SASKATOON - A coalition of Saskatchewan producer groups is calling for the creation of an Export Sales Reporting Program to improve market transparency for farmers. Groups represented in the coalition include APAS, SaskBarley, SaskCanola, SaskFlax, SaskOats, Saskatchewan Pulse Growers, and Sask Wheat.
The producer groups believe Agriculture and Agri-Food Canada’s current review of the Canada Grain Act provides a significant opportunity to expand the Canadian Grain Commission’s (CGC’s) responsibilities to collect and disseminate data to improve market transparency.
Improving market transparency is a key issue for farmers as shown by resolutions passed at five Saskatchewan producer commissions’ Annual General Meetings in 2021. Recent market disruptions, changes in trade patterns, and lagging information on supply and demand dispositions have illustrated farmers’ need for timely marketing information to maximize returns and improve profitability.
Without timely available data on export sales, farmers are unable to accurately understand market dynamics and time their sales to improve profitability. This puts farmers at a distinct competitive disadvantage to other players in the supply chain who already have much of this information available to them. Additionally, export sales reporting would be valuable for commodities with no futures market or price discovery mechanisms available.