2023 Crop Will be Most Expensive Yet: FCC

Feb 07, 2023

This year’s Canadian crop will be the most in expensive in history, with input sales expected to move higher yet, Farm Credit Canada (FCC) is forecasting.

In a website post Tuesday, FCC senior economist Leigh Anderson pegged 2023 total crop input sales (fertilizer, chemicals, seed, and fuel) at $23.1 billion, a nearly 6% increase over last year.

“Overall, demand for crop inputs remains robust, supported by strong farm cash receipts, even if commodity prices soften from peak levels,” Anderson wrote. “The 2023 crop will be the most expensive ever planted.”

For this past year, the Canadian crop input market (fertilizer, chemical, seed, and fuel) is projected to have grown 26.1% in 2022, reaching an estimated record $21.8B in sales. Most of the growth was driven by increases in fertilizer and fuel prices, stemming from global supply chain disruptions and the war in Ukraine.

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Video: Agriculture Secretary Rollins Speaks at American Farm Bureau Federation Convention in Anaheim

One of the highlights at the 2026 American Farm Bureau Federation Convention in Anaheim, California, was an address by U.S. Secretary of Agriculture Brooke Rollins. During her remarks, she thanked America’s farmers and ranchers and said the Trump Administration is fully aware that food security is national security.

She also acknowledged the challenging times in Farm Country with low commodity prices and high input costs and said that’s why the President stepped in to help with the recent Bridge Assistance Program.

Montana Farm Bureau Federation Executive Vice President Scott Kulbeck says that Farm Bureau members are appreciative of the help and looks forward to working with the American Farm Bureau Federation and its presence in Washington, DC to keep farmers and ranchers in business.

Secretary Rollins said the Trump Administration is also committed to helping ranchers build back America’s cattle herd while also providing more high-quality U.S. beef at the meat case for consumers.

And she also announced more assistance for specialty crop producers who only received a fraction of the $12 billion Farmer Bridge Assistance (FBA).

It’s important to note that producers who qualify for Farmer Bridge Assistance can expect the Farm Service Agency to start issuing payments in late February. For more information, farmers and ranchers are encouraged to contact their local USDA Service Center.