Total farm cash receipts are forecast to increase in 2022, with large growth for crops but moderate growth for livestock and livestock products.
Countries around the globe are implementing export restrictions to reign in domestic food price inflation. This is upending trade, creating supply gaps and causing prices to rise further.
Grain, oilseed and pulses expected to stay profitable as crop and input price rise while low moisture in the prairies important to watch.
Total farm cash receipts are forecast to increase in 2022, with sectorial growth for crops, cattle and dairy but a small decline for hog.
The 2022 dairy outlook update shows climbing production costs while dairy consumption remains strong despite rising retail prices.
The FCC 2022 dairy outlook suggests higher producer prices, uncertain production growth and slower inflation in production costs.
Canadian grain, oilseed and pulse producers can expect positive margins for the 2021-22 crop year – but input prices and geopolitical turmoil cloud the outlook.
Canada’s broiler sector’s revenues continue to climb in response to sharply rising feed costs, increased production and a slow return to pre-pandemic consumption trends.
Canada’s hog and cattle producers will benefit from strong demand for red meat as high feed costs continue to hamper profitability.
From our November 2021 dairy outlook, sluggish demand and high feed prices continue to hamper profitability.