Blog – Farming and AG Equipment – May 2021 1. Diesel fuel - https://www.dieselforum.org/about-clean-diesel/agriculture 2. Food Prices - https://www.reuters.com/world/china/world-food-price-index-climbs-april-highest-since-mid-2014-fao-2021-05-06/ 3. Food supply - https://www.bloomberg.com/news/articles/2021-05-06/one-grain-is-keeping-the-world-s-food-crisis-from-getting-worse 4. Food Price Index - http://www.fao.org/worldfoodsituation/foodpricesindex/en/ 5. https://troymedia.com/business/canadas-food-security-depends-on-significant-policy-shifts/#.YJz5waEpBPY - Food manufacturing lacks investment, suffers from thin margins, faces additional grocers’ fees and must deal with aging facilities 6. Carbon tax and farmers - https://westernstandardonline.com/2021/05/https-westernstandardonline-com-2021-05-farmers-may-catch-a-break-with-proposed-carbon-tax-exemptions/ 7. Vertical farming - https://thebrockvilleobserver.ca/news/77133/global-vertical-farming-market-demand-and-future-trends-2021-to-2026-aerofarms-mirai-lufa-farms-gotham-greens-garden-fresh-farms-plenty-bright-farms/ 8. Income/Canada - https://www.ft.com/content/e9eef237-eb5f-4f64-ac60-12df66320358 9. Land Values - https://www.harvestpublicmedia.org/post/high-farm-incomes-lead-rising-land-values 10. Food chain - https://www.newswire.ca/news-releases/food-tech-innovator-notch-launches-as-first-all-in-one-solution-to-bring-the-entire-restaurant-supply-chain-online-with-the-tap-of-an-app-809210643.html

1. Agriculture
Equipment Sector –
Analysis and
Commentary
PAUL YOUNG CPA CGA
MAY 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. Commodity
Prices
SOURCE -
HTTPS://WWW.WORLDBANK.O
RG/EN/RESEARCH/COMMODIT
Y-MARKETS

6. Commodity
Prices
Source – Scotiabank -
https://www.scotiabank.com/
ca/en/about/economics/eco
nomics-
publications/post.other-
publications.economic-
indicators.scotia-flash.-may-
12--2021-.html

7. 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

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

15. 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.