapped to his body
Police in Peru have arrested a man caught trying to leave the country with 320 tarantulas, 110 centipedes and nine bullet ants strapped to his body.
Boissonnault out of cabinet to 'focus on clearing the allegations,' Trudeau announces
Prime Minister Justin Trudeau has announced embattled minister Randy Boissonnault is out of cabinet.
Baby dies after being reported missing in midtown Toronto: police
A four-month-old baby is dead after what Toronto police are calling a “suspicious incident” at a Toronto Community Housing building in the city’s midtown area on Wednesday afternoon.
Sask. woman who refused to provide breath sample did not break the law, court finds
A Saskatchewan woman who refused to provide a breath sample after being stopped by police in Regina did not break the law – as the officer's request was deemed not lawful given the circumstances.
Parole board reverses decision and will allow families of Paul Bernardo's victims to attend upcoming parole hearing in person
The families of the victims of Paul Bernardo will be allowed to attend the serial killer’s upcoming parole hearing in person, the Parole Board of Canada (PBC) says.