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: New research chair appointed to accelerate crop variety development

Funded by Sask Wheat, the Wheat Pre-Breeding Chair position was established to enhance cereal research breeding and training activities in the USask Crop Development Centre (CDC) by accelerating variety development through applied genomics and pre-breeding strategies.

“As the research chair, Dr. Valentyna Klymiuk will design and deploy leading-edge strategies and technologies to assess genetic diversity for delivery into new crop varieties that will benefit Saskatchewan producers and the agricultural industry,” said Dr. Angela Bedard-Haughn (PhD), dean of the College of Agriculture and Bioresources at USask. “We are grateful to Sask Wheat for investing in USask research as we work to develop the innovative products that strengthen global food security.”

With a primary focus on wheat, Klymiuk’s research will connect discovery research, gene bank exploration, genomics, and breeding to translate gene discovery into improved varieties for Saskatchewan’s growing conditions.