Source: Ed White, Producer.com, January 17, 2019
It looks like a year of marginal profitability for Manitoba farmers.
Based on current costs, average yields and present forward prices for the big five crops, farmers should be able to squeeze a bit more money from their acres than it costs to farm them, according to Manitoba Agriculture’s Farm Management team.
“I really hope that $11 (per bushel for canola) is the new $10, because we get below $10, we get a lot of problems with profitability at average yields,” said Roy Arnott, speaking at St. Jean Farm Days.
