Canadian farmers are anticipating large increases in the size of their canola, wheat and barley crops this year, setting them up well to benefit from a drought devastating the agricultural sector south of the border.
According to CBCNews, a Canadian news agency, the government issued new data Wednesday showing canola is set to hit an all time high this year.
Prairie farmers anticipate a record 15.2 million metric tonnes in 2012, besting the record of 14 million set last year. Farmers in all three Prairie provinces anticipate an increase in canola production, with the potential for records in Saskatchewan and Alberta.
"From a historical point of view, that size of crop we would see maybe once in a decade or so," Canadian Wheat board crop expert Bruce Burnett said.
Wheat is also forecast to do well, with total production expected to reach 24.8 million tonnes in 2012, up 9.7 per cent from 22.6 million tonnes in 2011. The increase is wheat is largely due to more acres being harvested.
The harvested area increased by 11.4 per cent this year to just under 22 million acres, Statistics Canada said. That was enough to offset a decline in output per acre, which has dropped from 42.1 bushels last year to 41.5.
Barley is sharply higher, anticipated to rise 23.8 per cent to nine million tonnes in 2012. That's due to a record 65.1 bushels per acre yield, but also an increase in the number of acres harvested.
Soybean production is anticipated to increase 3.7 per cent to just over 4.4 million tonnes and the production of corn for grain is anticipated to reach just over 11.7 million tonnes, up 9.5 per cent from last year's level.
All in all, it's setting up to be a banner year across all of Canada's field crops...
Source: Argentine Beef Packers S.A.
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