Highlights from the MTO report include:
- The crop sector, particularly oilseeds, is projected to see increased production and exports.
- Moderate growth is expected for the Canadian livestock sector.
- Poultry demand is projected to remain strong, and production is projected to increase throughout the medium term while consumption of eggs in Canada is projected to continue to increase.
Together, the MTO and Data Book provide governments and industry with reliable information that can be used in policy development and strategic planning for the Canadian agriculture and food sector, which will help support its continued growth.
Overall, strong to moderate growth is projected for the agricultural sector. In 2018, the net worth of the average farm is expected to increase to $3.16 million and net cash income is forecast to be $15.6 billion, according to the 2018 Canadian Agricultural Outlook.