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
Blog – Dairy Sector – Canada – November 2021
Dairy sector continues to face many challenges due cost of feed and other related input costs.
Dairy prices have not risen as much as other prices.
Liberals continue to fail address issues like the impact of the carbon tax on agriculture out and food production.
1. Rising feed prices - https://www.thebeefsite.com/news/57977/canadian-farmers-face-serious-feed-shortages/
2. Oatly - https://ca.news.yahoo.com/oatly-ads-banned-making-misleading-000100110.html
3. Fertilizer - https://www.thedailyscoop.com/news/retail-industry/how-todays-fertilizer-prices-could-reshape-industry
4. Butter production - https://www.foodbusinessnews.net/articles/20477-butter-prices-soar-to-multi-year-highs
5. Higher input costs - https://www.newsbug.info/iroquois_countys_times-republic/news/agriculture/farmers-dealing-with-dramatically-higher-input-costs/article_e5f4b953-424e-5735-bf47-3e8f5cc8c8a6.html
6. Drought - https://www.reuters.com/world/americas/canadian-farmers-face-cattle-feed-shortage-due-drought-transport-strains-2022-01-25/
7. Potato - https://www.thestar.com/news/world/2022/01/25/is-canada-fighting-a-trade-war-against-its-own-potato-farmers.html
8. Cybersecurity - https://www.canadiancattlemen.ca/daily/farm-cybersecurity-campaign-seeks-farmer-input/
9. Food exports - https://www.spglobal.com/platts/en/market-insights/latest-news/agriculture/012422-canadas-common-wheat-exports-rise-63-on-week-durum-wheat-shipments-fall
10. AG and China - https://ipolitics.ca/2022/01/21/chinese-ambassador-pitches-improved-trade-to-western-canada/
11. Food security - https://globalnews.ca/news/8532207/canada-grocery-stores-food-supply-prices/
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
Milk sold off the farms over the past 7 years has grown by about 2.7% to 3% range.
Dairy farmers are concern with carbon pricing. Dairy farmers like other farmers would rather see carbon exemptions compared to carbon taxes. The key area of focus should be vertical and expert farming through changes to tax code including capital cost allowances.
Food inflation will continue to be a challenged for governments around the world. High food prices are expected to remain high through mid 2023.
Supply chain continues to face many challenges including bottlenecks and high cost of fuel and other input costs.
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.
Summary:
The total amount of milk sold off farms in June decreased 0.2% year over year to 787 888 kilolitres. Meanwhile, milk sold off farms for fluid purposes increased 0.6% to 214 845 kilolitres. Milk sold off farms for industrial purposes decreased 0.6% year over year to 573 043 kilolitres. Total cash receipts from milk and cream sold off farms amounted to $663.7 million in June, up 11.0% year over year.
Source - The Daily — Dairy statistics, June 2022 (statcan.gc.ca)
Summary
USA has filed 2nd trade complaint against Canada’s dairy sector
Baby formula issues plague the globe. Canada has its own supply issues with formula
Canada is working on a trade deal with the UK that will exclude Canadian cheese
High energy, fuel, and feed costs are hampering dairy farms across Canada
Summary:
Since September 2018 the cost of milk has risen higher than the targeted inflation of 2.1%. Pre-2019 milk prices were very stable.
Milk Production is marginally up from Jul/22 vs Oct/15.
Plant-base foods continue to grab a footprint in terms of food products.
Farmers have complained to all levels of government about the possible policy changes related to sales of farms, input costs, use of fertilizers. The federal government has not been transparent on how their net-zero policies will be implement with the agricultural sector.
Canada global ranking in 2021 for food security has dropped to 21st from 19th in 2019 - https://www.macleans.ca/food-insecurity/canadian-food-insecurity-by-the-numbers/
Blog – Dairy and Farming Sector – April 2022 – Canada
Canadian farmers continue to struggle with high input costs
Canadian farmers continue to demand better policies to address both food costs and security
The carbon taxes have been tied to green inflation. There is no way the Liberals will ever hit 2.1 to 2.3% inflation target unless there is a drastic policy shift.
Blog – Dairy Sector – Canada – November 2021
Dairy sector continues to face many challenges due cost of feed and other related input costs.
Dairy prices have not risen as much as other prices.
Liberals continue to fail address issues like the impact of the carbon tax on agriculture out and food production.
1. Rising feed prices - https://www.thebeefsite.com/news/57977/canadian-farmers-face-serious-feed-shortages/
2. Oatly - https://ca.news.yahoo.com/oatly-ads-banned-making-misleading-000100110.html
3. Fertilizer - https://www.thedailyscoop.com/news/retail-industry/how-todays-fertilizer-prices-could-reshape-industry
4. Butter production - https://www.foodbusinessnews.net/articles/20477-butter-prices-soar-to-multi-year-highs
5. Higher input costs - https://www.newsbug.info/iroquois_countys_times-republic/news/agriculture/farmers-dealing-with-dramatically-higher-input-costs/article_e5f4b953-424e-5735-bf47-3e8f5cc8c8a6.html
6. Drought - https://www.reuters.com/world/americas/canadian-farmers-face-cattle-feed-shortage-due-drought-transport-strains-2022-01-25/
7. Potato - https://www.thestar.com/news/world/2022/01/25/is-canada-fighting-a-trade-war-against-its-own-potato-farmers.html
8. Cybersecurity - https://www.canadiancattlemen.ca/daily/farm-cybersecurity-campaign-seeks-farmer-input/
9. Food exports - https://www.spglobal.com/platts/en/market-insights/latest-news/agriculture/012422-canadas-common-wheat-exports-rise-63-on-week-durum-wheat-shipments-fall
10. AG and China - https://ipolitics.ca/2022/01/21/chinese-ambassador-pitches-improved-trade-to-western-canada/
11. Food security - https://globalnews.ca/news/8532207/canada-grocery-stores-food-supply-prices/
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
Milk sold off the farms over the past 7 years has grown by about 2.7% to 3% range.
Dairy farmers are concern with carbon pricing. Dairy farmers like other farmers would rather see carbon exemptions compared to carbon taxes. The key area of focus should be vertical and expert farming through changes to tax code including capital cost allowances.
Food inflation will continue to be a challenged for governments around the world. High food prices are expected to remain high through mid 2023.
Supply chain continues to face many challenges including bottlenecks and high cost of fuel and other input costs.
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.
Summary:
The total amount of milk sold off farms in June decreased 0.2% year over year to 787 888 kilolitres. Meanwhile, milk sold off farms for fluid purposes increased 0.6% to 214 845 kilolitres. Milk sold off farms for industrial purposes decreased 0.6% year over year to 573 043 kilolitres. Total cash receipts from milk and cream sold off farms amounted to $663.7 million in June, up 11.0% year over year.
Source - The Daily — Dairy statistics, June 2022 (statcan.gc.ca)
Summary
USA has filed 2nd trade complaint against Canada’s dairy sector
Baby formula issues plague the globe. Canada has its own supply issues with formula
Canada is working on a trade deal with the UK that will exclude Canadian cheese
High energy, fuel, and feed costs are hampering dairy farms across Canada
Summary:
Since September 2018 the cost of milk has risen higher than the targeted inflation of 2.1%. Pre-2019 milk prices were very stable.
Milk Production is marginally up from Jul/22 vs Oct/15.
Plant-base foods continue to grab a footprint in terms of food products.
Farmers have complained to all levels of government about the possible policy changes related to sales of farms, input costs, use of fertilizers. The federal government has not been transparent on how their net-zero policies will be implement with the agricultural sector.
Canada global ranking in 2021 for food security has dropped to 21st from 19th in 2019 - https://www.macleans.ca/food-insecurity/canadian-food-insecurity-by-the-numbers/
Blog – Dairy and Farming Sector – April 2022 – Canada
Canadian farmers continue to struggle with high input costs
Canadian farmers continue to demand better policies to address both food costs and security
The carbon taxes have been tied to green inflation. There is no way the Liberals will ever hit 2.1 to 2.3% inflation target unless there is a drastic policy shift.
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
Canada dairy sector is very important sector in Canada, especially in Quebec. The dairy sector is facing many challenges including high input costs, reducing methane emissions, trade wars, etc.
Blog – Dairy Sector – Canada – Analysis and Commentary – January 2023
Sustainability and Dairy Farming - https://dairyfarmersofcanada.ca/en/dairy-in-canada/dairy-excellence/why-canadian-dairy-farmers-are-serious-about-sustainable-farming?gclid=CjwKCAjwoIqhBhAGEiwArXT7K5BvRYIde9Whsid-hJC-_sNRglZYu4yGNPuc5zbMD5AKA2y-6ECThhoCVBQQAvD_BwE
Milk and dairy prices continue to see wild swings - https://capitalcurrent.ca/dairy-farmers-viral-video-sparks-debate-over-milk-quotas-supply-management/
Food prices and 2023 Budget - https://www.elliotlakestandard.ca/opinion/columnists/agar-budget-needs-to-address-price-of-groceries/wcm/dfe84e00-4e1f-45f6-b192-7d817b3c06d3
Global dairy production - https://www.naturalproductsinsider.com/business-operations/ranking-top-20-global-dairy-companies
Dairy innovation - https://www.farms.com/news/dairy-farm-innovations-yield-big-environmental-benefits-191585.aspx
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.
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
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
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
There has been little discussion of a economic road map as part of the managing COVID19. The economy has many parts to it as such govt needs to come up with fiscal and economic road map as part moving Canada through the COVID19 crisis.
Agriculture Equipment Sector - Analysis and Commentary - Farming.pptxpaul young cpa, cga
Blog – Farm Receipts and Income – Agricultural Sector – Canada – August 2022
All levels of government need to work together to ensure food security as part of managing the cost of food around the globe.
Advancement in areas like expert and vertical farming are very critical when it comes to addressing food security.
Farmers in Canada seen a rise in their farm receipts from January 2022 to July 2022. More needs to be done to address crop yields, input costs, and getting goods to market.
More needs to be done to protect scarce resources like water and arable land.
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
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
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
Canada dairy sector is very important sector in Canada, especially in Quebec. The dairy sector is facing many challenges including high input costs, reducing methane emissions, trade wars, etc.
Blog – Dairy Sector – Canada – Analysis and Commentary – January 2023
Sustainability and Dairy Farming - https://dairyfarmersofcanada.ca/en/dairy-in-canada/dairy-excellence/why-canadian-dairy-farmers-are-serious-about-sustainable-farming?gclid=CjwKCAjwoIqhBhAGEiwArXT7K5BvRYIde9Whsid-hJC-_sNRglZYu4yGNPuc5zbMD5AKA2y-6ECThhoCVBQQAvD_BwE
Milk and dairy prices continue to see wild swings - https://capitalcurrent.ca/dairy-farmers-viral-video-sparks-debate-over-milk-quotas-supply-management/
Food prices and 2023 Budget - https://www.elliotlakestandard.ca/opinion/columnists/agar-budget-needs-to-address-price-of-groceries/wcm/dfe84e00-4e1f-45f6-b192-7d817b3c06d3
Global dairy production - https://www.naturalproductsinsider.com/business-operations/ranking-top-20-global-dairy-companies
Dairy innovation - https://www.farms.com/news/dairy-farm-innovations-yield-big-environmental-benefits-191585.aspx
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.
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
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
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
There has been little discussion of a economic road map as part of the managing COVID19. The economy has many parts to it as such govt needs to come up with fiscal and economic road map as part moving Canada through the COVID19 crisis.
Agriculture Equipment Sector - Analysis and Commentary - Farming.pptxpaul young cpa, cga
Blog – Farm Receipts and Income – Agricultural Sector – Canada – August 2022
All levels of government need to work together to ensure food security as part of managing the cost of food around the globe.
Advancement in areas like expert and vertical farming are very critical when it comes to addressing food security.
Farmers in Canada seen a rise in their farm receipts from January 2022 to July 2022. More needs to be done to address crop yields, input costs, and getting goods to market.
More needs to be done to protect scarce resources like water and arable land.
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
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
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.
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/
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.
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
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
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 email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos
3. AGENDA
• Dairy Market – Canada
• Subsidies/support for Dairy Production
• Milk Production (World)
• USCMA / Freeland
• Issues at hand
4. INTRODUCTION
• High production and low demand for milk related products
• Farmers in some jurisdiction are losing money and looking for government support
• Farm incomes struggled in 2018 –” The realized net farm income of agricultural producers fell 45.1% in 2018 to $3.9 billion, the
largest percentage decrease since 2006. This followed a 2.8% decline in 2017. ” https://www150.statcan.gc.ca/n1/daily-
quotidien/190528/dq190528a-eng.htm
• Attacks have begun on Canada as part of tearing down the supply management system
• New Trade deals (CETA and TPP) along with renegotiated NAFTA (USCMA)
• Systemic issues are not being resolved
• Capital recovery
• Production quotas not being established
• Opening new markets for milk exports
• Inefficient/small farms
• Government subsidies and bail outs are in place in many countries
5. DAIRY MARKET / CANADA
Government of Canada - https://www.dairyinfo.gc.ca/index_e.php?s1=cdi-ilc&s2=aag-ail
7. DAIRY MARKET / CANADA
Government of Canada -
https://www.dairyinfo.gc.ca/index_e.php?s1=cdi-ilc&s2=aag-ail
8. SIZE OF HERD
Source – Government of Canada -
http://aimis-simia-cdic-
ccil.agr.gc.ca/rp/index-
eng.cfm?action=pR&r=219&pdctc=
9. TOP DAIRY PRODUCING COMPANIES
Source - http://www.dairyinfo.gc.ca/pdf/emp_dpm_e.pdf
• Dairy Farmers of America contributed
to Republican Party election Campaign
-
https://www.opensecrets.org/pacs/pac
2pac.php?cycle=2018&cmte=C0000138
8
• USA Subsidies to Dairy “The
calculations include government
expenditures outside of dairy
programs, such as subsidized irrigation
water, nutrition programs and
government loan programs. For
example, the benefits of state and local
irrigation programs are estimated at
$2.1 billion.”
https://www.realagriculture.com/2018
/02/u-s-dairy-subsidies-equal-73-
percent-of-producer-returns-says-new-
report/
• Canada’s government needs to look at
ways to softening the blow when the
tariffs removed including similar
policies of the USA, i.e. tax write-off,
price support, transitioning funding
10. DAIRY MARKET / CANADA
Government of Canada - http://www.dairyinfo.gc.ca/index_e.php?s1=dff-fcil&s2=imp-exp&s3=bal
North America ($474.7 million), the European
Union ($226.5 million) and Oceania ($93.3
million), together these regions accounted for
88.4% in value of total imports, a 1.6% drop
from 2014. The United States ($474.6 million),
New Zealand ($83.6 million), France ($62.3
million), Italy ($56.3 million), and Switzerland
($46.2 million) were the top country suppliers.
Imports
Exports
North America ($114 million), Asia ($36.2
million) and Africa ($24.2 million), together
represented almost 82.7% in value of total
exports. The United States ($104.2 million),
Egypt ($20.1 million), China (9.9 million),
Mexico ($9.4 million) and Saudi Arabia ($7.3
million) were the top destination countries.
14. DAIRY INDUSTRY COMPARISON
Country Government
Canada • Quota System/Supply Management
• No subsidies
United States • Crop insurance
• Subsidies removed, but bail outs have
happen
New Zealand • No subsidies
• Cooperative to export milk
Australia • Government provides subsidies and
other support
15. TPP AND DAIRY
• The market access provisions in the text are unchanged from the first agreement, which gave TPP countries (including the U.S.) access to the
following share of the domestic market:
• 3.25 percent for dairy
• 2.3 percent for eggs
• 2.1 percent for chicken
• 2 percent for turkey, and
• 1.5 percent for broiler hatching eggs.
• Supply managed producer groups are questioning why Canada agreed to the same terms when the largest economy in the original deal —
the U.S. — is no longer a member.
• “Although the loss of the U.S. represents a loss of approximately 60 percent of the original TPP market GDP, the original concessions to our
domestic dairy market remain,” notes Dairy Farmers of Canada, in a news release calling Tuesday “a somber day for the 221,000 Canadians
that depend on the dairy sector for their livelihood.”
In 2015, after agreeing to the original TPP with the U.S., the Conservative government immediately announced a $4.3 billion set of programs for
the dairy and poultry industries to offset market share lost to imports under TPP and CETA. This money was never approved by the Treasury
Board as the Conservatives lost the federal election two weeks later. (The Liberals have since rolled out a $350 million package for the dairy
sector to soften the impact from CETA.)
Source - https://www.realagriculture.com/2018/01/new-tpp-deal-without-the-u-s-same-concessions-for-canadas-supply-managed-sectors/
16. DONALD TRUMP / CANADA DAIRY INDUSTRY
• In a fiery speech to factory workers in Wisconsin on Tuesday, Trump vowed to "stand up for our dairy
farmers" in the state. The president also called Canada's dairy system a "one-sided deal," saying the
North American Free Trade Agreement rules between Canada and the U.S. were "a complete and total
disaster" overall.
Donald Trump – CBC News – April 19, 2017
Note:
Dairy Producers are lobbying Trump to include Canada’s supply management system as part of NAFTA.
17. TRANSITION FUNDING AND ISSUES
Trade Deal CPC LPC
CETA Deal was not ratified until after the
2015 election
$350M
TPP Deal was not ratified until after the
2015 Election
Under the agreement, the other 10
nations will have market access that
equals 3.25 percent of Canada’s
annual milk production.
If dairy imports from TPP countries
reach that level, it would represent a
$246 million hit, annually, for
Canada’s dairy industry.
USMCA NAFTA re-negotiated (Trump era) That’s likely to happen in a couple of
ways. First, the deal is reported to
grant US dairy producers access to
3.59% of Canada’s dairy market
All Deals $4.3B (over 10 years) $4.3B (Over 10 years)
18. MILK PRODUCTION
Source - https://www.worldatlas.com/articles/top-cows-milk-producing-countries-in-the-world.html or https://www.dairyglobal.net/Market-trends/Articles/2019/1/2030-
Less-dairy-farms-and-new-players-378776E/ https://www.thebullvine.com/news/china-and-africa-to-lead-growth-in-global-dairy-consumption/
19. BLOG – DAIRY
• “It appears that now Ms. Freeland will make concessions on dairy. I said many times you need to be at the table or you
will have a forced with a deal. Trudeau has no choice but to sign the deal as his government will have little wiggle room to
make changes to new trade agreement. “
• https://www.theglobeandmail.com/business/article-canada-ready-to-give-way-on-dairy-for-nafta-deal/
• https://www.newswire.ca/news-releases/canadas-dairy-supply-management-system-has-stood-the-test-of-time-remains-relevant-and-
resolutely-modern-670130113.html
• https://www.intheblack.com/articles/2018/08/01/dairy-industry-peter-skene
•
• https://www.washingtonpost.com/business/2018/09/01/holy-cow-how-canadian-dairy-pricing-soured-nafta-
negotiations/?utm_term=.d325e9b7a6e7
•
21. ISSUES AT HAND
• Many countries have protectionism policies to support various industries in their countries.
• Issues facing AG Sector - https://www.slideshare.net/paulyoungcga/2019-election-farm-and-agricultural-sector-canada-may-2019
• Canada imports milk from countries like United States
• WTO needs a new mandate , i.e. fair-trade practices - https://www.slideshare.net/paulyoungcga/2019-election-global-trade-barriers-and-protection-wto-canada-
september-2019
• Countries like New Zealand and Australia export much of their milk production. Canada exports little in terms of milk production.
• Canada can learn from the Australia model – “After deregulation of the industry in 2000, prices for fresh milk fell and producers are now able to interpret
global price signals and adjust their investment and planned output based on real-world demand, rather than face the inefficiencies, rigidity, and
perverse incentives associated with government control.”Source - https://www.fraserinstitute.org/studies/phasing-out-supply-management-lessons-from-
australias-dairy-industry
• USA provides compensation to farmers through price supports and subsidies - https://www.realagriculture.com/2018/02/u-s-dairy-subsidies-equal-73-
percent-of-producer-returns-says-new-report/
• Small business tax change / Canada – Dairy Farmers “Restrictions on income splitting, tax rules for passive income, succession planning”
• https://www.bdo.ca/en-ca/insights/industries/agriculture/how-the-proposed-tax-changes-will-impact-canadian-farmers/
• Subsidies can mean different things to different people
• Quota system which sets limits and price. Consumers paid to support the market through higher consumer prices
• Free-market system which means you pay what you get through commodity exchanges. Government can provide direct subsidies and/or other
methods like crop insurance to support dairy production
• Transitioning to a free-market system would require transitional moneys. New Zealand offer transitioned money as part of adjusting their milk production
system