Farms.com Home   Ag Industry News

Stats Can: Farm Input Costs On The Rise

Farm Input Price Index Rose 0.8 Percent In Q3 2012

By , Farms.com

The Canadian Farm Input Index rose 0.8% in the third quarter, according to Statistics Canada.

As for animal production, it rose 3.7% - which actually contributed to the rise in the overall index. While animal production input costs were higher, there was a decrease in crop production inputs by 1.7%. Since 2010, animal production has been the main contributor to growth.

The statistics collected were from across Canada and there was an index increase in eight provinces. Ontario and Quebec were the highest, with Ontario at 1.9% and Quebec at 2.5%. While Ontario and Quebec saw farm input costs rise, Saskatchewan and New Brunswick saw decreases – with Saskatchewan experiencing a decrease of 1.1% and New Brunswick by 0.1%.

Looking at the national average, farm input prices increased by 5.8% between Q3 of 2011 and Q3 of 2012.

More information can be found on Statistics Canada website.


Trending Video

Syngenta Ag Stories - Reanna Hagel, Channel Marketing Manager

Video: Syngenta Ag Stories - Reanna Hagel, Channel Marketing Manager

Growing up on a cow-calf operation and small feedlot near Lumby, BC, Reanna learned agriculture the hands-on way with her sister on the family farm. Today, as Channel Marketing Manager for Syngenta Canada, what Reanna loves most about her work is simple: the customer is always at the centre. Whether that's a grower or a channel partner, she understands them on a personal level - because she's the daughter of one. But for Reanna, supporting ag doesn't stop at her job. She volunteers with local 4-H clubs, lends a hand to her farming neighbours, and is raising her own kids to understand and respect the land. Her advice to the next generation? "It's an amazing time to be in the industry - it's going to look completely different in 20 years. To be part of the evolution is very exciting."