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Re-thinking the future of labour in Canadian agriculture

What do farmers have in common with high-tech solutions, software and data-driven results? Everything, according to a recent RBC report, Farmer 4.0: How the coming skills revolution can transform agriculture.
 
The report highlights how Canada needs to grab hold of “the internet of farming.” It points out that Canada’s agricultural sector could be valued at $11 billion by 2030. To achieve this, the report recommends a complete re-think to ag education and focus more on both young people and a growing pool of new Canadians.
 
It says there could be as many as a 123,000-worker shortage by 2030, which comes on the heels of a looming retirement explosion from baby boomers.
 
The report was written before the COVID-19 pandemic outbreak in March, which upended food production and processing, supply chains and consumer demands. The fluid situation continues to impact agriculture, especially the workforce, where temporary foreign workers face self-isolation protocols when entering the country prior to starting work.
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U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!