There is growing caution among analysts on where markets will land at and after harvest 2023, as some inflation pressures ease and prices drop. Input prices have pulled back, too, but for those who may still need to price product, the clock is ticking. Kevin McNew, vice president of research and chief economist for Farmers… Read More
Category: Economics
The expectation of Canada’s gross domestic product number (GDP) wasn’t great — analysts predicted 1.5% GDP growth in Q4; Farm Credit Canada was slightly more optimistic at 1.7%, but both expectations were off. The GDP growth for Q4 ended up being — wait for it — zero. J.P. Gervais, chief economist for Farm Credit Canada… Read More
Looking back over the past century, economic recessions have more often than not been preceded by a sharp rise in oil prices, as seen in the first half of 2022. Farmers and grain marketers should be looking to the energy market as a leading indicator for where other commodities are headed, according to a market… Read More
The Alberta government has launched a five-year Economic Development in Rural Alberta focused on key issues for rural Alberta. The plan includes economic development-enabling infrastructure, rural business supports and entrepreneurship, support for labour force and skills development, marketing and promoting rural tourism, and rural economic development capacity building. In the audio below, Nate Horner, Minister… Read More