Understanding Tariff Impacts on Alberta’s Agriculture Sector

Like many other sectors in our province, the agriculture sector in Alberta continues to face uncertainty due to potential and existing tariffs. The current volatile market is disrupting export markets and input costs, affecting farmers, consumers, and rural economies.

Key Concerns for Alberta’s Agricultural Producers

• Increased Input Costs: Tariffs could lead to higher prices for essential inputs like fertilizers and potash, directly impacting farmers' operational expenses.
• Disrupted Export Markets: Tariffs on key agricultural products could impede the flow of goods across borders. For example, the United States is a critical market for Canadian canola.
• Specific Commodity Vulnerabilities:
  • Canola: The imposition of tariffs could jeopardize canola oil exports and negatively affect prices received by farms.
  • Cattle and Beef: The live cattle industry is highly integrated between Canada and the U.S. Tariffs could disrupt this trade, affecting both feeding capacity in Canada and slaughter capacity in the U.S.
  • Food Processing Industry: The ag. sector is vulnerable, particularly concerning exports to the U.S., which is a major market for Canadian food products.

ATB Financial’s Commitment to Clients

Through both the good times and bad, ATB Financial continues to stand beside its clients. We understand the local market, because we live here, just like you do. We’re here for the long haul. Need some guidance or expertise, please reach out to your ATB Relationship Manager or learn more here.