March 12, 2009

Canadian canola yield breaking records

Despite gloomy economic conditions, Canadian canola growers are breaking records for production and profits, the growers' association announced in Toronto.

JoAnne Buth, president of the Canola Council of Canada told the annual convention of some 200 growers farm cash receipts from canola increased 42.1 percent in 2008 over the previous year, topping out at $4.9 billion, making it the top crop in farm cash receipts in Canada.

She said the average canola yield was a record 34.7 bushels per acre in 2008, for a record total of 12.643 million tons harvested on a record 16,040 acres.

The council has a target of 15 million tons of demand and sustainable production by 2015, the release said.

Noting the downward spiral in the overall economy, Buth said the numbers were worth bragging about.

We are normally rather modest about our successes, she said. But sometimes our industry needs to step forward and take credit for the milestones we have achieved.