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April 2, 2025 - Navigating Tariff Challenges 

How Canada’s agriculture industry is adapting.

Canadian farmers and ranchers are facing increasing uncertainty as ongoing global tariff attacks threaten the agricultural sector. Rising trade tensions and protective policies, particularly from key trading partners like the U.S. and China, have put pressure on Canadian exports, from canola to pork. This is creating market instability and financial strain.

The imposition of retaliatory tariffs has led to blocked shipments, falling prices and, in some cases, cancelled contracts. These unpredictable shifts have left many farmers and ranchers feeling vulnerable, especially in an already challenging economic climate. 

“As primary producers, Alberta’s farmers and ranchers can’t do much to prevent a trade war,” said Darryl Kay, Agriculture Financial Services (AFSC) chief executive officer. “However, they can take steps to mitigate the impacts of tariffs as much as possible. AFSC’s risk management programs are designed to support producers when they face challenges and help them grow their businesses.”

To mitigate these risks, agricultural experts are advising farmers to adopt risk management strategies and understand the available resources out there. Expanding into domestic markets and finding new export opportunities can help buffer the impacts of tariff disruptions. Additionally, participating in government-backed programs, such as the AgriStability and AgriInvest programs, can offer much-needed financial support in difficult times.

Farmers are also encouraged to implement financial risk tools for price protection and income stability amid volatile markets. In this climate of uncertainty, proactive planning and smart risk mitigation strategies are key to ensuring the success of our local and national agriculture industry.

On March 7, 2025, the Government of Canada announced a suite of tariff support initiatives to help Canadian businesses weather the impact of potential tariffs imposed by the United States. The measures total over $6.5 billion in aid and include financial assistance programs, low-interest business loans, export market support and job-protection measures.

Farm Credit Canada (FCC) has been allocated $1 billion in new lending capacity. Through FCC’s “Trade Disruption” support program, eligible farmers, producers and food processors can obtain additional credit and flexibility. This includes access to a new credit line up to $500,000 and new term loans to help cover operating expenses. FCC current customers can request to defer principal payments for up to 12-months on their current loans. 

There is a new export development incentive program, called the Trade Impact Program. The goal of the program is to help Canadian exporters and their suppliers cope with lost U.S. sales and reach new global markets. Eligible businesses can access the Trade Impact Program by contacting Export Development Canada. 

Despite the challenges posed by the tariffs, Canada's agricultural industry remains resilient and innovative. With a strong foundation built on sustainable practices, world-class production standards, and a dedicated workforce, Canadian farmers and producers continue to lead the way in providing high-quality, trusted products to global markets. Together, we can overcome obstacles, adapt to new opportunities, and strengthen Canada's position as agricultural leaders.