Graeme Crosbie provided that message to producers attending the Farm Credit Canada Young Farmer Summit in Regina on Tuesday.

He says it is very important to utilize the tools and technology available to truly understand, as best as you can, your cost of production.

“When those price opportunities present themselves, you’ll feel much more comfortable locking in a potential return and being comfortable with that decision . . . rather than going off your gut feel.”

Crosbie believes Canadian economic growth this year will be sluggish at about 1.2 per cent, or less than half of normal.

An important event will be the review of the Canada/US/Mexico (CUSMA) trade deal in July. Crosbie says agricultural goods have been able to avoid Trump administration tariffs because of CUSMA. However, he notes the sector continues to face volatility and trade uncertainty.

“I guess the overarching theme is just the chaos is here to stay, maybe,” he said.

(With files from CKRM Regina)