Statistics Canada (StatsCan) has released its gross domestic product (GDP) by industry numbers for August 2021, and it is no surprise that a lack of precipitation caused a significant drop in the agriculture, forestry, fishing, and hunting sector. The category dropped 5.7 per cent, following a 5.5 per cent decrease in July. StatsCan says the record-setting heat… Read More

Statistics Canada’s latest production estimates puts soybean production for 2021 down 7.4 per cent year over year to 5.9 million tonnes. Corn production is expected to climb, however, to 14.4 million tonnes in 2021. Much of that increase is from Ontario, where corn production is expected to increase 7.5 per cent to 9.6 million tonnes, on higher yields (+9.3 per cent… Read More

Canola production in Western Canada this year dropped to a level not seen since 2015, according to Statistics Canada’s final crop report of the year, published on Thursday (Dec. 3). The agency said national canola production fell from 19.6 million tonnes in 2019 to 18.7 million tonnes in 2020, as the average yield decreased 3.1… Read More

New data on farm cash receipts for the second quarter of 2020 sheds some light on the early impact the pandemic has had on farm income across the country and across different commodities. Livestock receipts were down $629 million — nearly 10 per cent — from April through June of this year versus the same… Read More

Statistics Canada’s Farm Product Price Index (FPPI) increased 1.4 per cent in December compared with the same month a year earlier, mainly due to higher hog and cattle prices. This was the first increase after three consecutive monthly year-over-year decreases. The FPPI measures the changes in prices that farmers receive for the agriculture commodities they… Read More