THURSDAY, MARCH 7, 2013
VOL. 91 | NO. 10 | $4.25
KIDS + WATER = DANGER | P22
SERVING WESTERN CANADIAN FARM FAMILIES SINCE 1923
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Farm sector is thriving: Ag Canada
Oilseed stakes raised
Average value of net farm assets to hit record in 2013 BY BARRY WILSON OTTAWA BUREAU
Taking on canola | United Soybean Board teams with DuPont Pioneer, Monsanto
Program payments are falling and production costs are soaring, but the Canadian farm sector is poised to log a record $13.1 billion net cash income for 2012, says Agriculture Canada. It projects a softening of grain prices and therefore grain and oilseed farm net cash incomes this year, but livestock producers will see a bump in their bottom lines because of lower feed costs. Meanwhile, the department projects that the average value of net farm assets will hit a record $1.9 million in 2013. And while weather patterns and growing conditions cannot be predicted, a farm income outlook published by the department suggests the sector is in for a decade of good returns.
BY SEAN PRATT SASKATOON NEWSROOM
KISSIMMEE, Fla. — U.S. soybean growers are determined to win back the considerable market share they’ve lost to Canadian canola and other oilseed crops. The United Soybean Board, which administers the $88 million U.S. soy checkoff, is throwing its weight behind high oleic soybeans. The USB has entered into a partnership with DuPont Pioneer and Monsanto, two developers of high oleic soybean varieties, in an effort to recapture the 28 percent of the U.S. edible oil market taken over by canola and palm oil. “We’re going to be investing $60 million in the next five years into this program,” USB vice-chair Jim Call said during an interview at the 2013 Commodity Classic. The money will be spent encouraging farmers to grow varieties containing the high oleic trait and promoting the oil to end users in food and industrial markets. The goal is for high oleic varieties to comprise 30 percent of the 78 million acres planted to soybeans in the United Sates by 2020. Dave Dzisiak, commercial leader of grains and oils at Dow AgroSciences North America, which markets Nexera canola and omega 9 oil, said the battle is on for the edible oil market. “We got their attention, didn’t we?” he said. SEE OILSEED STAKES, PAGE 2
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SEE FARM SECTOR THRIVING, PAGE 3
MARCH 7, 2013 Return undeliverable Canadian addresses to: Box 2500, Saskatoon, SK. S7K 2C4
A rack of plastic pipes provides a unique perspective along machinery row at Ag Expo in Lethbridge. Southern Alberta’s largest agricultural trade show ran from Feb. 27 to March 1. | BARB GLEN PHOTO
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