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FCC: Crop input market considerations for 2024

Farm Credit Canada (FCC) has released its preliminary outlook for the 2024 crop input market. According to FCC, the drought in Western Canada and the excessive moisture levels in Eastern Canada will have a significant effect on fertilizer demand in 2024. Other issues to monitor as the 2023 season wraps up are the likelihood of El Niño continuing into next year, bringing more hot, dry weather, farm revenue trends driven by the drought, and interest rates. |READ MORE