Canola Input Costs in 2026: What It Takes to Grow the Crop That Still Drives Prairie Farm Revenue

Canola remains the single largest contributor to farm cash receipts across the Prairie provinces, accounting for more than 40 per cent of Saskatchewan’s total farm cash receipts and a comparable share in Alberta and Manitoba. The 2025 crop set a national production record at 21.8 million tonnes, breaking the previous high of 21.5 million tonnes set in 2017-18. Producers delivered that record on fewer harvested acres, with national yields reaching 44.7 bushels per acre — the highest average on record. But record output arrived alongside a trade crisis that hammered the farmgate price, and producers heading into 2026 are doing their cost-of-production arithmetic in a market where revenue potential is compressed at the same time input costs remain structurally elevated above pre-2020 levels.