Canadian agriculture sector remains strong

Cattle and hog prices are expected to remain at higher levels over the medium term and livestock producers will find some relief from the high 2012 grain prices.

Friday 28 February 2014 (4 years 6 months 26 days ago)
Like

Agriculture and Agri-Food Canada is anticipating a strong year for Canadian farmers in 2014. Three new reports , the Farm Income Forecast for 2013 and 2014, the Medium Term Outlook and the Farm Income, Financial Conditions and Government Assistance Data Book, 2013, suggest an overall positive situation for the agriculture sector in 2013 and 2014.

Farm Income Forecast for 2013 and 2014 Highlights

  • Canadian farmers produced a record crop of 96.5 million tons of grain in 2013 due to historically high yields and ideal weather conditions.
  • The average total income of farm families is expected to continue rising, reaching $132,579 in 2014.
  • Aggregate net cash income for 2013 is projected to total $13.2 billion, a near-record, while farm-level average net operating income is forecasted to increase to $68,498.
  • Program payments declined by 25% due to favourable production conditions in 2013 and generally healthy returns the last few years.
  • Average net worth per farm is projected to hit an all-time high of $2 million in 2014.

Medium Term Outlook Highlights

  • An increase is expected in prices for grains and oilseeds from the current lows as robust global growth and rising demand continues to support prices well above pre-2007 levels.
  • Although feed prices have declined from drought induced highs, they will remain relatively strong and continue to be the most significant cost component for the livestock sector.
  • Cattle and hog prices are expected to remain at higher levels over the medium term and livestock producers will find some relief from the high 2012 grain prices.
  • The Outlook projects that Canadian exports of agriculture and agri-food products will continue to expand on trend supported by economic growth in large emerging markets. Exports will continue to be important for the red meat sector.

Wednesday February 19, 2014/ Government of Canada.
http://news.gc.ca/

Swine news

Russia: Positive balance of the agricultural sector in 201607-Jun-2017 1 years 3 months 16 days ago

Article Comments

This area is not intended to be a place to consult authors about their articles, but rather a place for open discussion among pig333.com users.
Leave a new Comment

Access restricted to 333 users. In order to post a comment you must be logged in.

Not a registered user of 333?sign upand access swine prices, the search engine, ...
It is fast and free
Are you registered in 333?LOGINIf you've forgotten your password we'll send it to you here

tags

Swine News

Swine industry news in your email

You are not subscribed to this list

21-Sep-201814-Sep-201807-Sep-201827-Jul-2018

Log in and sign up on the list

Not a registered user of 333?sign upand access swine prices, the search engine, ...
It is fast and free
Are you registered in 333?LOGINIf you've forgotten your password we'll send it to you here