Drought in the U.S. Midwest pushes up seed costs

And the possibility that the Canadian Food Inspection Agency might outsource seed crop inspections may also have an impact on future prices


Like the many other materials and resources needed for growing crops, seeds have become more expensive over the past decade.

Roundup Ready corn seed varieties in Ontario in 2012, for example, cost nearly double per acre, on average, what seed corn cost for all varieties per acre in 2001, according to data from Statistics Canada and the University of Guelph Ridgetown Campus economics and business group’s Ontario Farm Input monitoring project (See Figures 1 and 2).

Those in the industry predict that prices will continue to rise in both the short and long term.

Better Farming - November 2012