Outlooks

Exploring the opportunities and risks for Canadian agricultural equipment dealers, manufacturers, and industry stakeholders for the 2023 harvest equipment season.

As the 2023 crop harvest is already nearing its halfway point, it’s time to look at what’s in store for the 2024 crop input market.

The Canadian commercial feed market grew over 20% in 2022, reaching a record $11.5 billion in sales.

U.S. milk glut keeps a lid on Canadian blended prices, but quantities are up – and should stay elevated as the race to replenish butter stocks continues.

The Canadian biofuel industry is forecast to grow over the next decade as mandates requiring increased ethanol, biodiesel and renewable diesel production come into force.

Feed costs and demand strength lead profitability uncertainty in our 2023 Cattle and hogs outlook update.

Despite uncertainty about weather impacts and the Russia-Ukraine conflict, major crop sector profitability should remain positive over the outlook period, with continuing strength of prices and decreasing farm input prices.

The 2023 crop input market will be characterized by high prices.

The cattle sector features margin upside while Canada’s eastern hog sector deals with the Olymel plant closure.

Dairy revenues have seen a small boost. However, input costs — particularly feed costs — will remain elevated for most of 2023.