With the low value of the Canadian dollar in recent months, there's a positive side our ag sector's enjoying. Farm production extension specialist Shawn Cabak outlines the picture.

"Because commodity prices are priced in U.S. currency, we have high crop stocks right now with soybeans, corn, and wheat. And that's actually brought down the world prices. But because the Canadian dollar is so low, that's kept our Canadian values higher for our grains, oilseed and livestock commodities. Farmers are netting a better dollar because of that lower Canadian dollar."

However, Cabak says the low dollar also has a negative effect for farmers.

"Though the low Canadian dollar helps our commodity prices, it does make inputs such as fertilizer out of the U.S., or machinery out of the U.S. more expensive, because now we're buying those inputs with a dollar that's only 70 or 71 cents like it is currently. It's really driven up some of those input costs, even though it has helped on the sale of some of our commodities in Canada."