Saskatchewan farm groups are calling on the federal government to establish a national grain export sales reporting system, a move they say could generate more than $56 million in annual returns for Canadian grain farmers through improved market transparency and decision-making.
In a joint release Tuesday, the Agricultural Producers Association of Saskatchewan (APAS) and SaskCrops said producers here are at a significant information disadvantage compared to competitors in the US and European Union, where export sales reporting systems are already in place. Those systems provide farmers with timely, destination-specific data on grain sales, enabling better market forecasting and pricing decisions, the release said.
A study commissioned by the farm groups and undertaken by Winnipeg-based Mercantile Consulting Venture Inc. found that closing the information gap, could generate returns of up to $56.6 million annually for Canadian grain farmers.
“Enhanced data transparency would improve demand forecasting, operational planning and logistical efficiency for grain companies, processors and transportation providers, making Canada’s grain supply chain more resilient and making us a more reliable trading partner,” the release said.