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Rising wheat prices not a silver bullet for Alberta farmers

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Rallying global wheat prices — driven higher by Russia’s invasion of Ukraine — are leading some to wonder if Alberta producers will pivot their seeding plans in the coming weeks.

But farmers, who are already dealing with soaring costs, say those higher prices come with few guarantees, adding it may not convince many of their peers to shake up their plans.

Together, Russia and Ukraine account for around 30 per cent of global wheat exports, but the current conflict in the region means their production will be curbed. 

Lynn Jacobson, president of the Alberta Federation of Agriculture, said that while the chance for farmers to take advantage of

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