Canada

Rising Food Prices and Operating Costs Are Plenty for Farmers’ Plate

Canada’s agriculture sector is grappling with soaring demand, rising costs, and a worker shortage while also facing pressure to reduce its carbon footprint.
Rising Food Prices and Operating Costs Are Plenty for Farmers’ Plate
Members of the Reid family harvest their wheat crop near Cremona, Alta., on Oct. 1, 2020. Canada is the world's sixth-largest producer and one of the largest exporters of wheat, annually producing an average of over 25 million tonnes and exporting around 15 million tonnes. The Canadian Press/Jeff McIntosh
Rahul Vaidyanath
|Updated:
News Analysis

Canada’s agriculture sector is grappling with soaring demand, rising costs, and a worker shortage while also facing pressure to reduce its carbon footprint.

“Inflation is going to become an issue,” Sylvain Charlebois, professor at Dalhousie University and senior director of the Agri-Food Analytics Lab, told The Epoch Times.

The prices of all kinds of agricultural commodities, like corn and soybeans, are skyrocketing. The Bloomberg Agricultural Spot Index, which measures the price movements of agricultural goods, is up over 20 percent in 2021 and is at its highest level since 2013.

Rahul Vaidyanath
Rahul Vaidyanath
Journalist
Rahul Vaidyanath is a journalist with The Epoch Times in Ottawa. His areas of expertise include the economy, financial markets, China, and national defence and security. He has worked for the Bank of Canada, Canada Mortgage and Housing Corp., and investment banks in Toronto, New York, and Los Angeles.
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