2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
3. Agenda
North American AG Equipment Sales
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
Debt
Summary
8. Food Prices
Canada Food Prices - https://cfjctoday.com/2020/07/30/food-prices-on-the-rise-amid-covid-19-
pandemic/ or inflation is surging - https://www.fool.ca/2021/03/20/inflation-is-surging-protect-
yourself/
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
Global Food Prices - https://reliefweb.int/report/world/food-prices-rise-sharply-january
9. 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
Net farm income, a broad measure of profits, is forecast to decrease $9.8 billion (8.1 percent) to $111.4
billion in 2021. In inflation-adjusted 2021 dollars, net farm income is forecast to decrease $12 billion (9.7
percent) in 2021 after increasing $37.8 billion (44.2 percent) in 2020 to its highest level since 2013. Despite
this decline, 2021 net farm income would be 21 percent above its 2000-19 average of $92.1 billion.
https://www.ers.usda.gov/topics/farm-economy/farm-sector-income-finances/highlights-from-the-farm-
income-forecast/
10. Top Farming States
Source - https://www.statista.com/statistics/196114/top-10-us-states-by-number-of-farms/
11. 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
12. Plastic Greenhouses / CO2
35% of China’s vegetables come from plastic green houses -
https://www.nextbigfuture.com/2021/03/plastic-greenhouses-provide-35-of-chinas-vegetables.html
Greenhouse farming - https://gulfnews.com/uae/environment/popularity-of-greenhouse-farming-
options-on-the-rise-1.842642
South Korea - https://www.hortidaily.com/article/9306173/overview-vegetable-horticulture-in-south-
korea/
Global Market - https://www.databridgemarketresearch.com/reports/global-plastic-greenhouse-
market
Ontario/Greenhouses - https://windsor.ctvnews.ca/ontario-government-investing-3-6-million-toward-
innovation-projects-in-the-greenhouse-sector-1.5285128
NZ and the Middle East - https://www.freshplaza.com/article/9307955/new-zealand-has-a-huge-tech-
opportunity-in-the-middle-east-s-growing-horticulture-industry/
13. 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/
Telecom/Farming - https://ca.finance.yahoo.com/news/agriculture-analytics-market-reach-2-133100885.html
Blockchain and Food Protection - https://blog.trustbix.com/how-blockchain-can-support-food-supply-chain-management
14. 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
17. 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.