Profitability of dairy producers expected to drop in 2020 because of COVID-19.
Profitability of dairy producers is expected to climb in 2020 as domestic demand for dairy products remains robust.
Here is a summary of the impact of the coronavirus on the economy.
Profitability in the red meat sector is expected to be positive in 2020 as global demand remains robust.
The 2018 Canadian balance sheet of agriculture indicates despite weakening financial ratios, Canadian agriculture remains historically healthy.
The 2020 outlook of Canada’s grains, oilseeds and pulses sectors is driven by growing global supplies, trade tensions and slowing global economic growth.
FCC Ag Economics has created a quarterly demand index to measure Canadian consumption patterns and preferences for beef, pork and chicken.
A drop in 2018 farm revenues dampened inputs and equipment purchases in 2019. But possible Chinese demand and better mid-year growing conditions could brighten the year for agribusiness.
Canadian food manufacturing is a resilient, export-oriented and diverse industry. Census data shows about 240,000 jobs in food manufacturing, generating about 103 billion dollars in sales in 2018.
Profitability in the Canadian hog sector is projected to trend up slowly in 2020 amid continued trade tensions.