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FCC: Updated crop input outlook for 2024

As spring approaches many producers are still strategizing and finalizing their seeding plans, which means it’s time for an update from Farm Credit Canada (FCC) on the 2024 crop input market. At the farm level, FCC expects that expenses will come back down from their highs of 2023 but will remain elevated.

The bottom line? FCC predicts crop input demand will be impacted by seeding decisions as producers adjust to weaker crop prices, tighter margins, and dry conditions. The biggest wild card for crop inputs is global logistical challenges including Red Sea navigation that could increase global shipping rates, adding costs for crop inputs and resulting in lower demand at the farm level. |READ MORE