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Grain prices remained lifeless over the past week. Prices are respecting the long term chart support they are sitting at, which unfortunately is near 10 year lows.
Trump today gave details on the $19 billion farm program, with $16 billion of that in direct payments to their farmers because of the low prices. It is very unfair that our government basically only gives lip service to our farmers, especially grain farmers.
Farm income in Ontario and Canada will take one it’s largest drops ever in 2020. The playing field is very unlevel with our American competitors. Farm groups are trying their best, but sadly it’s all falling on deaf ears.
This, despite the importance of agriculture to everyone and the economy. I suppose there’s just not enough votes in the farming community for the Liberal government to care.
Frank Backx. |
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