Boom and Bust Mustard Area
PANAMA - Apr 21/17 - SNS -- Canadian farmers intend to massively reduce the amount of mustard seed this spring, indicating area could plunge from 525,000 to 390,000 acres, according to Statistics Canada's seeding intentions estimate.
Farmers in Alberta say they will reduce seeded area from 135,000 to 105,000 acres, while growers in Saskatchewan intend to seed 285,000 acres, down from last year's 390,000.
Plantings have recently followed a boom and bust cycle, jumping from 365,000 to 500,000 acres in 2014, before crashing to 345,000 acres in 2015 and jumping back to 525,000 last year.
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