More than 70 per cent of farmers in Saskatchewan who took part in a recent survey said the novel coronavirus pandemic has caused or is expected to cause them financial hardship.
The farmers said it could result in lower commodity prices, lower revenue and reduced cash flow. Nearly half said they may not be able to pay their bills.
Another 53 per cent of the 262 farm operations that participated in the Agriculture Producers Association of Saskatchewan (APAS) survey released Monday said cash flow is an immediate financial need. “Farmers need cash to be able to get their crop in the ground this spring, and after the brutal last couple of years we’ve dealt with, reduced cash flow could really break people,” APAS president Todd Lewis said in a