ATR: Trudeau resigns, Land Prices Up, Cattle Vaccine Shortages with @KristjanHebert

About this episode

Recorded in direct response to Justin Trudeau's resignation as Canadian Prime Minister, this episode has Vance deliberately seeking out an unfamiliar Canadian co-host — Kristjan Hebert (@kristjanhebert), a Saskatchewan farmer and self-described "recovering accountant" — specifically to get a Canadian-farmer perspective on the political moment rather than relying on American punditry. Hebert's home turf (Fairlight/Mosman, Saskatchewan, two hours north of Minot, ND) grounds the conversation in cross-border agricultural economics as Trudeau's exit raises questions about Canadian trade policy continuity, supply management systems, and US-Canada agricultural relations under a leadership transition. The episode also covers rising farmland prices — a recurring 2024-25 ATR theme about whether land values are decoupling from farm income fundamentals — and cattle vaccine shortages hitting ranchers ahead of spring calving, a supply-chain story with direct near-term cost implications. Hebert's CPA background gives the land-price and input-cost discussion an unusually numbers-driven grounding relative to typical ATR guest commentary.

Key moments

• Vance's framing of deliberately seeking an unfamiliar Canadian voice to respond to Trudeau's resignation.
• Farmland price increases discussed against input cost and interest rate pressure.
• Cattle vaccine shortages threatening spring calving season economics.

Predictions made in this episode

• Trudeau's resignation will not produce a fundamental near-term shift in Canadian agricultural trade policy or supply management systems, given the entrenched bureaucratic and party structures underlying them.