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
'He's in our hearts': Family and friends still seek answers one year after Nathan Wise’s disappearance
It’s been a year since Nathan Wise went missing and his family is no closer to finding out what happened to him.
'My family doctor just fired me': Ontario patients frustrated with de-rostering
Dozens of Ontarians are expressing frustration in the province’s health-care system after their family doctors either dropped them as patients or threatened to after they sought urgent care elsewhere.
Ottawa pizzeria places among top 20 deep-dish pizzas in the world at international competition
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
Canada Post cracks down on Nunavut loophole to get free Amazon Prime shipping
Amazon's paid subscription service provides free delivery for online shopping across Canada except for remote locations, the company said in an email. While customers in Iqaluit qualify for the offer, all other communities in Nunavut are excluded.
Wildfire near Fort McMurray more than triples overnight, several evacuation alerts remain in place
The fire burning near Fort McMurray grew from 25 hectares to 5,500 hectares over the weekend.
Putin replaces Russian defence minister in rare cabinet shakeup
Russia’s President Vladimir Putin began a Cabinet shakeup on Sunday, proposing the replacement of Sergei Shoigu as defence minister as he begins his fifth term in office.
Man fatally 'slashed in the neck' in downtown Toronto, suspect outstanding
Police are searching for a male suspect after a man was “slashed in neck” on Sunday morning in downtown Toronto and died.
WATCH Dashcam video shows terrifying near-miss on two-lane northern Ontario highway
There were some scary moments for several people on a northern Ontario highway caught on video Thursday after a chain reaction following a truck fire.
Edibles, armchairs and adapters: Here are the recalls for this week
Health Canada announced various product recalls this week, including electric adapters, armchairs, cannabis edibles and vehicle components.