Negotiating fertilizer reduction AND oat prices

A new report is warning of the potential loss in farm incomes in the billions of dollars if proposed fertilizer reductions come to pass. Meyers Norris Penny compiled the report which stated cutting fertilizer use to reduce on-farm emissions could cost growers nearly $48 billion over the next eight years. Karen Proud with Fertilizer Canada said under Canada’s A Healthy Environment and a Healthy Economy, the Government of Canada is envisioning a 30 per cent absolute emissions reduction target for on-farm fertilizer use by the year 2030. Proud will explain how MNP used the European Union (EU) proposal of a 20 per cent reduction of fertilizer and what the implications would be if Canada adopted the EU model.There has been a significant reduction in oat production because of the hot, dry conditions on the prairies. As a result, we are seeing record prices for oats. It's good news for the farmers who might have oats to sell, but what are the other implications as buyers look to other countries for product?Scott Sheils with Grain Millers will discuss current prices and where they're likely to head into 2022See omnystudio.com/listener for privacy information.