Agrimart: Canada's farm commodity outlook good but not great

Jan 31, 2023

Canadian farmers should expect another good year for commodity prices, but not as good as the year just past.

Farm Credit Canada senior economist J.P. Gervais came to that conclusion in his annual farm outlook report.

“While 2022 brought its fair share of challenges for Canadian agriculture, one bright spot has been the healthy trend in farm cash receipts. We estimate they reached a record high of $94.5 billion in 2022, an increase of 14.1 per cent over 2021,” he said.

“Looking forward, we expect farm cash receipts to continue growing in 2023, although at a more moderate pace of 4.6 per cent. Robust farm cash receipts would be a positive development in 2023 to offset input costs that are anticipated to stay elevated throughout the year.’’

Breaking down cash receipts by region, Saskatchewan will have a 7.6 per cent increase to $29.24 billon — the highest of any region.

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Video: 2026 T.K. Cheung Lecture in Animal Science - Dan Weary

T.K. Cheung Lecture in Animal Science: "Using science to assess and improve the welfare of dairy cattle"

Dan Weary is a Professor at the University of British Columbia. Dan did his BSc and MSc at McGill and Doctorate at Oxford before co-founding UBC’s Animal Welfare Program where he now co-directs this active research group. His research focuses on understanding the perspectives of animals and applying these insights to develop methods of assessing animal welfare and improving the lives of animals. His work has helped drive changes in practices (including the adoption of higher milk rations for calves and pain management for disbudding) and housing methods (including the adoption of social housing for pre-weaned calves). He also studies cow comfort and lameness, social interactions among cows, and interactions between cows, human handlers and technologies like automated millking systems that are increasingly used on farms. His presentation will outline key questions in cattle welfare, highlight recent UBC research addressing them, and showcase innovative methods for improving the lives of cattle and their caretakers.