Spring is upon us, and in addition to the usual challenges and risks you face when planting a crop, this year we are also faced with the additional challenge of navigating an uncertain trade environment. The ripple effects are already being felt across several commodities, including canola, and while forage and turfgrass seed markets have yet to experience direct tariffs, we are not immune to the broader risks that could affect pricing of all commodities this season.
In times of uncertainty, risk management becomes paramount. At BrettYoung, we’ve spent years building a robust, diverse business that serves a broad range of customers both domestically and internationally. While we are not immune to the challenges of today’s market, our diversified approach helps us better navigate the risks and support you, our growers. Our team is also actively adjusting delivery schedules and strategically positioning inventory in key markets to protect both our customers and growers as much as possible.
Despite these uncertainties, global demand for forage and turf species has remained steady, and forage and turf seed production offers you the opportunity to participate in different markets, helping to manage risk.
The one thing we can always count on is the arrival of spring — and with it, the potential of a new crop. Most of our stands went into winter in strong condition and received excellent snow cover, which bodes well for a successful growing season ahead.
Perennial Ryegrass #
Significant perennial ryegrass inventories remain in the channel as acres have come down slower than expected in some regions. Larger inventories have resulted in some price pressure from sellers looking for cash flow, but continue to offer good value for Western Canadian growers versus other commodities. Perennial ryegrass establishments were strong heading into winter, and with a good amount of snow for insulation, they should have overwintered well. It will be exciting to see fields start to green up in the next few weeks.
Tall Fescue #
Tall fescue supplies remain high in Oregon, as growers have been slow to reduce acres, which has put some pressure on prices. At the same time we have seen strong demand for BrettYoung’s high-performing tall fescue varieties. We’re seeing steady movement, and we continue to grow our tall fescue business — an exciting opportunity for Western Canadian growers looking to diversify their operations.
Alfalfa Update #
Demand for alfalfa from Western Canada remains stable and inventories are low, so values are expected to remain consistent this year. As other commodities have taken a step back from record high values, alfalfa has continued a strong run, providing growers good returns.
Red Fescue #
Red Fescue demand remains slow and steady. Acres are down in Europe, which will help work through inventories, but European inventory will continue to dictate the export price and limit export opportunities until those piles are worked through.
Timothy Update #
Certified timothy demand is holding steady, giving growers the opportunity to secure a premium over common timothy. Common timothy growers seeking to capture higher returns should consider the certified timothy market as a solid option.
