The current impact of COVID-19 on the Agriculture Sector

3 months ago

From: https://www.agritecture.com/blog/2020/3/23/6-impacts-of-covid-19-on-agriculture


Notes from discussion with County Farm Centre:

  • Falling commodity prices for corn and soybeans, especially corn due to zero demand for ethanol/gas.
  • Many farmers in The County booked their crop prices back in the fall, so are unaffected by low prices for now.
  • Local slowdowns on delivery of critical fertilizer, fuel and other inputs have not been as bad as anticipated.
  • $.70 CAD dollar has been very good at keeping things somewhat profitable for Canadian Farmers compared to U.S. farmers.
  • Spring weather has been very cooperative for planting preparation in early May, critical for good yield & profitability for local farmers.

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