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Rising Dollar, Rising Interest Rates, Falling Farmers

June 21, 20/07
 
Two pieces of economic news this past week bode poorly for farmers, and both of them relate to factors far beyond their control. One is the continuing rise of the Canadian dollar against its American counterpart. The dollar neared 92 cents American, a level not seen since 1977. Many analysts are saying the loonie could reach par with the American dollar before the end of 2007. The second piece of news concerned Canada's inflation rate. The so-called core inflation rate hit 2.5% in April, furthering speculation that the Bank of Canada will raise interest rates.
 
Both situations have severe repercussions down on the farm. Grain on international markets is mainly priced in American dollars. Thus each increase in the value of the Canadian dollar effectively lowers the value of Canadian grain on export markets. Should the Canadian dollar reach par with the U.S.

Union Farmer Newsletters 2006

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Farm Women and Canadian Agricultural Policy

While women play a critical role in the day-to-day operation of Canadian farms, there has been no explicit effort to identify their policy needs or their vision of an inclusive Canadian agricultural policy.

Fowl play

The poultry industry's central role in the bird flu crisis

Backyard or free-range poultry are not fuelling the current wave of bird flu outbreaks stalking large parts of the world. The deadly H5N1 strain of bird flu is essentially a problem of industrial poultry practices.

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Union Farmer Newsletters 2005

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Oligopoly, Inc. 2005: Concentration in Corporate Power

etc group -- November/December 2005

It’s no secret that transnational corporations wield unprecedented power to shape social, economic and trade policies. Today we are witnessing ever more concentrated control over – not only the food system – but the products and processes of life and the fundamental building blocks of nature.

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Empowering Canadian Farmers in the Marketplace

A report by the Parliamentary Secretary to the Minister of Agriculture and Agri-Food -- July 2005

Table of Contents

  • Terms of Reference
  • Letter to the Minister
  • The Farm Economy in Crisis
  • Farm Income Consultations
  • Impact of Government Regulation
  • Improving Farm Income
  • The Need for Investment
  • Conclusion
  • Recommendations
  • Sources
  • Annex 1 - Government Actions Taken

Union Farmer Newsletters 2004

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The Farmers' Share: Compare the Share 2004

Centre For Rural Studies and Enrichment -- November 2004

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Union Farmer Newsletters 2003

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