High crop prices mean big profits

Near record crop prices are fuelling the possibility of a profitable growing season, as Fort Saskatchewan-area farmers prepare for spring seeding.

“With canola fluctuating from around $14.50 per bushel, and barley averaging about $5.30 in March, farmers are hoping the weather cooperates better this year — so they can cash in on these high prices with bumper crops,” explained Lorelei Hulston, provincial insurance manager for Agriculture Financial Services Corporation (AFSC), which administers crop insurance in Alberta on behalf of the provincial and federal governments.

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