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FCC: Perfect storm of factors brings profitability pressures

In their most recent update to the 2023 grains, oilseeds and pulses outlook, Farm Credit Canada (FCC) asks whether the tide has turned. The last three years have been good for Canadian crop producers: rising prices and strong margins have been hallmarks of the 2020s. But as margins are pressured by falling commodity prices, weather-impacted yields, and rising expenses, the 2023-24 crop year likely won’t be as positive. FCC’s July outlook identified global stocks levels, input costs, weather and geopolitical turmoil as profitability-related factors to monitor throughout the summer. With most crops in bins, FCC forecasts their various impacts on margins for the year ahead. |READ MORE