U.S. tariff battles have allowed Canada’s agriculture industry to increase sales of soybeans and wheat to China, and pork to Mexico, reports The Globe and Mail.
But the same tariff battles are undermining commodity prices and eating into Canadian farmers’ profit margins even as they grab more market share.
In Canada, farmers have become bystanders hit by retaliatory strikes aimed at the United States.
The situation is bad enough to prompt Canadian soy and hog farmers to demand compensation from Ottawa. Soybean growers here, whose crop amounts to just 6% of U.S. output, say they are worse off than U.S. farmers, despite increased Canadian exports of the oilseed.
Read the full report here.
