Mercosur represents a number of South American countries, including Brazil, Argentina, Uruguay, and Paraguay. However, it does not offer a reciprocal trading opportunity for Canadian beef farmers and ranchers.
High energy prices are kryptonite for the housing market. Affordability, especially for those first-time home buyers, is now an elusive dream until oil prices come down and interest rates come down.
A dairy operation that burns through $2 million in two years on $12 million in revenue has a structural problem, not a temporary one. A farm that accumulates $2 million in debt on $12 million in revenue is structurally losing money. Understanding why matters more than choosing a debt repayment strategy.
USDA estimates for major crops were largely unchanged from the previous month, resulting in muted market reactions. For wheat, the USDA maintained its U.S. production, supply, and ending stocks forecasts with no revisions. Global wheat production was adjusted slightly higher, largely due to increased output estimates in Ukraine and Kazakhstan, partially offset by a smaller Australian crop.
This literally could not be happening at a worse time. The conflict in the Middle East is choking global supplies of fertilizer right before the crucial spring planting season, affecting American farmers already squeezed for months by tariff wars and threatening the global supply chain of essential agricultural inputs.
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