Canadian canola farmers are facing uncertainty due to retaliatory tariffs from China and ongoing threats from the U.S., affecting the canola crop season. The 100% tariff on canola oil and meal has led to volatility in prices, raising concerns among farmers like Margaret Rigetti. As Canada exports 90% of its canola, worth over $43 billion, the stakes are high for the industry. With significant annual exports to China and the U.S., the potential impact on production and profitability weighs heavily on farmers' decisions this planting season.
"There's a lot of unknowns. It really leaves us wondering if planting this canola crop is the right thing to do."
"We seem to be in the crosshairs of two global superpowers having a trade war, and they both happen to be our biggest customers."
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