Farmers To Be Busy Planting Soybeans
The President of the Lambton Federation of Agriculture isn’t surprised by a recent report from Statistics Canada suggesting farmers will be planting more soybeans and less wheat, corn for grain and barley this year.
Ron MacDougall says the market for soybeans remains strong but prices have been falling for the other commodities.
MacDougall doesn’t expect much of a change in prices for the consumer but says the cost of soybean based products may raise a little bit.
Nationally, soybean acreage will increase 16.5 per cent from 2013 while corn for grain is down 8.7 per cent and barley is down 10.9 per cent.