(Toronto) Nutrien’s big boss, Ken Seitz, says Canada is poised to play a big role in global food production as climate change hampers agriculture and political and economic uncertainty weakens the global food supply chain.
Mr. Seitz made the comments at an Economic Club of Canada event in Toronto.
In his opinion, climate change is redrawing the map of global food production and Canada has a chance to become a key player in the fight against food insecurity.
The world is facing a double problem, said Seitz. “To feed a fast-growing world, we need to produce more food, and do it in a sustainable way. »
Nutrien is the world’s third largest producer of nitrogen and the largest producer of potash, two of the three most important plant nutrients used in commercial fertilizers.
Based in Saskatoon, the company owns six potash mines in Saskatchewan with a capacity in excess of 20 million tons and two major phosphate mines in the United States.
In Canada and around the world, climate change is making agriculture, an already unpredictable activity, even more volatile, Seitz said.
“Here in Canada, growers are experiencing wetter springs, hotter and drier summers, which is limiting our irrigation and water and all the resources we have to manage,” he said.
Mr. Seitz pointed out that farmers need support in the form of incentives to adopt technologies and new practices for more sustainable farming. Risk is a major hurdle for farmers, he argued, as they already face growing uncertainty and are making do with tight margins.
In 2021, Nutrien launched a new pilot project aimed at helping farmers reduce their greenhouse gas emissions, capture and store carbon and measure their improvements, and facilitate the purchase and sale of carbon credits.
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