This document contains an agenda and summary for a presentation on farming and profitability in Canada. The key points are:
1) Farm incomes have declined in recent years due to factors like commodity prices, increased taxes and regulations under the Liberal government, and trade issues.
2) Ontario and Quebec farmers have struggled more than others due to high costs like hydro rates and changes to labor laws.
3) New technologies like vertical farming and use of IoT sensors and data analytics promise to make agriculture more efficient and profitable.
Farming plays a vital role in terms of supporting the economy, especially the food chain. Farmers constantly are impacted by commodity prices along with govt policies.
What is next for Agriculture and Farming Sector in Canada paul young cpa, cga
This document provides an overview and agenda for farming in Canada. It discusses topics like commodity prices, farm income, the impact of liberal government policies, carbon taxes, and emerging areas like vertical farming and the use of analytics. Specifically, it notes that commodity prices impact farmers' ability to sell products and that liberal policies have imposed more taxes and regulations. It also outlines the potential of vertical farming and how analytics can help improve farming operations and maximize yields.
What's next for Farming in Canada| Analysis of Economic and Government Policiespaul young cpa, cga
The farming sector is about 3% of the GDP as such plays a vital role in terms of exports and the domestic food chain. All levels of government need to work together as part revamping tax, regulation, and other government policies to support the farming sector as being strategic to the supply chain.
This document summarizes the current state and future outlook of farming in Canada. It discusses challenges facing farmers such as commodity prices, taxes, regulations, and trade disputes. New technologies being adopted include vertical farming, use of sensors and analytics. The future of farming is shifting towards more automation, expert systems, and controlled indoor growing to increase yields and efficiency.
2019 Election| Farm and Agricultural Sector| Canada| May 2019paul young cpa, cga
Farmers have to deal with rain, bugs, sun, etc
Commodity prices impact a farmer ability to sell his product
The liberals have come to office as such have imposed more tax and regulations on the family farm
Canada has a supply management system that manages quota. Canada has open up dairy, poultry, etc to foreign imports via TPP, CETA and USMCA agreements.
Farmers are looking for price support as part of the expansion of imports into Canada
Farmers have to deal with rain, bugs, sun, etc
Commodity prices impact a farmer ability to sell his product
The liberals have come to office as such have imposed more tax and regulations on the family farm
Canada has a supply management system that manages quota. Canada has open up dairy, poultry, etc to foreign imports via TPP, CETA and USMCA agreements.
Farmers are looking for price support as part of the expansion of imports into Canada
This document contains an agenda and summary for a presentation on farming and profitability in Canada. The key points are:
1) Farm incomes have declined in recent years due to factors like commodity prices, increased taxes and regulations under the Liberal government, and trade issues.
2) Ontario and Quebec farmers have struggled more than others due to high costs like hydro rates and changes to labor laws.
3) New technologies like vertical farming and use of IoT sensors and data analytics promise to make agriculture more efficient and profitable.
Farming plays a vital role in terms of supporting the economy, especially the food chain. Farmers constantly are impacted by commodity prices along with govt policies.
What is next for Agriculture and Farming Sector in Canada paul young cpa, cga
This document provides an overview and agenda for farming in Canada. It discusses topics like commodity prices, farm income, the impact of liberal government policies, carbon taxes, and emerging areas like vertical farming and the use of analytics. Specifically, it notes that commodity prices impact farmers' ability to sell products and that liberal policies have imposed more taxes and regulations. It also outlines the potential of vertical farming and how analytics can help improve farming operations and maximize yields.
What's next for Farming in Canada| Analysis of Economic and Government Policiespaul young cpa, cga
The farming sector is about 3% of the GDP as such plays a vital role in terms of exports and the domestic food chain. All levels of government need to work together as part revamping tax, regulation, and other government policies to support the farming sector as being strategic to the supply chain.
This document summarizes the current state and future outlook of farming in Canada. It discusses challenges facing farmers such as commodity prices, taxes, regulations, and trade disputes. New technologies being adopted include vertical farming, use of sensors and analytics. The future of farming is shifting towards more automation, expert systems, and controlled indoor growing to increase yields and efficiency.
2019 Election| Farm and Agricultural Sector| Canada| May 2019paul young cpa, cga
Farmers have to deal with rain, bugs, sun, etc
Commodity prices impact a farmer ability to sell his product
The liberals have come to office as such have imposed more tax and regulations on the family farm
Canada has a supply management system that manages quota. Canada has open up dairy, poultry, etc to foreign imports via TPP, CETA and USMCA agreements.
Farmers are looking for price support as part of the expansion of imports into Canada
Farmers have to deal with rain, bugs, sun, etc
Commodity prices impact a farmer ability to sell his product
The liberals have come to office as such have imposed more tax and regulations on the family farm
Canada has a supply management system that manages quota. Canada has open up dairy, poultry, etc to foreign imports via TPP, CETA and USMCA agreements.
Farmers are looking for price support as part of the expansion of imports into Canada
This document provides an agenda and overview for a presentation on the "New Normal for Canada and the World" given by Paul Young CPA CGA on February 12, 2021. The agenda covers topics such as GDP, the stock market, household debt, farm incomes, government stimulus, re-opening plans for provinces, healthcare issues, reforms to organizations like the WHO and more. It also includes summaries and sources for additional information on many of these topics. The document aims to outline major economic and public policy issues facing Canada in light of the pandemic.
The document discusses the current state of Canada's housing market. It provides statistics on average housing prices, inventory levels, top markets, and sales changes. Housing affordability is addressed, noting recent policy changes could make homes more expensive. The document calls for all levels of government and the private sector to explore more affordable housing options like 3D printing and boosting the skilled trades. It suggests tax reforms and regulation reductions to support the lumber sector. Training resources are offered to learn more about trades and addressing systemic economic issues.
2019 Election| Dairy Sector| Supply Management| Canada | September 2019paul young cpa, cga
The dairy sector is of major importance to both Quebec and Ontario.
This presentation will discuss many issues facing the dairy sector as part of re-shaping policies after the 2019 election
Summary:
Milk prices continue to rise
More and more consolidation is happening with dairy-related production
More and more dairy farmers are looking at innovation like methane ingestors
1. Cheese costs - https://www.globaltrademag.com/eu-dairy-market-forecast-cheese-prices-to-rise-sharply-butter-and-fluid-milk-to-keep-calm/
2. Milk Prices - https://canadiangrocer.com/canadian-milk-prices-rising-faster-inflation-report
3. Food - https://www.wsj.com/articles/high-food-prices-to-pressure-inflation-this-year-11645974001
4. Food security - https://www.intelligencer.ca/opinion/columnists/the-world-is-at-a-critical-juncture-states-the-un-world-food-security-report
5. Farm income - https://www.swiftcurrentonline.com/ag-news/aafc-forecasts-record-growth-for-overall-farm-income-in-2021
6. https://lethbridgenewsnow.com/2022/02/24/canadas-over-all-farm-income-forecast-to-see-record-growth-in-2021/
7. Dairy and tax - https://www.ictsd.org/why-canada-tax-us-diary-produce-so-much/
8. Methane digesters - https://www.npr.org/2022/02/10/1077235578/how-dairy-farmers-are-cashing-in-on-californias-push-for-cleaner-fuel
9. USA Dairy - https://inthesetimes.com/article/canada-trade-dispute-dairy-farm-crisis
10. Biogas - https://www.theguardian.com/environment/2022/feb/04/california-subsidies-biogas-dairy-cows-emissions-climate
11. Production - https://www.dairyreporter.com/Article/2022/02/15/agropur-sees-improved-profits-in-canada
Farmers are struggling with higher input costs. Little has been done by the Canadian government to address farm input costs.
Little is said or done about the farmland tied up for solar panels and wind turbines.
Total exports rose 4.6% to a record $53.1 billion in May, with 9 of 11 product sections posting increases. Exports of
motor vehicles and parts, aircraft and other transportation equipment and parts, and energy products contributed
the most to the increase. Year over year, total exports were up 8.6%. In May, non-energy exports rose 4.5%.
Exports of motor vehicles and parts were up 12.4% in May to $8.4 billion. Exports of passenger cars and light trucks
(+17.8%) contributed the most to the increase, mainly due to higher Canadian motor vehicle production. The
increased production was partly due to the resumption of activities at some assembly plants following atypical
shutdowns in April. Through the first five months of 2019, exports of passenger cars and light trucks were up 2.8%
compared with the same period in 2018
Geopolitical Events| Vaccines Distribution| Canada| April 23, 2021paul young cpa, cga
Blog – Geopolitical Risks – COVID19
1. Israel is leading the world in terms of vaccinations - https://www.israelhayom.com/2021/04/19/in-another-sign-of-economic-recovery-deficit-drops-to-12-of-gdp/
2. Vaccines vs. new variants - https://www.healthline.com/health-news/covid-19-vaccines-are-still-effective-amid-rising-number-of-variants
3. https://vdata.nikkei.com/en/newsgraphics/coronavirus-vaccine-status/ - Canada has the contracts in terms of vaccinations - https://vdata.nikkei.com/en/newsgraphics/coronavirus-vaccine-status/. However, the problem has been with getting the vaccines - https://www.reuters.com/business/healthcare-pharmaceuticals/moderna-ceo-says-world-faces-2022-covid-vaccine-production-surplus-2021-04-23/
4. Jobs are not coming back - https://mises.org/wire/jobless-recovery-coming-europe
5. GDP risks - https://www.swissre.com/media/news-releases/nr-20210422-economics-of-climate-change-risks.html
6. Small businesses and global supply chain - https://covid19.etradeforall.org/news/the-effects-of-the-covid-19-pandemic-on-small-businesses-and-global-value-chains/
7. Global ESG reporting standards are coming - https://www.fastcompany.com/90627951/5-things-you-need-to-know-about-the-future-of-esg-reporting or https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
8. Rise of inflation - https://www.forbes.com/sites/forbesbusinesscouncil/2021/04/20/how-global-inflation-will-affect-businesses-and-how-they-can-prepare/?sh=2acd31e43754
9. More automation - https://cio.economictimes.indiatimes.com/news/corporate-news/48-of-businesses-to-increase-robotic-process-automation-study/77253416
10. Housing - https://time.com/5953380/climate-housing-crisis/ or https://financialpost.com/news/economy/the-housing-boom-central-banks-and-the-inflation-conundrum-2
2019 Election| Protectionism and Trade Policies| Canada and the World| May 2019paul young cpa, cga
1/4 for Canada's GDP is tied to exports. Canada depends on exports. The problem is the current government is not about progress as they are not focusing on all aspects the economy.
WTO needs to reform to ensure that emerging markets play by fair trade and investment rules.
This document provides an analysis and commentary on the agriculture equipment sector. It includes sections on North American agriculture equipment sales, commodity and food prices, farming income, top farming states, food processors, technology and farming, and the relationship between government and farming. The document concludes that all levels of government need to better support agriculture and food processing, issues with the WTO need to be addressed, and environmental and economic policies require more balance.
Investing in Agriculture Under Contemporary CircumstancesDetlef Schoen
This white paper examines investment opportunities in agriculture under current economic circumstances. It discusses trends like increasing geopolitical risks, slowing economic growth in China, and low/negative interest rates that increase the importance of cash yields from investments. At the same time, long-term food demand and farmland values remain resilient. The paper analyzes the risk/return profiles of different agricultural investment strategies like corporate farming, investing in family farms, purchasing and leasing farmland, and developing farm projects. It provides recommendations for mitigating weaknesses and exploiting opportunities for each approach.
Barbarians at the farm gate _ The EconomistDetlef Schoen
Institutional investors are increasingly investing in agriculture as demand for food is outpacing supply and farmland has proven to be a stable investment. Pension funds and other large investors see potential in buying and upgrading farmland. However, agriculture investing remains small compared to other asset classes due to the complex risks involved in weather, commodity prices, and political instability in some countries. As more baby boomer farmers retire without successors, farmland ownership is shifting and providing opportunities for outside investment.
Many countries around the world provide support to agriculture sector
Agenda 2030 is pushing for more corporate farms
There are improvements in farming over the year like vertical farming, water and land management and crop resistance to drought
Canada Food/AG sectors have loss jobs since the Liberal took power in 2015
Liberals cannot get goods to market, i.e. grain not getting to export markets
In 2015 The government of Australia proposed a tax of 35 percent on income and 95 percent of superannuation of backpackers from previous zero percent. This tax was above the competitor countries viz New Zealand, Canada and others. The presentation covers the issue came up in the affected industries mainly tourism and agriculture and also provides some of the options for the issue to be resolved.
This document discusses the sustainability of corn and soybean production. It suggests that corn and soybean production in some areas does not appear environmentally, economically, or socially sustainable in its current form. To improve sustainability, the document recommends diversifying crop rotations, using perennial crops, adopting regenerative farming practices, and exploring niche marketing opportunities for specialty crops. Two farmers are profiled who have implemented more sustainable approaches to growing corn and soybeans.
2019 Election| Farm and Agricultural Sector| Canada| September 2019paul young cpa, cga
Farmers have to deal with rain, bugs, sun, etc
Commodity prices impact a farmer ability to sell his product
The liberals have come to office as such have imposed more tax and regulations on the family farm
Canada has a supply management system that manages quota. Canada has open up dairy, poultry, etc to foreign imports via TPP, CETA and USMCA agreements.
Farmers are looking for price support as part of the expansion of imports into Canada
This document provides an overview of issues facing Canadian farmers. It discusses declining farm incomes, increased costs from taxes and regulations under the Liberal government, and challenges from trade disputes that are hurting exports. New technologies like vertical farming are discussed as opportunities, but labor costs are identified as a potential pitfall. The document promotes eliminating the carbon tax and dairy supply management system in Canada.
This document provides an agenda and overview for a presentation on the "New Normal for Canada and the World" given by Paul Young CPA CGA on February 12, 2021. The agenda covers topics such as GDP, the stock market, household debt, farm incomes, government stimulus, re-opening plans for provinces, healthcare issues, reforms to organizations like the WHO and more. It also includes summaries and sources for additional information on many of these topics. The document aims to outline major economic and public policy issues facing Canada in light of the pandemic.
The document discusses the current state of Canada's housing market. It provides statistics on average housing prices, inventory levels, top markets, and sales changes. Housing affordability is addressed, noting recent policy changes could make homes more expensive. The document calls for all levels of government and the private sector to explore more affordable housing options like 3D printing and boosting the skilled trades. It suggests tax reforms and regulation reductions to support the lumber sector. Training resources are offered to learn more about trades and addressing systemic economic issues.
2019 Election| Dairy Sector| Supply Management| Canada | September 2019paul young cpa, cga
The dairy sector is of major importance to both Quebec and Ontario.
This presentation will discuss many issues facing the dairy sector as part of re-shaping policies after the 2019 election
Summary:
Milk prices continue to rise
More and more consolidation is happening with dairy-related production
More and more dairy farmers are looking at innovation like methane ingestors
1. Cheese costs - https://www.globaltrademag.com/eu-dairy-market-forecast-cheese-prices-to-rise-sharply-butter-and-fluid-milk-to-keep-calm/
2. Milk Prices - https://canadiangrocer.com/canadian-milk-prices-rising-faster-inflation-report
3. Food - https://www.wsj.com/articles/high-food-prices-to-pressure-inflation-this-year-11645974001
4. Food security - https://www.intelligencer.ca/opinion/columnists/the-world-is-at-a-critical-juncture-states-the-un-world-food-security-report
5. Farm income - https://www.swiftcurrentonline.com/ag-news/aafc-forecasts-record-growth-for-overall-farm-income-in-2021
6. https://lethbridgenewsnow.com/2022/02/24/canadas-over-all-farm-income-forecast-to-see-record-growth-in-2021/
7. Dairy and tax - https://www.ictsd.org/why-canada-tax-us-diary-produce-so-much/
8. Methane digesters - https://www.npr.org/2022/02/10/1077235578/how-dairy-farmers-are-cashing-in-on-californias-push-for-cleaner-fuel
9. USA Dairy - https://inthesetimes.com/article/canada-trade-dispute-dairy-farm-crisis
10. Biogas - https://www.theguardian.com/environment/2022/feb/04/california-subsidies-biogas-dairy-cows-emissions-climate
11. Production - https://www.dairyreporter.com/Article/2022/02/15/agropur-sees-improved-profits-in-canada
Farmers are struggling with higher input costs. Little has been done by the Canadian government to address farm input costs.
Little is said or done about the farmland tied up for solar panels and wind turbines.
Total exports rose 4.6% to a record $53.1 billion in May, with 9 of 11 product sections posting increases. Exports of
motor vehicles and parts, aircraft and other transportation equipment and parts, and energy products contributed
the most to the increase. Year over year, total exports were up 8.6%. In May, non-energy exports rose 4.5%.
Exports of motor vehicles and parts were up 12.4% in May to $8.4 billion. Exports of passenger cars and light trucks
(+17.8%) contributed the most to the increase, mainly due to higher Canadian motor vehicle production. The
increased production was partly due to the resumption of activities at some assembly plants following atypical
shutdowns in April. Through the first five months of 2019, exports of passenger cars and light trucks were up 2.8%
compared with the same period in 2018
Geopolitical Events| Vaccines Distribution| Canada| April 23, 2021paul young cpa, cga
Blog – Geopolitical Risks – COVID19
1. Israel is leading the world in terms of vaccinations - https://www.israelhayom.com/2021/04/19/in-another-sign-of-economic-recovery-deficit-drops-to-12-of-gdp/
2. Vaccines vs. new variants - https://www.healthline.com/health-news/covid-19-vaccines-are-still-effective-amid-rising-number-of-variants
3. https://vdata.nikkei.com/en/newsgraphics/coronavirus-vaccine-status/ - Canada has the contracts in terms of vaccinations - https://vdata.nikkei.com/en/newsgraphics/coronavirus-vaccine-status/. However, the problem has been with getting the vaccines - https://www.reuters.com/business/healthcare-pharmaceuticals/moderna-ceo-says-world-faces-2022-covid-vaccine-production-surplus-2021-04-23/
4. Jobs are not coming back - https://mises.org/wire/jobless-recovery-coming-europe
5. GDP risks - https://www.swissre.com/media/news-releases/nr-20210422-economics-of-climate-change-risks.html
6. Small businesses and global supply chain - https://covid19.etradeforall.org/news/the-effects-of-the-covid-19-pandemic-on-small-businesses-and-global-value-chains/
7. Global ESG reporting standards are coming - https://www.fastcompany.com/90627951/5-things-you-need-to-know-about-the-future-of-esg-reporting or https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
8. Rise of inflation - https://www.forbes.com/sites/forbesbusinesscouncil/2021/04/20/how-global-inflation-will-affect-businesses-and-how-they-can-prepare/?sh=2acd31e43754
9. More automation - https://cio.economictimes.indiatimes.com/news/corporate-news/48-of-businesses-to-increase-robotic-process-automation-study/77253416
10. Housing - https://time.com/5953380/climate-housing-crisis/ or https://financialpost.com/news/economy/the-housing-boom-central-banks-and-the-inflation-conundrum-2
2019 Election| Protectionism and Trade Policies| Canada and the World| May 2019paul young cpa, cga
1/4 for Canada's GDP is tied to exports. Canada depends on exports. The problem is the current government is not about progress as they are not focusing on all aspects the economy.
WTO needs to reform to ensure that emerging markets play by fair trade and investment rules.
This document provides an analysis and commentary on the agriculture equipment sector. It includes sections on North American agriculture equipment sales, commodity and food prices, farming income, top farming states, food processors, technology and farming, and the relationship between government and farming. The document concludes that all levels of government need to better support agriculture and food processing, issues with the WTO need to be addressed, and environmental and economic policies require more balance.
Investing in Agriculture Under Contemporary CircumstancesDetlef Schoen
This white paper examines investment opportunities in agriculture under current economic circumstances. It discusses trends like increasing geopolitical risks, slowing economic growth in China, and low/negative interest rates that increase the importance of cash yields from investments. At the same time, long-term food demand and farmland values remain resilient. The paper analyzes the risk/return profiles of different agricultural investment strategies like corporate farming, investing in family farms, purchasing and leasing farmland, and developing farm projects. It provides recommendations for mitigating weaknesses and exploiting opportunities for each approach.
Barbarians at the farm gate _ The EconomistDetlef Schoen
Institutional investors are increasingly investing in agriculture as demand for food is outpacing supply and farmland has proven to be a stable investment. Pension funds and other large investors see potential in buying and upgrading farmland. However, agriculture investing remains small compared to other asset classes due to the complex risks involved in weather, commodity prices, and political instability in some countries. As more baby boomer farmers retire without successors, farmland ownership is shifting and providing opportunities for outside investment.
Many countries around the world provide support to agriculture sector
Agenda 2030 is pushing for more corporate farms
There are improvements in farming over the year like vertical farming, water and land management and crop resistance to drought
Canada Food/AG sectors have loss jobs since the Liberal took power in 2015
Liberals cannot get goods to market, i.e. grain not getting to export markets
In 2015 The government of Australia proposed a tax of 35 percent on income and 95 percent of superannuation of backpackers from previous zero percent. This tax was above the competitor countries viz New Zealand, Canada and others. The presentation covers the issue came up in the affected industries mainly tourism and agriculture and also provides some of the options for the issue to be resolved.
This document discusses the sustainability of corn and soybean production. It suggests that corn and soybean production in some areas does not appear environmentally, economically, or socially sustainable in its current form. To improve sustainability, the document recommends diversifying crop rotations, using perennial crops, adopting regenerative farming practices, and exploring niche marketing opportunities for specialty crops. Two farmers are profiled who have implemented more sustainable approaches to growing corn and soybeans.
2019 Election| Farm and Agricultural Sector| Canada| September 2019paul young cpa, cga
Farmers have to deal with rain, bugs, sun, etc
Commodity prices impact a farmer ability to sell his product
The liberals have come to office as such have imposed more tax and regulations on the family farm
Canada has a supply management system that manages quota. Canada has open up dairy, poultry, etc to foreign imports via TPP, CETA and USMCA agreements.
Farmers are looking for price support as part of the expansion of imports into Canada
This document provides an overview of issues facing Canadian farmers. It discusses declining farm incomes, increased costs from taxes and regulations under the Liberal government, and challenges from trade disputes that are hurting exports. New technologies like vertical farming are discussed as opportunities, but labor costs are identified as a potential pitfall. The document promotes eliminating the carbon tax and dairy supply management system in Canada.
Agriculture Equipment Sector - Analysis and Commentary - Farming.pptxpaul young cpa, cga
This document provides an analysis of the agriculture equipment sector and commentary on related topics. It includes summaries of North American equipment sales, commodity prices, Canadian agriculture prices, preliminary Canadian crop estimates, oilseed and energy prices, the carbon tax, food prices, the hospitality sector, farming income, top farming states, food processors, technology and farming, the role of government in farming, and debt. It also provides contact information for Paul Young, the author, and an agenda of topics covered in the analysis.
Agriculture Equipment Sector - Analysis and Commentary - Farming.pptxpaul young cpa, cga
The document provides an analysis of the agriculture equipment sector and commentary on related topics. It includes a bio of the author, Paul Young, and an agenda covering issues like commodity prices, crop estimates, food prices, farm income, technology and farming, government programs, and debt. The summary highlights struggles farmers are facing with high input costs, the need for government coordination on housing and land use policies, and rising farm debt levels which may be exacerbated by interest rate hikes.
Agriculture Equipment Sector - Analysis and Commentary - AG Prices.pptxpaul young cpa, cga
Summary:
The largest year-over-year increase in farm cash receipts in 40 years helped to offset a similarly historic rise in operating expenses as Canadian realized net farm income jumped more than 40% in 2021.
A Statistics Canada farm income report on Wednesday pegged national realized net farm income at $13.5 billion, up 46.4% from a year earlier. (Realized net income is the difference between a farmer's cash receipts and operating expenses, minus depreciation, plus income in kind). The increase for 2021 follows on the heels of a nearly 80% rise in realized net farm income in 2020 and a much more modest 5.1% hike in 2019.
On the other side of the ledger, fertilizer expenses for Canadian farmers increased by 31.8% to $7.5 billion in 2021. Commercial feed expenses for livestock producers were up by 23% to $9.6 billion as the drought in Western Canada caused pastures to suffer and limited the amount of hay and grain feed that could be stored on farms or purchased from others. Machinery fuel expenses increased by 29.1% to $2.9 billion in 2021, as governments around the world reopened their economies after taking measures to curb the spread of COVID-19 in 2020, StatsCan said.
Source - https://www.syngenta.ca/market-news/realized-net-farm-income-up-sharply-in-2021
This document provides an agenda and commentary on the agriculture equipment sector. It includes sections on North American equipment sales, commodity and crop prices, energy costs, carbon taxes, food prices, farm incomes, top farming states, food processors, and the role of technology and government in farming. The document summarizes information from various sources on current issues and trends impacting the agriculture industry.
This document provides an agenda and commentary on the agriculture equipment sector. It includes sections on North American equipment sales, commodity and crop prices, energy costs, carbon taxes, food prices, farm incomes, top farming states, food processors, and the role of technology and government in farming. The document summarizes data from various sources on current industry trends and issues facing the agriculture sector.
Blog – Agriculture Equipment and Farming Income – Analysis and Commentary – November 2022
Farmers continue to face many challenges including labor shortages along with higher input costs related to fuel, feed, electricity, etc.
Grocery store profits continue to be a focal point. Little has been said about the product mix area as well as how profits are shared with pension funds and capital investment.
Farmers have no issue with adopting technology if that technology is dependable.
Vertical farming is being promoted as solution. Vertical farming requires access to adequate water as well has issues with electricity and capital needed to build out a vertical farming infrastructure.
Agriculture Equipment Sector - Analysis and Commentary - Farming.pptxpaul young cpa, cga
Summary
Food costs will continue to be high
Food insecurity will continue to plague governments around the world
Farm equipment sales are expected to be 4.6% through 2027
More and more governments are looking at vertical farming as a possible solution for food supply and security issues
Expert farming through data and AI practices are helping to improve crop yields and food production
This document provides an overview of the economic outlook for Canada post-pandemic. It discusses several pre-pandemic economic indicators and their expected impact. It also outlines various government stimulus measures and recommendations to support economic recovery. Key points include gradually reopening provinces with strict health measures, reforming government fiscal management and crisis response, focusing on infrastructure spending, manufacturing, and technology to create jobs and support growth.
Agriculture Sector - Canada - Issues and Solutions - August 2018paul young cpa, cga
Countries around the world provide Agriculture Subsidies
USA spends over $20B in subsidies to support their agriculture sector
Canada at the federal level spends about $6B on subsidies.
Agriculture Equipment Sector - Analysis and Commentary - AG Prices.pptxpaul young cpa, cga
Summary
All levels of government need to work together to ease fear around food security
Liberals continue to push their climate change policies at all costs. Farmers are seeing higher input costs that are impacting their margins
More needs to be done to address the rural housing crisis.
More needs to be done to protect vital farmland
Vertical farming solutions need to be push as part of food security
This document provides an overview of the Canadian dairy industry and current issues facing dairy farmers in Canada. It includes details on dairy production and subsidies in Canada compared to other countries like the US and New Zealand. Recent trade deals like CETA, TPP, and USMCA are discussed in relation to the impacts on Canada's supply management system for dairy. Issues facing Canadian dairy farmers like declining farm incomes, high production costs, and pressure to open dairy markets are also summarized.
Blog – Cost of Living and Inflation – Canada – September 2022
Summary:
Canada inflation continues to remain at 40-year highs. Food prices especially continue to increase in price. Former adviser has spoken about high inflation - https://financialpost.com/news/economy/inflation-inequality-trudeau
Food bank usage continues to be on the rise - https://worldnewsera.com/news/canada/food-banks-grappling-with-rising-demand-inflation-ahead-of-thanksgiving-national-globalnews-ca/
Businesses are facing litany of tax increase like CPP and EI (Payroll) along with carbon tax escalation - http://www.baystreet.ca/articles/economiccommentary/81636/101822. Trudeau government talks out of the corner of their mouth about reducing the small business federal corporate tax rate to 9%. https://www.cfib-fcei.ca/en/media/cfib-statement-on-the-start-of-small-business-week. The federal government does not seem to grasp that hiking taxes can lead to reduce profit margins.
Canada is rich in natural resources and arable land. Canada could be a world leader in energy, forestry, mining, and agriculture exports if Canada had the right support from the federal government - https://www.cfib-fcei.ca/en/media/cfib-statement-on-the-start-of-small-business-week
I am all about solutions. The federal government seems to think tax and spend approach will stabilize inflation. It will not! https://www.slideshare.net/paulyoungcga/how-to-reduce-inflation-in-canadapptx
Wages growth is becoming a key issue for all levels of government - https://www.hcamag.com/ca/specialization/financial-wellness/why-increasing-wages-wont-help-in-the-cost-of-living-crisis/424328
Canada is also creating far more government jobs as compared to private sector - https://businessexaminer.ca/victoria-articles/item/most-new-canadian-jobs-are-in-the-public-sector-not-private/
Gasoline prices continue to play havoc with supply chains and consumers - https://building.ca/bocs-macklem-says-hes-not-backing-down-on-rate-hikes-even-as-recession-fears-grow/
NDP under the leadership Jagmeet Singh keeps focusing on greed inflation while giving a past to fuel standard and carbon tax hikes. NDP has always been since Singh was elected are great at driving emotional wedge issues with their base. The problem many times the NDP is out to lunch when it comes to what is really driving issues with inflation including lack of improvement with productivity, lack of innovation, skills gap, supply chain challenges, and high cost of housing. https://www.slideshare.net/paulyoungcga/corporate-proftis-vs-corporate-greedpptx
Blog – Manufacturing – Agriculture and Food Sector Analysis and Commentary – June 2023
Summary:
Efficient management of scarce water.
Adoption of technology in areas like vertical farming, expert farming, weather, and vegetation analytics.
Adjusting farming practices as part of getting to net zero.
Urban planning strategy that provides affordable housing while protecting arable land.
How best to efficient use fertilizer as part of supporting crop yields
Additional links and sources
Potash - https://news.agropages.com/News/NewsDetail---45923.htm
Carbon tax and Farming - https://london.ctvnews.ca/commercial-grain-dryers-cry-foul-over-lack-of-carbon-tax-exemption-1.6434979 or https://www.manitobacooperator.ca/news-opinion/news/with-crop-in-the-ground-keep-an-eagle-eye-on-cost-of-production-management-specialist/
Food prices - https://www.detroitnews.com/story/business/2023/06/12/food-prices-are-squeezing-europe-italians-are-urging-a-pasta-protest/70313364007/
Farm input costs - https://www.teagasc.ie/news--events/news/2023/increase-in-farm-incomes.php
Food and technology - https://www.foodmanufacture.co.uk/Article/2023/06/12/digitalisation-the-key-to-unlocking-growth-potential-in-outsourced-food-production?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS
Vertical farming - https://www.investmentmonitor.ai/sponsored/vertical-farming-is-booming-in-the-gulf-heres-why/
Geospatial / farming - https://www.ibm.com/blog/the-benefits-of-sustainable-agriculture-and-how-we-get-there/
Dairy - https://www.agproud.com/articles/57690-dairy-farmers-of-canada-un-declares-milk-products-a-vital-part-of-healthy-diets
Crop yields - https://www.frontiersin.org/articles/10.3389/fsufs.2023.1203721/abstract
Water crisis - https://www.cnbc.com/2023/06/13/water-scarcity-china-and-india-look-the-most-threatened-from-shortages.html
Fertilizer - https://www.corporateknights.com/category-food/farmers-can-break-free-synthetic-fertilizer-addiction-nitrogen/
AG Tech - https://blog.gitnux.com/agtech-trends/
Summary:
The liberals lost a ruling to how they protect the dairy sector from exports through a tariff program. The Liberal knew that this program likely would come under attack. Liberal only respond when there is a ruling vs being proactive on how best to support the farmers.
Farmers have cried for years about liberal policies like carbon tax or inability to get goods to market or tax changes to small businesses. The only thing Liberal did was review the transitioned funding to farmers as part of new trade deals.
1. Price of Milk – https://www.cbc.ca/news/canada/kitchener-waterloo/dairy-price-rise-2022-1.6297627
2. Climate change - https://www.sciencedaily.com/releases/2022/01/220105135958.htm
3. Automation / Dairy Farming - https://www.lely.com/us/solutions/large-farming/dairy-xl/?utm_campaign=eg-Dairy-XL&utm_content=193155229&utm_medium=social&utm_source=twitter&hss_channel=tw-57153195
4. Dairy / Trade ruling - https://financialpost.com/news/economy/u-s-and-canada-both-claim-victory-in-dairy-quota-trade-dispute
5. Both Vancouver and Toronto lead Canada as the highest cost cities in Canada. Majority of the federal seats in these ridings are held by the Liberals - https://www.expatistan.com/cost-of-living/country/canada
6. Farm subsidies - https://fee.org/articles/ending-farm-subsidies-wouldnt-help-the-third-world/
7. Cheese production - https://beef2live.com/story-ranking-countries-produce-cheese-0-213144
8. Carbon tax = https://www.producer.com/opinion/government-programs-can-ease-farms-carbon-tax-burden/
9. Trade - https://www.canada.ca/en/agriculture-agri-food/news/2021/01/government-of-canada-takes-next-step-in-compensating-canadas-dairy-farmers.html
10. Farm Income - https://www150.statcan.gc.ca/n1/daily-quotidien/210326/dq210326c-eng.htm
This document provides an overview of the economic outlook for Canada post-pandemic, covering topics such as GDP, government stimulus, household debt, job losses, farm incomes, trade, and healthcare. It argues that governments will need reform, including stronger fiscal and crisis management. Automation and transforming industries are also discussed as ways to boost economic recovery. Concerns around China's influence and lack of transparency during the pandemic are raised.
This document provides an agenda and slides for a presentation on the "New Normal for Canada and the World" given by Paul Young CPA CGA on February 8, 2021. The presentation covers topics such as GDP, the stock market, household debt, farm incomes, government stimulus, re-opening plans by provinces, healthcare reforms, and reforming international organizations like the WHO. It analyzes economic and financial data to discuss changes and challenges for Canada and globally as countries adapt to conditions brought on by the COVID-19 pandemic. Contact information is provided for Paul Young.
Similar to Agriculture and Food Policy - What needs to happen (20)
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptxpaul young cpa, cga
Canadian retail sales dropped 0.3% in August, the first decline since March, as higher interest rates start to impact household budgets. Seven of the nine retail subsectors saw sales increases in July, led by food and beverage retailers, while motor vehicle and parts dealers saw the largest decrease. Excluding autos, retail sales in July rose 1%, double expectations. The report suggests Canadians are tightening spending as more face higher mortgage payments and gas prices due to Bank of Canada rate hikes aimed at slowing inflation.
Addressing issues with the Public Sector Governance Model.pptxpaul young cpa, cga
The key challenges facing Australian business leaders in 2023 include:
1. Talent acquisition, retention and training staff for digital transformation.
2. Implementing successful digital transformation while managing cyber risks.
3. Adapting to changing regulations and reporting requirements.
Health risks from COVID-19, social reputation concerns, and disruptive emerging technologies are also significant social challenges impacting Australian businesses. Over the next 3-5 years, talent management for digitization, cybersecurity, digital transformation, regulatory changes, and identifying new growth opportunities will be the top challenges according to business leaders.
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
- Canadian manufacturing sales increased 1.6% in July, led by higher sales in food products, petroleum and coal products, and transportation equipment. Paper and plastics sales decreased the most.
- Inventory levels increased slightly while unfilled orders decreased, pointing to a potential slowdown.
- The manufacturing sector in Canada will continue to face challenges such as global economic uncertainty, rising costs, supply chain issues, climate change risks, and skills shortages.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...paul young cpa, cga
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Retail Sales and Consumer Spending Analysis and Commentary - United States - ...paul young cpa, cga
United States retail sales rose 0.6% in August despite flat sales at internet retailers after Amazon Prime Day. Most of the increase was due to higher gasoline prices. While consumer spending has been strong, higher interest rates and a slowdown in hiring are expected to restrain purchases in the coming months. Forecasters predict the 2023 holiday shopping season could be the weakest in five years due to economic challenges facing consumers. The retail sector continues facing inventory management challenges and social governance issues.
How to improve the Governance Model for the Public Sector - United States - S...paul young cpa, cga
This document provides a summary of strategies to improve governance in government. It discusses factors that impact governance like transparency and accountability. It recommends using performance audits to assess key performance indicators and ensure recommendations are implemented. Other strategies include improving data ethics and literacy, mitigating geopolitical risks, adopting ESG reporting, and using technology like audit analytics and AI to enhance governance. The overall goal is for government to deliver programs and tax policies with value for money and transparency.
This document provides an analysis of the agriculture output and equipment sector for August 2023. It includes discussions of commodity prices, crop estimates, energy prices, food prices, farming incomes, top farming states, food processors, and the role of technology and government in farming. Key points covered include rising input costs challenging farmers, preliminary crop estimates for Canada, volatility in oil and diesel prices impacting farm expenses, and opportunities for data and automation to help address issues in the agriculture industry.
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...paul young cpa, cga
This document provides an overview and agenda for a presentation on the biotech, pharmaceutical, and healthcare sector. It includes:
- An introduction and biography of presenter Paul Young CPA CGA
- An agenda covering topics like vaccine production, drug discovery, innovation in areas like storage and AI, and the life sciences strategy
- Links and summaries of information on these topics, including the top vaccine manufacturers, regulations in Canada, and growth in the pharmaceutical market
The presentation aims to discuss key areas of the biotech/pharmaceutical sector including vaccine development and production, drug discovery, innovation, and strategies for the life sciences industry. Links and outside sources are provided to support the topics in the agenda.
Better Public Safety Management using Analytics - September 2023.pptxpaul young cpa, cga
This document discusses using analytics to improve public safety management. It outlines rising public safety costs for governments and key issues facing policing like complex crimes and accountability. The document presents crime rate data for Canada and discusses building machine learning models in SPSS and dashboards in Cognos Analytics to analyze police data and forecast expenses. Finally, it lists potential next steps for crime in Canada like bail and corrections reforms, gun control, and increased police oversight.
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Workforce Planning and Employment Analysis - August 2023.pptxpaul young cpa, cga
The document discusses workforce planning and employment analysis. It provides an overview of employment statistics in the United States, Canada, and Australia. It then discusses Sysco's workforce planning model and the role of the CFO in workforce planning. Finally, it defines autonomous finance as the automation of financial operations through software and algorithms, and provides some key statistics on its adoption.
Global Automotive - Analysis and Commentary - August 2023.pptxpaul young cpa, cga
This presentation provides an overview of key trends in the global automotive sector in August 2023. It discusses 1) sales trends in Canada, the US and globally, 2) the growth of electric vehicles and focus on reducing emissions, and 3) ongoing transformation in the industry through automation, connectivity and new technologies. Sources included discuss topics like electric vehicle production and adoption, public safety issues regarding EV fires, gasoline and car prices, supply chain challenges, and green transitions in transportation.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
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OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
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2. Elemental Economics - Mineral demand.pdfNeal Brewster
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2. z
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. z
Agenda
Agriculture Equipment
Rural vs Urban Strategy
Farm Income – 2016 and 2017
ON and PQ vs Rest of Canada
New Tax Policy and other Costs – Liberal Government of Canada
Acreage value
Size of Farms
Food Prices
2019 Election Issues
2019 / Dairy Sector
Subsidies
Farming Crisis
Vertical Farming
Expert Farming
4. z
Farming Summary
Farmers have to deal with rain, bugs, sun, etc
Commodity prices impact a farmer ability to sell his product
The liberals have come to office as such have imposed more tax and regulations on the
family farm - https://www.producer.com/2019/09/farmer-slams-carbon-taxs-grain-drying-cost/
Canada has a supply management system that manages quota. Canada has open up dairy,
poultry, etc to foreign imports via TPP, CETA and USMCA agreements.
Farmers are looking for price support as part of the expansion of imports into Canada
Farmers are struggling getting their goods to market - http://cafta.org/agri-food-
exports/canadas-agri-food-exports-2014/ or Trade wars - https://www.timescolonist.com/u-s-
china-trade-war-hurting-canada-s-largest-railway-says-cn-executive-1.23957432
6. z
Rural vs Urban
Justin Trudeau (LPC) vs CPC
This is all about economic opportunity. People will select a community based on
their career objectives.
@justintrudea supports large urbanized areas as that is his base
@andrewscheer was part of a govt that provided allot of support to rural areas.
https://www.slideshare.net/paulyoungcga/2019-election-rural-areas-and-affairs-
canada or https://farmtario.com/news/new-rural-caucus-chair-provides-voice-
of-the-countryside-to-government/
11. z
Small Business Tax Change / Farm and other Issues
Source - https://www.canadianpoultrymag.com/business-policy/farm-business/the-
evolution-of-tax-changes-for-the-canadian-farm-business-30601
• Ontario farmers struggle with changes to
labour laws and high hydro rates -
https://nationalpost.com/pmn/news-
pmn/canada-news-pmn/farmers-in-
southwestern-ontario-lament-high-hydro-
rates-increased-labour-costs
• Carbon Tax and Farming costs -
https://www.realagriculture.com/2018/01/will-
a-carbon-tax-negatively-impact-the-
competitiveness-of-canadian-farms/
• High fuel costs -
https://www.reuters.com/article/us-usa-fuel-
farming/farmers-worldwide-struggle-with-
rising-fuel-costs-idUSKCN1IJ0CR
• Crop Insurance - https://www.country-
guide.ca/2018/01/03/why-canadas-farmers-
need-better-risk-management-
programs/52294/
• Cost of Capital - https://www.fcc-
fac.ca/fcc/knowledge/ag-economist/farm-
assets-and-debt-report-2017-18-e.pdf
13. z
Acreage by Farm
Source - https://www.fcc-fac.ca/en/knowledge/ag-economics/farmland-values-report.html
14. z
z
Acreage by Farm
Source - https://www150.statcan.gc.ca/n1/pub/95-640-x/2011001/p1/figs/figure3-eng.htm or
https://www.country-guide.ca/guide-business/how-much-bigger-are-farms-getting/
16. z
Blog – Agriculture Sector
Who do you trust more to deal with AG Sector?
@justintrudeau who poor relations with countries have hurt the AG sector -
https://www.cbc.ca/news/politics/wheat-canola-china-canada-trade-1.5263313
@Andrewscheer – whose party led to new trade deals and expansion of exports -
https://www.reuters.com/article/us-canadian-wheat-m-a-g3/saudi-firm-bunge-to-
buy-majority-stake-in-canadian-grain-handler-idUSKBN0N61PV20150416
17. z
Blog – Dairy Sector
Who do you trust more when it comes to Dairy Sector:
@justintrudeau who always comes up with more ways to tax farmers - https://ipolitics.ca/2017/09/05/trudeaus-going-to-pay-
a-heavy-price-for-tax-reform/
@andrewscheer who served under a government that supported farmers very well through new trade agreements -
https://www150.statcan.gc.ca/n1/daily-quotidien/161129/dq161129b-eng.htm
Other Sources
https://www.slideshare.net/paulyoungcga/2019-election-dairy-sector-supply-management-canada-september-2019
https://steinbachonline.com/ag-news/agriculture-news-mb/canadian-dairy-industry-reduces-carbon-footprint
https://www.agcanada.com/daily/farm-groups-see-something-for-everyone-in-federal-budget
https://www.slideshare.net/paulyoungcga/2019-election-rural-areas-and-affairs-canada
18. z
AG Subsidies
https://www.nationalnewswatch.com/2018/06/18/canada-can-end-dairy-trade-dispute-with-u-s-by-
ending-pricing-irritant-saputo/#.WyjfZKdKhPZ
I agree Canada should review its agricultural support, but so should the USA. USA provides over
$20B per year in subsidies. Where is Trudeau on USA subsidies?
https://www.slideshare.net/paulyoungcga/agriculture-sector-food-pricing-june-2018
USA - https://www.canadianmanufacturing.com/exporting-and-importing/trump-tapping-us12b-to-
help-farmers-affected-by-tariffs-216532/
Agriculture sector - https://www.slideshare.net/paulyoungcga/agriculture-sector-subsidies-and-
food-prices-july-2018
19. z
Farming Crisis
Source - https://business.financialpost.com/opinion/gwyn-morgan-the-
traumatic-demise-of-canadas-family-farms
20. z
Trade Disputes
Canada and Canola “Canada’s agriculture industry needs to recognize it is “not dealing with a friendly
regime” when it comes to China and should focus its Asian growth ambitions on countries like Japan,
Taiwan and South Korea instead.” https://calgaryherald.com/business/local-business/canadian-
farmers-can-no-longer-depend-on-china-global-business-forum
Exports “For Matt Sawyer, a canola and wheat farmer in Acme, Alta., the most pressing issue this
election is trade.
"The last 36 months, we've lost trade with Vietnam, Peru, Saudi Arabia and China and we need to
come forward with some measures to re-establish trade for our producers as soon as we can. Bottom
line," he said. ”- https://www.cbc.ca/radio/thesundayedition/the-sunday-edition-for-september-22-2019-
1.5291065/canadian-farmers-on-trade-environmental-policy-and-the-federal-election-1.5291209
21. z
Market Potential
Source - http://www.prnewswire.com/news-releases/vertical-farming-market-size-worth-99-billion-by-2025--cagr-224-grand-view-research-inc-620578263.html
The global vertical farming market is anticipated to reach USD 9.9 billion by 2025,
according to a new report by Grand View Research, Inc. The increased use of
Internet of Things (IoT) sensors, for producing crops, is likely to spur the market
demand over the forecast period. The information obtained from the sensors is
stored on the cloud and analyzed to perform the required actions. The growing
automation in agriculture and increasing use of big data & predictive analytics, for
maximizing yields, are also likely to drive the market.
22. z
Pitfalls to Vertical Farming
Source - https://www.maximumyield.com/top-3-reasons-why-vertical-farms-fail/2/3177
1. They try to do too many things at once. - A common pitfall of many vertical farms is attempting to
both grow food for market while productizing and selling the technology they’re using to grow their
food.
2. They forget that labor is always the biggest cost. Reflecting on their own shuttered operations,
each of the three panelists echoed this warning about labor: Don’t overlook your labor costs. All
three panelists express similar challenges regarding the workers on their respective farms. While
the wages were relatively low (ranging from $9-15 per hour), labor costs added up quickly thanks to
the farms’ growing techniques
3. They don’t treat the farm like a process. - In today’s technology-based modern farming world, production is
not the problem. Growing in controlled environments and with proper plant nutrition allows modern farmers to
produce crops with astounding consistency and quality. Instead, the real issue these three farmers faced was
how to run their growing operations efficiently while minimizing cost.
23. z
IOT Market Leaders
http://www.fox34.com/story/35300702/global-internet-of-things-iot-market-2017-size-share-
development-status-type-and-application-segmentation-forecast-by-2023
24. z
Companies / Vertical Farming
Source - https://globenewswire.com/news-release/2017/05/17/986832/0/en/Vertical-Farming-Market-to-exceed-13bn-by-2024-Global-Market-
Insights-Inc.html
Market Leaders
• General Hydroponics
• Aerofarms
• Plantagon International AB
• Urban Crop Solutions
• Sky Greens, Green Spirit Farms,
• Spread co Ltd
• Mirai Co.Ltd.
• American Hydroponics etc.
OEM Equipment:
• EVERLIGHT ELECTRONICS
CO., LTD (Taiwan)
• illumitex (Texas),
• Koninklijke Philips NV
(Netherlands).
25. z
Analytics and Farming
Smarter Farming -
https://www.ibm.com/blogs/research/2018/09/smarter-farms-
agriculture/
Big Data and AI - https://www.ibmbigdatahub.com/tag/2696
AI - https://www.nasdaq.com/article/ai-and-farming-how-ibm-is-
bringing-cuttingedge-technology-to-one-of-the-worlds-oldest-
industries-cm1024154
26. z
What is next
The carbon tax needs to be scrap as it is making Canada less competitive, especially as nearly 87% of imports are coming from countries
with high CO2 emissions - https://www.slideshare.net/paulyoungcga/2019-election-environment-climate-change-issues-and-concerns-
canada-september-2019
Small business tax reforms like income sprinkling and passive income need to be eliminated
Trade deals need to be expanded including more money for port expansion
Government providing funding to AG Sector - https://nationalpost.com/news/canada/covid-19-trudeau-pledges-252-million-to-help-
canadas-agriculture-and-food-industries. Liberals also bumped up the carbon tax - https://globalnews.ca/news/6500544/farm-income-
carbon-tax-saskatchewan-agricluture/
There needs to be integrated strategy to support rural areas including how farmers can support vertical farming
More needs to be done to solve food issues related to the north, i.e. greenhouses or other options –
https://nunatsiaq.com/stories/article/feds-to-clean-up-nutrition-north/
Supply management system needs to eliminated. There will be a need for transitioning funding as part of eliminating the supply
management system. The Australia model should be reviewed - https://www.fraserinstitute.org/studies/phasing-out-supply-management-
lessons-from-australias-dairy-industry