2. Paul Young - Bio
โข CPA, CGA
โข Academia (PF1, FA4 and MS2)
โข SME โ Risk Management
โข SME โ Close, Consolidate and Reporting
โข SME โ Public Policy
โข SME โ Emerging Technology
โข SME โ Financial Solutions
โข SME โ Business Process Change
โข SME โ Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. Agenda
๏ต North American AG Equipment Sales / July 2020
๏ต Commodity Prices
๏ต Food Prices
๏ต Farming Income
๏ต Top Farming States
๏ต Food Processors
๏ต Technology and Farming
๏ต Government and Farming
๏ต Summary
7. Farm Income
๏ต Farming Income in Canada has been struggling for the past few years -
https://www150.statcan.gc.ca/n1/daily-quotidien/191126/dq191126b-eng.htm
๏ต 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
๏ต AG subsidies - https://www.agriculture.com/news/business/world-farm-subsidies-hit-2-billion-a-day
8. Top Farming States
Source - https://www.statista.com/statistics/196114/top-10-us-states-by-number-of-farms/
9. Food Processors
๏ต 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
10. Technology and Farming
๏ต AI is transforming farming - https://www.forbes.com/sites/cognitiveworld/2019/07/05/how-ai-is-
transforming-agriculture/#1fa34bec4ad1
๏ต AI and farming - https://customerthink.com/the-role-of-artificial-intelligence-in-agriculture-sector/
๏ต IBM and farming - https://farmtario.com/news/ibm-expands-artificial-intelligence-platform-into-
agriculture/
๏ต RPA and Farming - https://blog.accubits.com/robotic-process-automation-in-agribusiness/
11. Government / Farming
๏ต Elimination of trade barriers - https://www.slideshare.net/paulyoungcga/what-is-next-for-for-global-
trade-protectionism
๏ต More emphasis on local supply chain management solutions -
https://www.slideshare.net/paulyoungcga/tranformation-of-supply-chains
๏ต Tax fairness and regulatory reforms - https://www.slideshare.net/paulyoungcga/does-the-world-need-
a-wealth-tax
๏ต Government provides direct subsidies and/or loans to farmers
๏ต 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/
๏ต Automation can help with automation of audits - https://www.slideshare.net/paulyoungcga/internal-audit-and-
performance-base-auditing
12. Summary
๏ต All levels of government need to work together to better support the agriculture
and food processing sector
๏ต The world needs to unite to fixed issues with WTO
๏ต More balanced between environmental and economic policies.