The cost of critical farm inputs such as fuel, fertilizer, feed, machinery, pesticides, land and labour increased dramatically. When coupled with high inflation, interest rates and a price on carbon for essential farming activities, for which farmers have no viable alternatives, Canadian producers are facing tremendous pressure on their farm financial and mental health.
The Canadian Federation of Agriculture (CFA) has put forward recommendations in several areas aimed at not only helping farmers manage the increasing cost of production and navigate challenging regulatory barriers, but also to help them mitigate the effects of climate change and support the next generation of farmers.
Canadian farmers play a crucial role in sustaining our rural communities, as stewards of our natural environment and in meeting our national and international food security needs. The following recommendations are aimed at ensuring Canada’s farmers have the flexibility and tools they need to weather the current financial climate and support the transition to a low emissions economy.