'Saskatchewan's largest annual megaproject': Producers expected to invest over $11B seeding, caring for 2023 crops
More than $11 billion will be invested by farmers across Saskatchewan to get their crops into the ground in 2023, according to a report from Economic Development Regina (EDR).
EDR said the report takes into account the cost of seed, treatment, fertilizer and labour to land on the $11 billion total.
The $11 billion also focuses on three major crops, canola, spring wheat and lentils.
Canola makes up $5 billion, spring wheat $3.3 billion and lentils $922 million, according to EDR’s report.
The report says producers in Saskatchewan are expected to seed about 12 million acres of canola in 2023, a 3.7 per cent increase over 2022. Spring wheat will cover about 9.2 million acres in 2023, a 10 per cent increase from last year and 3.5 million acres seeded is expected to be lentils, which is down 7.7 per cent from 2022. However, EDR said it’s part of a trend taking place across Canada.
“Seeding is without question Saskatchewan’s largest annual megaproject,” EDR president and CEO Chris Lane said in a news release. “When you consider the impact of this work extending across our economy, it’s impossible to overstate the value of agriculture to our province and our city.”
According to the report, there were over 34,000 farms in Saskatchewan comprising more than 43 per cent of cropland in Canada.
Saskatchewan generated more than $18.4 billion in international sales and contributed over $82 billion to the province’s gross domestic product (GDP) in 2022, the report says.
The latest crop report from the provincial government said that Saskatchewan producers have now seeded 89 per cent of the 2023 crop.
The northwest region has 97 per cent of this year’s crop in the ground, followed by the west-central with 94 per cent and the southwest at 90 per cent.
The least seeded part of the province is currently the southeast, however, 80 per cent of the crop is in the ground in that region, the province said.
EDR’s full report can be read here.
CTVNews.ca Top Stories
NEW From yearning for a change to cost of living, why some Canadians have left or may leave the country
For some immigrants, their dreams of permanently settling in Canada have taken an unexpected twist.
NEW Capital gains tax change 'shortsighted' and 'sows division' business groups tell Freeland
Forging ahead with increasing Canada's capital gains inclusion rate 'sows division,' and is a 'shortsighted' way to improve the deficit, business groups are warning Finance Minister Chrystia Freeland.
Here are the ultraprocessed foods you most need to avoid, according to a 30-year study
Studies have shown that ultraprocessed foods can have a detrimental impact on health. But 30 years of research show they don’t all have the same impact.
Documents reveal Canada praised Haitian sanctioned over alleged gangland connections
A Canadian diplomat and an RCMP officer heaped praise and gratitude on a sanctioned Haitian businessman that Global Affairs accuses of gangland connections, after he allowed a helicopter airlift of Canadian citizens and police at his luxury golf course last month, emails provided by his lawyers suggest.
Blind Sask. boy heading to international braille competition hopes to increase accessibility for visually impaired
A Saskatchewan boy who qualified for an international braille competition in Los Angeles next month hopes he can inspire change in his home province.
Police handcuff man trying to enter Drake's Toronto mansion
Toronto police say a man was taken into custody outside Drake's Bridle Path mansion Wednesday afternoon after he tried to gain access to the residence.
Minister said 'hundreds' of Canadians might use Gaza visa. More than 7,500 applied.
An immigration lawyer in Toronto says new figures from the federal government show just how 'grudging' Ottawa's efforts have been to rescue Canadians' family members from the war in the Gaza Strip.
Canucks claw out 5-4 comeback win over Oilers in Game 1
Dakota Joshua had a goal and two assists and the Vancouver Canucks scored three third-period goals to claw out a 5-4 comeback victory over the Edmonton Oilers in Game 1 of their second-round playoff series Wednesday.
U.S. presidential candidate RFK Jr. had a brain worm, has recovered, campaign says
Independent U.S. presidential candidate Robert F. Kennedy Jr. had a parasite in his brain more than a decade ago, but has fully recovered, his campaign said, after the New York Times reported about the ailment.