New data from RealAgristudies confirms and quantifies the level of concern Canada’s farmers have regarding potential U.S. tariffs.
Fifty-nine percent of respondents expect proposed U.S. tariffs will negatively impact their businesses. Only seven percent think there won’t be an effect on their operations. Another seven percent aren’t sure what the impact will be. Farmers who primarily produce livestock are slightly more likely to expect an impact on their business than mixed or primarily crop-focused farmers. There isn’t much difference in how farmers see the potential impact when you compare age, farm size, and geography.
Overall, 88 percent of the survey respondents say they are very or somewhat concerned about the impact of tariffs on the Canadian economy. Only three percent of the respondents say they aren’t concerned. Livestock producers tend to see a trade war as more likely (88 percent) than mixed (72 percent) or primarily crop producers (75 percent).