Canola farmers across the Prairies are on track to harvest a strong crop, but fear they might not see a big profit — if any — as tight margins are further squeezed by China's tariffs.
"It's a nice tidy surprise, I think, to see canola production come through as well as it has this year in spite of its challenges," said Rob Stone, who farms near Davidson, Sask., between Saskatoon and Regina.
"Not a gangbuster, but it's certainly not as disappointing as the crops of [20]21, '22 or '23."
However, Stone said the success in the field may not mean much for his pocketbook.
When it comes to cash revenue from crops, canola is typically among the most profitable. But that's taken a big hit this year.
China, which slapped a 75.8 per cent duty on Canadian canola seed last month, is Canada's large