Rise of food prices - http://www.fao.org/news/story/en/item/1366924/icode/ Wheat and China - https://www.producer.com/markets/china-remains-top-wheat-customer/?module=under-carousel&pgtype=section&i Bounce back of soya - https://www.producer.com/news/soybeans-to-bounce-back-in-2021/ Innovation / farming - https://dailyhive.com/vancouver/cubicfarms-vertical-farming-machines-automation Carbon tax - https://www.realagriculture.com/2020/12/adding-it-up-carbon-tax-will-cost-farmers-50-acre-of-corn-by-2022/

1. Agriculture
Equipment Sector –
Analysis and
Commentary
PAUL YOUNG CPA CGA
JANUARY 13, 2021

2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. Agenda
 North American AG Equipment Sales Oct/2020
 Commodity Prices
 AG Prices – Canada
 Preliminary Crop Estimates – Canada
 Oilseeds
 Energy Prices
 Carbon Tax
 Food Prices
 Farming Income
 Top Farming States
 Food Processors
 Technology and Farming
 Government and Farming
 Summary

4. North American Equipment Sales
Source - https://www.aem.org/Market-Data/

5. AG Prices – Canada
 Source - https://economics.td.com/canadian-agriculture-outlook

6. Crop Estimates – Canada
 Source - https://economics.td.com/canadian-agriculture-outlook

7. Oilseeds – Canada
 Source - https://economics.td.com/canadian-agriculture-outlook

8. Wheat – Canada
 Source - https://economics.td.com/canadian-agriculture-outlook

9. Energy Prices – Canada
 Source - https://economics.td.com/canadian-agriculture-outlook

10. Carbon Tax – Canada
 Carbon Tax / Farmers – Wheat Farmers - https://wheatgrowers.ca/
 Greenhouse growers / Carbon Tax Exemptions - https://www.greenhousecanada.com/bc-greenhouse-
growers-get-permanent-carbon-tax-relief-20363/
 Grain Dryer - https://www.world-grain.com/articles/13262-canadas-grain-dryer-program-tackles-
efficiency
 Carbon Tax hike? - https://www.sherwoodparknews.com/opinion/editorials/editorial-liberals-mum-on-
hiking-carbon-taxes/wcm/a55ed40c-d289-4023-802b-4d2a1335cdc5

11. Commodity
Prices
Source – BMO -
https://economics.bmo.com/
en/publications/detail/341ab
ac3-adf2-4a25-ad7f-
82a2a329f907/

12. Food Prices
 Canada Food Prices - https://cfjctoday.com/2020/07/30/food-prices-on-the-rise-amid-covid-19-
pandemic/
 USA Food Prices - https://www.reuters.com/article/us-usa-economy/us-consumer-prices-push-higher-
high-unemployment-likely-to-keep-lid-on-inflation-idUSKCN2581SA
 World Food Prices - https://www.ontariofarmer.com/business/farm-business/world-food-prices-rising
 Food Prices - https://www.thepigsite.com/news/2020/10/new-study-explores-food-prices-around-the-
world

13. Farm Income
 Farming Income in Canada has been struggling for the past few years -
https://www150.statcan.gc.ca/n1/daily-quotidien/191126/dq191126b-eng.htm
 USA farm income and aid - https://www.agriculture.com/markets/newswire/us-farm-income-expected-to-
rise-in-2019-but-only-because-of-government-aid
 AG subsidies - https://www.agriculture.com/news/business/world-farm-subsidies-hit-2-billion-a-day

14. Top Farming States
Source - https://www.statista.com/statistics/196114/top-10-us-states-by-number-of-farms/

15. Food Processors
 Source - www.fao.org or https://www.globenewswire.com/news-release/2019/09/04/1910664/0/en/Food-Processing-Market-to-Exceed-4-Trillion-
by-2024-Key-Trends-Analysis-Opportunities-to-Succeed.html

16. Technology and Farming
 AI is transforming farming - https://www.forbes.com/sites/cognitiveworld/2019/07/05/how-ai-is-
transforming-agriculture/#1fa34bec4ad1
 AI and farming - https://customerthink.com/the-role-of-artificial-intelligence-in-agriculture-sector/
 IBM and farming - https://farmtario.com/news/ibm-expands-artificial-intelligence-platform-into-
agriculture/
 RPA and Farming - https://blog.accubits.com/robotic-process-automation-in-agribusiness/
 IBM and Expert Farming - https://www.prnewswire.com/news-releases/farmplan-using-ibm-pairs-to-
predict-blackgrass-weed-before-it-damages-crops-301151067.html
 AG App - https://www.techrepublic.com/article/farming-assistant-app-agrolly-wins-ibms-call-for-
code-contest/
 Smart farming - https://farmingfirst.org/2020/10/transforming-agriculture-through-smart-farming-
from-data-ownership-to-open-data/

17. Government / Farming
 Elimination of trade barriers - https://www.slideshare.net/paulyoungcga/what-is-next-for-for-global-
trade-protectionism
 More emphasis on local supply chain management solutions -
https://www.slideshare.net/paulyoungcga/tranformation-of-supply-chains
 Tax fairness and regulatory reforms - https://www.slideshare.net/paulyoungcga/does-the-world-need-
a-wealth-tax
 Government provides direct subsidies and/or loans to farmers
 Government needs to revisit all their programs to ensure various programs are efficient and effective -
https://www.slideshare.net/paulyoungcga/market-food-protein-market-analysis-and-commentary or
https://www.oag-bvg.gc.ca/internet/English/parl_lpt_e_934.html or https://thetyee.ca/Opinion/2016/03/08/BC-
Carbon-Tax-Failure/
 Automation can help with automation of audits - https://www.slideshare.net/paulyoungcga/internal-audit-and-
performance-base-auditing

18. Summary
 All levels of government need to work together to better support the agriculture
and food processing sector
 The world needs to unite to fixed issues with WTO
 More balanced between environmental and economic policies.