THURSDAY, JANUARY 29, 2015
VOL. 93 | NO. 5 | $4.25
BATTLING RED TAPE | P76
SERVING WESTERN CANADIAN FARM FAMILIES SINCE 1923
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Special report
Why a falling loonie is good for farmers BY ED WHITE
Consumers want organic, so why are farmers wary? | P. 26-27
Land ownership Farmland board rules against investment group | P.16
WINNIPEG BUREAU
SEE FALLING LOONIE, PAGE 2
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THIS WEEK @PRODUCER.COM: CROP PRODUCTION WEEK INDEPTH FEATURE
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Canola variety development New variety offers protection against evolving clubroot | P. 14
u|xhHEEJBy00001pzYv!:; JANUARY 29, 2015 Return undeliverable Canadian addresses to: Box 2500, Stn. Main, Saskatoon, SK. S7K 2C4 The Western Producer is published in Saskatoon by Western Producer Publications, which is owned by GVIC Communications Corp. Publisher: Shaun Jessome Publications Mail Agreement No. 40069240
The sudden slump of the loonie is helping turn what once looked like a break-even year into something that could push farmers back into the black. The outlook for most farmers is much better than many expected last summer, even with livestock prices falling hard following recent records and crop prices well beneath levels of pre-2014 years. “It could be a really decent year,” said a pleasantly surprised J.P. Gervais, chief economist for Farm Credit Canada, who in the fall had expected a nearbreak-even 2015 for western Canadian farmers. “Overall, I think it’s really positive.” Many farmers agreed that the loonie’s fall to about the 80 cent level compared to the U.S. dollar bodes well for inciting demand and bucking up prices. “It’s helping out because it’s making it cheaper for people in the U.S.,” said Art Enns, a Morris, Man., farmer and president of the Prairie Oat Growers Association. The dollar’s slide, according to virtually all currency experts, is all about the collapse of oil prices. Since August, West Texas Intermediate crude oil futures have slumped from more than $105 per barrel to $45.