The rates are thrown to Canadian farm manufacturers in the crisis


By ed white

Regina, Saskatchewan (Reuters): Around a recent farm show in Canada, team sellers struggled to deal with deals with farmers concerned about rates.

With some combinations that cost more than $ 800,000, a rate surprise price hike would be a success that most farm budgets cannot be easily.

Canada saved the world’s wide rates of the Trump administration on April 2, but faces the rates for steel and aluminum exports in the United States, as well as to the Autos who did not meet the United States-Mexico-Canadian agreement on trade.

From Friday, Canadian farmers said they were unclear if the agricultural teams are subject to the functions or the Canadian retaliation rates. Sorting the details could take weeks.

In the meantime, the appetite of farmers for new combinations, tractors and other farm teams have fallen and manufacturers retire.

In March, Case IH, a Racine, Wisconsin -based agricultural team maker and owned by the Global CNH industrial giant, notified hundreds of workers in North Dakota and Minnesota of the layoffs. The company did not respond immediately to a comment request.

Uncertainty is scared of farmers to buy imported equipment from the United States, according to farmers and vendors in interviews.

In Saskatchewan, the Canadian province, where much of the spring wheat is cultivated, the canola and the hard of the country, farmers will be very cautious about capital spending, said Bill Prybylski, president of the Saskatchewan Agricultural Producers Association, with tens of thousands of members, while managing his Thumb to a Green Giant Giant. Green, John, John, John Deere, who combined the farm in March.

Any other place in the showrooms of the show, farmers kicked the tires and combined gatherer tracks, sowers, sprayers and rockpikers they would like to buy, but few did.

Manufacturers were also awaiting fears of being trapped on the wrong side of a rate.

“We now have a lot of balls in the air and we don’t really know where they are going to land,” said Derek Molnar, marketing director of Rockpicker’s manufacturer, Dealman Industries, in front of an exhibition of his brilliant yellow farm apparatus.

With machinery purchases often negotiated for months up to a year or more before birth, the risk that major rates could be taken into a product when it arrives is too expensive.

“Personally we went back” to the purchase of new farm machinery, said Gunter Jochum, a Manitoba farmer. “We decided to hang on our combinations longer.”

Jochum, like most farmers, buy machinery from around the world: Claas combines in Germany and the United States; Agco tractors and American box sprayers; A Canadian planting Bourgault.



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