The Canadian Federation of Agriculture (CFA) was disappointed to see insufficient investment in agriculture in the 2024 budget. President Keith Currie said farmers continue to struggle under the weight of high-interest rates, a price on carbon for essential farming activities, and an increased risk of extreme weather events.
He said these challenges are testing the limits and effectiveness of risk management programs.But he said there were also some positives in the budget. The Competition Bureau has stated the proposed acquisition of Viterra by Bunge would have ‘substantial anti–competitive effects in agricultural markets in Canada.
The Bureau’s concerns are outlined in a report submitted to the Transport Minister Pablo Rodriguez.The Bureau determined that the transaction is likely to harm competition in markets for grain purchasing in Western Canada, as well as for the sale of canola oil in Eastern Canada. Saskatchewan Wheat development commission chair Jake Leguee said its a concern of many farm groups.
Leguee will also responds to the appointment of the new Chief Commissioner of the Canadian Grain Commission.
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