logo
‘It feels personal': Canadian farmers cope with Chinese tariffs on canola and peas

‘It feels personal': Canadian farmers cope with Chinese tariffs on canola and peas

Global News27-04-2025

Canola runs deep on Margaret Rigetti's farm in southern Saskatchewan.
Her grandfather was among the first to grow the bright yellow flowering crop in the 1970s, and it has been a staple ever since.
'For a large part of Saskatchewan, the farm economy has been driven by canola,' Rigetti, a director with SaskOilseeds, says in an interview on her land near Moose Jaw.
'It feels personal when people come after canola, just because it's such a Canadian story, such a western Canadian story, such a Saskatchewan story and such a story that's right here on my farm.'
China hit Canadian farmers with 100 per cent tariffs on canola oil, canola meal and peas in retaliation to Canada slapping Beijing with levies on Chinese-made electric vehicles, steel and aluminum.
Producers are also caught with uncertainty around U.S. President Donald Trump's tariffs. Trump has imposed levies on Canadian aluminum, steel and automobiles, while musing about applying additional duties.
Story continues below advertisement
Products that fall within the Canada-U.S.-Mexico agreement, including agricultural and energy goods, are not subject to U.S. tariffs. Canada has retaliated with countermeasures.
Rigetti has the TV news on in her living room. She says she's been watching it more often to keep up with the latest developments.
Get breaking National news
For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy
'We've seen challenges before, but we've never been in the crosshairs between our two biggest trading partners,' she says.
She pulls out a book of her family history, flipping to a page with an image of a combine picking up canola swaths. Underneath, an excerpt reads, 'The new crop that changes everything.'
Canola is a portmanteau word combining Canada and ola, which means oil. Saskatchewan and Manitoba researchers developed the crop in the 1970s to address erucic acid issues in its predecessor, rapeseed.
Canola is used for cooking oil, high-protein animal feed and biodiesel. The crop's development led to the boon it is today for farmers' pocketbooks, with more than half of it grown in Saskatchewan.
In Rigetti's yard, there are massive steel bins where her husband and son empty dark brown canola seeds into a truck. They're off to deliver the product to a grain terminal.
Rigetti says her son will plant his first field of canola this year.
Story continues below advertisement
'We have to be careful to keep things in perspective and not scare our kids,' she says.
'I do try to keep the focus on what we can actually control, which is planting a crop, growing the best crop we can grow, manage our costs and manage our mental health.'
At a farm near Fillmore, southeast of Regina, producer Chris Procyk says history is repeating itself.
'We are unfortunately once again caught in the middle of a trade dispute that we didn't cause or we didn't create, and we're left paying the bill,' says Procyk, vice-president of the Agricultural Producers Association of Saskatchewan.
He also says there would be greater problems if the U.S. imposes levies on agricultural goods. Canadian crops and potash go south and farm machinery comes up north.
Procyk says the federal government should provide financial aid or other supports to farmers who have been affected by the trade war.
'There's not really a place to pivot,' he says. 'The whole farm is under a trade dispute, and we don't have control of how these things play out.'
Farms have faced headwinds from China before.
In 2019, Beijing blocked Canadian canola imports from two companies, citing contamination issues, though the move was believed to be in response to Canada detaining Meng Wanzhou, a Chinese business executive. Canadians Michael Spavor and Michael Kovrig were also detained in China days after Wanzhou's arrest.
Story continues below advertisement
Wanzhou and the two Canadians were released to their countries in 2021. China lifted its ban on canola the next year, but it's estimated the Canadian economy lost about $2 billion as a result of the dispute.
'Farms can withstand some short-term pain,' Rigetti says. 'If it goes on longer, it calls things into question.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Israel Strikes On Iran Dip Canada's Index Futures Down
Israel Strikes On Iran Dip Canada's Index Futures Down

The Market Online

time13 minutes ago

  • The Market Online

Israel Strikes On Iran Dip Canada's Index Futures Down

Canada's main index futures slipped Friday as investors pivoted to safe-haven assets in response to Israel's broad military offensive against Iran. Market Numbers (Futures) TSX :Down ( 0.40%) 26,509.29TSXV: Up (0.037%) 721.79DOW: Down (0.97%) 42,572.00NASDAQ: Down (1.19%) 21,672.00 FTSE: Down (0.19%) 8,867.87 In the Headlines: Israel launched strikes on nuclear and missile sites in a bid to block Tehran's atomic ambitions, prompting a fierce response from Iran, which unleashed over 100 drones in retaliation. And A senior adviser to Kamala Harris' 2024 presidential campaign is joining Coinbase's global advisory council as the cryptocurrency exchange broadens its political reach Currencies Update: (Futures) The Canadian dollar is down 0.18% to $0.7325, gaining momentum to the Euro by 0.44% to $0.6400 and Bitcoin breaks off another 1.74% to 143,230.66 Commodities: (Futures) Natural Gas: Up (1.30%), 3.54WTI: Down (5.51%), 71.75Gold: Up (1.12%), 3,422.65 Copper: Up (0.30%) 6.02 To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here

Ten-bagger Founders Metals grows stake in flagship project
Ten-bagger Founders Metals grows stake in flagship project

The Market Online

time13 minutes ago

  • The Market Online

Ten-bagger Founders Metals grows stake in flagship project

Ten-bagger Founders Metals (TSXV:FDR) successfully completed all requirements under stage 2 of its option on the 20,000-hectare Antino gold project in Suriname, increasing its stake from 51 to 70 per cent Antino has produced over 500,000 ounces of gold from surface and alluvial mining to date Founders Metals stock has added 113.73 per cent year-over-year, more than doubling gold's approximately 45 per cent effort, and remains up by more than 1,000 per cent since 2022 Ten-bagger Founders Metals (TSXV:FDR) successfully completed all requirements under stage 2 of its option on the 20,000-hectare Antino gold project in Suriname, increasing its stake from 51 to 70 per cent. According to Friday's news release, stage 2 saw Founders make cash payments of US$1.5 million, incur US$10 million in exploration expenses, issue 95,000 shares and produce a conceptual study similar to a preliminary economic assessment, all within two years of completing stage 1 of the agreement. Founders may now either enter a joint venture with Nana Resources, one of the optionors, or proceed to stage 3, which will increase the company's stake to 75 per cent in exchange for incurring another US$10 million in exploration expenses and completing a bankable feasibility study. The company's diligent exploration and development at Antino since optioning the project in 2022, including a steady stream of high-grade gold across numerous mineralized zones, has resulted in an over 1,000 per cent return to date, granting it ten-bagger status with ample room to run on the path to resource delineation. Founders is progressing through a fully funded 60,000-metre drilling program at Antino in 2025. Leadership insights 'We are thrilled to formally exercise our right to acquire 70 per cent of Antino, further strengthening our position as the project's majority owner,' Colin Padget, Founders Metals' president and chief executive officer, said in a statement. 'Completing stage 2 is a major de-risking milestone and reflects our confidence in Antino's exceptional potential. Additionally, we are excited to provide a detailed update in the coming days on all major exploration targets. We remain committed to maximizing shareholder value as we continue advancing the Antino gold project's world-class potential through our 60,000 metre 2025 drill program.' Founders Metals is a Canadian-based junior miner focused on its Antino gold project in Suriname, which has produced over 500,000 ounces of gold from surface and alluvial mining to date. Founders Metals stock (TSXV:FDR) opened with a loss of 1.36 per cent trading at C$4.36. The stock has added 113.73 per cent year-over-year, more than doubling gold's approximately 45 per cent effort. Join the discussion: Find out what everybody's saying about this ten-bagger junior gold stock on the Founders Metals Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

Digital Museums Canada's 2025 Call for Proposals opens June 15 Français
Digital Museums Canada's 2025 Call for Proposals opens June 15 Français

Cision Canada

time16 minutes ago

  • Cision Canada

Digital Museums Canada's 2025 Call for Proposals opens June 15 Français

GATINEAU, QC, June 13, 2025 /CNW/ - The Digital Museums Canada 2025 Call for Proposals will open in two days! As of June 15, eligible museums and heritage, cultural and Indigenous organizations are invited to apply for up to $250,000 in funding from Digital Museums Canada. Over $2 million in funding is available to create online projects, develop digital capacity, and reach new audiences through digital storytelling. Digital Museums Canada (DMC) is an investment program managed by the Canadian Museum of History. Organizations can choose from one of two investment streams: Digital Projects With an investment of up to $250,000, develop an online project from the ground up with the support of a web development agency. Community Stories With an investment of $25,000, use DMC's user-friendly website-building platform to create an engaging story. Starting in September, DMC will also offer a robust application assistance program to help applicants strengthen their funding applications. This includes Information Sessions, Office Hours, and Mentorship Chats. Digital Museums Canada is the largest investment program of its kind in the country, having provided over $22 million in funding to more than 275 projects to date. It offers Canadian museums and heritage organizations funding, expert guidance, and user-friendly tools to tell stories on a variety of online platforms, such as virtual exhibitions and tours, online games, web apps, and educational resources. DMC is committed to online accessibility as well as to advancing equity, diversity and inclusion in the heritage sector. The 2025 Call for Proposals closes on December 1. Managed by the Canadian Museum of History, the Digital Museums Canada (DMC) investment program helps build digital capacity in museums and heritage, cultural and Indigenous organizations across Canada, offering unique access to diverse stories and experiences. For more information, visit Follow us on Facebook or LinkedIn. If you would like to have your name removed from our distribution list, or if this information should be directed to someone else, please send us an email.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store