\u0022You can\u0027t lose money for that many years and still be a viable operation.\u0022
Farmers will increasingly struggle with profitability amid the unpredictable seasons as climate change makes drought, flooding and wildfires more common, they say.We deliver the local news you need in these turbulent times on weekdays at 3 p.m.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
That year, Canadian farmers sold thousands of extra cattle in the fall to make up for a shortage in feed due to the impacts of extreme weather, said Stuart Smyth, associate professor in the College of Agriculture and Bioresources at the University of Saskatchewan.When Canada runs low on corn or feed it imports from the U.S., and it did so in large numbers that year, said Dennis Laycraft, executive vice-president of the Canadian Cattle Association.
While this means more beef is being produced in the short term in both Canada and the U.S., it means supply will eventually go down as herds get smaller, and farmers will send fewer cattle to slaughter while they try to rebuild their herds, he explained.Article content But because of inflation and continued high demand for beef, farmers are still seeing elevated prices for their cattle, further incentivizing them to reduce their herds, said Sobool.That’s likely to remain the case, and could affect prices along the supply chain all the way to retail, he said.
Climate change has increased the likelihood of some types of extreme weather across the country, including wildfires and flooding, while drought soil moisture deficits in the Prairies and British Columbia are expected to become more frequent and intense as time progresses, according to Environment Canada.
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