mission impossible
THE RIGHT CUT
Edgar family proves asparagus can be grown in Alberta » PAGE 8
Niche markets key to making beef profitable » PAGE 3
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Flood damage less than feared Flooding was localized and limited, officials say, and some areas badly needed rain By Alexis Kienlen af staff
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post-flood heat wave was just what the doctor ordered for flooded producers in southern Alberta. “The hot weather is helping remarkably,” Doug Dueck, area manager for the south region of Agricultural Financial Services Corporation, said in early July. “Those that are completely under water, they’re not going to come back. We know that. There is some loss and in some areas, there is some significant loss. What we need is heat, and no rain for a week or two.” There was no immediate estimate of how much farmland was flooded, but the corporation didn’t experience a high volume of calls. “We have some flooding but it’s pretty localized. Folks in low-lying areas have got it worse than others,” said Dueck. “We don’t have an exact count on acres because we don’t have every farmer reporting to us.”
see FLOODING } page 6
G rain marketing:
file photo
Is it time to pull the trigger? Grain is moving, elevators are buying, and price forecasts aren’t rosy. Is it time to start selling this year’s crop? By Alexis Kienlen af staff
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imbey farmer Greg Service avoided the worst of the winter’s grain backlog. Although you couldn’t call him lucky — half of his acres were hailed out last year. “We got paid out by hail insurance, so cash flow wasn’t a big concern,” he said. “Mother Nature did my marketing for me.” So far, this year’s crop on his 3,200-acre operation (half is custom farmed) is doing well, but Service remains hesitant to pre-sell his crop until he has a firmer handle on what his production will be. “That’s my risk tolerance, I guess,” he said. At Palin Farms at Blackie just east of High River, cash flow hasn’t been a problem
wheat woes:
because most of last year’s crop was presold. More importantly, the farm was able to deliver grain. “All the elevators here are relatively close to the port, and the closest in some cases,” said Trevor Cox, an employee on the 10,500acre farm. “So getting cars never really seems to be a problem in this general area.” Still, they’re constantly watching the markets and looking for selling opportunities, he said. “As per usual, they’ll try to lock contracts in at prices they feel comfortable with. If they can’t do that, they’ll just sit on that until prices come up to where they want to see them.” The approach for both farms is typical of grain marketing in a normal year — but 2014 was supposed to be anything but. At the height of last winter’s gridlock, experts
were predicting a huge carry-over from the record Prairie grain harvest was going to clog the system well into 2015. Those views are moderating now, but uncertainty abounds.
Record movement
“Back in January, there was certainly more grain that had gone out of Alberta than had gone out of the other two (provinces),” said Mark Hemmes, president of Edmontonbased Quorum Corporation, the federal government’s grain monitor. “But in the time since then, there’s been so much grain moved. The West Coast, for instance, has set about three records and beat them over and over again these last eight (to) nine weeks.”
see GRAIN MARKETING } page 6
Why are major buyers complaining? } PAGE 7