Canada
April 14, 2014
Source: Syngenta Canada
New-crop prices may not be doing much to attract acres, but lower input costs and relatively easier movement may boost Prairie canaryseed planted area nevertheless.
Farmers may be more enticed to plant canaryseed this year when they look at the transportation problems affecting durum and wheat, said Kevin Hursh, the executive director of the Canaryseed Development Commission of Saskatchewan.
“People view canaryseed as maybe something that’s easier to move."
Canaryseed’s low nitrogen requirements are also an incentive to producers trying to cut back on fertilizer costs, Hursh added.
But as far as prices go, Hursh admitted canaryseed isn’t going to generate a lot of excitement right now. Old-crop prices in Western Canada are around 19 to 20 cents/lb, with new-crop from 18 to 19 cents.
“I don’t think anybody is really excited about that new-crop price," Hursh said.
Even so, today’s canaryseed prices still stack up relatively well against the alternatives.
“If you take average yields in Saskatchewan and government published expenses for growing various crops, C$5.50/bu durum was pretty much equal to 18 cents/lb canaryseed," Hursh said.
Source : DePutter Publishing Ltd.
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