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
What is whooping cough and should Canadians be concerned as Europe declares outbreak?
There is currently a whooping cough epidemic in Europe, with 10 times as many cases compared to the previous two years. While an outbreak has not been declared nationwide in Canada, whooping cough is regularly detected in the country.
Ontario Provincial Police arrest 64 suspects in child sexual exploitation investigation
Ontario Provincial Police say 64 suspects are facing a combined 348 charges in connection with a series of child sexual exploitation investigations that spanned the province.
'Summer of discontent': Federal unions vow to fight new 3-day a week office mandate
Federal unions are launching legal challenges and encouraging public sector workers to file "tens of thousands" of grievances over the new mandate requiring federal workers to return to the office at least three days a week in the fall.
Watch fighter jet pilots pummel fake enemy ship off coast of Philippines
The United States and Philippines held annual joint-training drills just off the Southeast Asian nation’s western coast on Wednesday. Military forces sunk a 'mock' enemy warship – the BRP Lake Caliraya, which was a decommissioned tanker made in China.
U.S. presidential candidate RFK Jr. had a brain worm, has recovered, campaign says
Independent U.S. presidential candidate Robert F. Kennedy Jr. had a parasite in his head more than a decade ago, but has fully recovered, his campaign said, after the New York Times reported about the ailment.
'Ozempic babies': Reports of surprise pregnancies raise new questions about weight loss drugs
Numerous women have shared stories of 'Ozempic babies' on social media. But the joy some experience in discovering pregnancies may come with anxiety about the unknowns.
OPINION What King Charles' schedule being too 'full' to accommodate son suggests
Prince Harry, the Duke of Sussex, has made headlines with his recent arrival in the U.K., this time to celebrate all things Invictus. But upon the prince landing in the U.K., we have already had confirmation that King Charles III won't have time to see his youngest son during his brief visit.
TSB concludes investigation into cause of London, Ont. freight train fire
More than two weeks after a freight train with several railcars ablaze rolled through the heart of the Forest City, the Transportation Safety Board (TSB) has concluded its investigation.
'I killed four people': Trial hears video evidence of Jeremy Skibicki at Winnipeg trial
“I killed four people,” alleged serial killer Jeremy Skibicki told two homicide detectives during a recorded interview played as evidence in his trial Wednesday.