The markets aren’t easy to fool. But it’s hard to imagine farmers ever leaving behind this piece of farming culture. A century from now, we’ll probably still have farmers who want to believe they have a big crop coming, but won’t admit it — except to their creditors. | File photo

Can farmers fool markets with bogus yield estimates?

An entertaining part of being an agricultural journalist is trying to figure out how the crops are doing. If you ask a farmer, the traditional answer is: “Who’s asking? You or Statistics Canada?” It’s a humorous recognition that farmers don’t like to provide an accurate assessment to the federal crop surveyors. Why? Many think that […] Read more

Statistics Canada is forecasting 1.54 million tonnes of lentil production this year, while Saskatchewan Agriculture’s estimate is closer to 2.14 million tonnes. | File photo

Yield estimate discrepancy may be timing issue

Statistics Canada collected its information in August, while Saskatchewan Agriculture conducted its survey in October

The difference between federal and provincial government crop estimates might just be a matter of timing, says a government official. Statistics Canada has come under fire by market analysts for being way off on its yield and production estimates, especially for small-acreage crops such as pulses and special crops. For instance, it is forecasting a […] Read more