Canada’s leading agriculture lender is warning producers to check their risk management plans in light of increased trade tensions between two of the world’s largest economies and the Bank of Canada’s decision to increase domestic interest rates.
“I think it’s time to really raise the bar in terms of risk management,” Farm Credit Canada’s Chief Economist JP Gervais told iPolitics Thursday.
He said farmers and ranchers need to have a plan to protect their operations against financial, production and marketing threats given the current trade environment.
“The demand for commodities that we sell is absolutely strong and robust,” Gervais stressed.
“That’s the most positive thing to say about the agriculture sector. In that sense, I don’t think producers need…
