Food and beverage sales peak over $80 billion in first half of 2023, Farm Credit Canada says

Sep 21, 2023

The first half of 2023 was kind for Canadian food manufacturers.

That’s according to Farm Credit Canada’s (FCC) mid-year update on its Food and Beverage Report which compiled data collected by Statistics Canada.

Sales from the start of January to the end of June totaled around $73.2 billion which is up 8.4 per cent from last year. Beverages brought in around $7.4 billion, bringing the total to over $80 billion.

“Considering the large increase in nominal sales, we see 2023 sales for the food and beverage sector at $164 billion,” read the report.

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Video: Winter Canola Trial in Mississippi | Can It Work for Double Cropping? | Pioneer Agronomy

Can winter canola open new opportunities for growers in the Mid-South? In this agronomy update from Noxubee County, Mississippi, Pioneer agronomist Gus Eifling shares an early look at a first-year winter canola trial and what farmers are learning from the field.

Planted in late October on 30-inch rows, the crop is now entering the bloom stage and progressing quickly. In this video, we walk through current field conditions, fertility management, and how timing could make this crop a valuable option for double-cropping soybeans or cotton.

If harvest timing lines up with early May, growers may be able to transition directly into another crop during ideal planting windows. Ongoing field trials will help determine whether canola could become a viable rotational option for the region.

Watch for:

How winter canola is performing in its first season in this Mississippi field

Why growers chose 30-inch rows for this trial

What the crop looks like as it moves from bolting into bloom

Fertility strategy, including nitrogen and sulfur applications

How canola harvest timing could enable double-cropping with soybeans or cotton

Upcoming trials comparing soybeans after canola vs. traditional planting

As more growers look for ways to maximize acres and diversify rotations, experiments like this help determine what new crops might fit into existing systems.