While the Agricultural Producers Association of Saskatchewan (APAS) was pleased to see the federal government respond to tariffs on agricultural products more still needs to be done.
Ottawa offered a variety of supports for canola producers and APAS President Bill Prybylski said it is a step in the right direction; however, he is unsure whether the measures go far enough to fully compensate what producers are going to lose.
Prime Minister Mark Carney introduced an increase in the interest-free portion of the Advance Payments Program (APP) to $500,000. Prybylski said it will help producers with cash flow, should they need it.
“They have the option to lock the doors on the bins and hopefully wait and hope that the canola prices improve. But producers don’t necessarily need more debt,” he said. “It will help with flexibility to market their grain or wait to market their grain until things improve.”