This spring marks one of the wettest springs ever for Western Canadian farmers. Around 30% of north eastern Saskatchewan (1 million acres) that is intended to be planted with canola, wheat and barley could go unplanted this spring. Dennis Haw (Business Development Lead at DynAgra) sent me an email this morning stating the following:
“When we flew into Regina last night it was clear and from the air all you could see was water flooded fields and only about 5% of the fields were green and the rest wasn’t touched.”
One million acres not being seeded has a huge impact on the agricultural sector in Saskatchewan. Most of the growers in that area would have already prebought their crop inputs, made equipment payments and paid rent for their land and incurred a number of other costs; to not have any revenue or cash flow from that land will be a hard one to swallow.