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
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
North American AG Equipment Sales
Commodity Prices
AG Prices – Canada
Preliminary Crop Estimates – Canada
Oilseeds
Energy Prices
Carbon Tax
Food Prices
Hospitality Sector
Farming Income
Top Farming States
Food Processors
Technology and Farming
Government and Farming
Debt
Summary
4. North American Equipment Sales
Source - https://www.aem.org/Market-Data/
US-Month-Ag-Report
-8-2022.pdf
CAN-Month-Ag-Rep
ort-8-2022.pdf
8. Hospitality Sector
Blog – Food Services and Hospitality Sector – Canada and the World – August 2021
The food and beverage sector continue to face many challenges.
https://www.slideshare.net/paulyoungcga/hospitality-and-food-service-sector-canada-august-2021
9. Blog – Food Prices
Blog - With Demand Soaring, Booming Food Sector Turns to Food Contract Manufacturing
As demand for food products increases nationwide, businesses are frequently turning to food contract
manufacturing companies to meet that increased need rather than adding additional capacity internally.
Anticipating that demand will eventually return to normal levels, food producers can work with an experienced
co-packer to enhance their operational efficiency without needing to make substantial asset or equipment
investments in-house that may sit unused later on.
Sourcing for food contract manufacturing on the Thomasnet.com platform is up 133% year over year and up
277% over last quarter averages.
Source - https://www.thomasnet.com/insights/with-demand-soaring-booming-food-sector-turns-to-food-contract-
manufacturing/?ecms_id=03a9e6f7-1a59-4bb8-88af-
2bd41a26780d&ecms_short=ART5898&doc_type=ted_video_article&parent_id=8250e2ab-aea8-49ec-ad90-
fe73f30b2122&utm_content=featuredvideo&linktype=title&channel=email&campaign_type=thomas_industry_update&ca
mpaign_name=tiu211004&utm_campaign=tiu211004&utm_medium=email&utm_source=thomas_industry_update&tinid
=221763045
My work - https://www.slideshare.net/paulyoungcga/food-and-beverage-analysis-and-commentary
10. Farm Income
Farming Income in Canada has been struggling for the past few years -
https://www150.statcan.gc.ca/n1/daily-quotidien/191126/dq191126b-eng.htm
USA farm income and aid - https://www.agriculture.com/markets/newswire/us-farm-income-expected-to-
rise-in-2019-but-only-because-of-government-aid
AG subsidies - https://www.agriculture.com/news/business/world-farm-subsidies-hit-2-billion-a-day
Net farm income, a broad measure of profits, is forecast to decrease $9.8 billion (8.1 percent) to $111.4
billion in 2021. In inflation-adjusted 2021 dollars, net farm income is forecast to decrease $12 billion (9.7
percent) in 2021 after increasing $37.8 billion (44.2 percent) in 2020 to its highest level since 2013. Despite
this decline, 2021 net farm income would be 21 percent above its 2000-19 average of $92.1 billion.
https://www.ers.usda.gov/topics/farm-economy/farm-sector-income-finances/highlights-from-the-farm-
income-forecast/
19. 2020 Farm Income Analysis
Blog - Farm Income
and Expenses - Canada.pdf
20. 2020 Farm Income Analysis
Blog - Farm Income
and Expenses - Canada.pdf
21. Top Farming States
Source - https://www.statista.com/statistics/196114/top-10-us-states-by-number-of-farms/
22. Food Processors
Source - www.fao.org or https://www.globenewswire.com/news-release/2019/09/04/1910664/0/en/Food-Processing-Market-to-Exceed-4-Trillion-
by-2024-Key-Trends-Analysis-Opportunities-to-Succeed.html
23. Plastic Greenhouses / CO2
35% of China’s vegetables come from plastic green houses -
https://www.nextbigfuture.com/2021/03/plastic-greenhouses-provide-35-of-chinas-vegetables.html
Greenhouse farming - https://gulfnews.com/uae/environment/popularity-of-greenhouse-farming-
options-on-the-rise-1.842642
South Korea - https://www.hortidaily.com/article/9306173/overview-vegetable-horticulture-in-south-
korea/
Global Market - https://www.databridgemarketresearch.com/reports/global-plastic-greenhouse-
market
Ontario/Greenhouses - https://windsor.ctvnews.ca/ontario-government-investing-3-6-million-toward-
innovation-projects-in-the-greenhouse-sector-1.5285128
NZ and the Middle East - https://www.freshplaza.com/article/9307955/new-zealand-has-a-huge-tech-
opportunity-in-the-middle-east-s-growing-horticulture-industry/
24. Technology and Farming
AI is transforming farming - https://www.forbes.com/sites/cognitiveworld/2019/07/05/how-ai-is-transforming-
agriculture/#1fa34bec4ad1
AI and farming - https://customerthink.com/the-role-of-artificial-intelligence-in-agriculture-sector/
IBM and farming - https://farmtario.com/news/ibm-expands-artificial-intelligence-platform-into-agriculture/
RPA and Farming - https://blog.accubits.com/robotic-process-automation-in-agribusiness/
IBM and Expert Farming - https://www.prnewswire.com/news-releases/farmplan-using-ibm-pairs-to-predict-blackgrass-
weed-before-it-damages-crops-301151067.html
AG App - https://www.techrepublic.com/article/farming-assistant-app-agrolly-wins-ibms-call-for-code-contest/
Smart farming - https://farmingfirst.org/2020/10/transforming-agriculture-through-smart-farming-from-data-ownership-
to-open-data/
Telecom/Farming - https://ca.finance.yahoo.com/news/agriculture-analytics-market-reach-2-133100885.html
Blockchain and Food Protection - https://blog.trustbix.com/how-blockchain-can-support-food-supply-chain-management
25. Government / Farming
Elimination of trade barriers - https://www.slideshare.net/paulyoungcga/what-is-next-for-for-global-
trade-protectionism
More emphasis on local supply chain management solutions -
https://www.slideshare.net/paulyoungcga/tranformation-of-supply-chains
Tax fairness and regulatory reforms - https://www.slideshare.net/paulyoungcga/does-the-world-need-
a-wealth-tax
Government provides direct subsidies and/or loans to farmers
Government needs to revisit all their programs to ensure various programs are efficient and effective -
https://www.slideshare.net/paulyoungcga/market-food-protein-market-analysis-and-commentary or
https://www.oag-bvg.gc.ca/internet/English/parl_lpt_e_934.html or https://thetyee.ca/Opinion/2016/03/08/BC-
Carbon-Tax-Failure/
Automation can help with automation of audits - https://www.slideshare.net/paulyoungcga/internal-audit-and-
performance-base-auditing
28. Summary
All levels of government need to work together to better support the agriculture and food processing
sector
The world needs to unite to fixed issues with WTO
Farm input costs continue to plague farmers around the world
Water, forest, and land management continue to face world’s population growth
More balanced between environmental and economic policies.
Better land use policies
Blog – Agriculture Output and Farm Equipment Sales – Canada and the World – August 2022
RUSSIA-July-2022-A
g-Tractor-Combine.pdf
US-Month-Ag-Report
-8-2022.pdf
CAN-Month-Ag-Rep
ort-8-2022.pdf
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
How precision
technologies can help farmers increase crop yields.pdf
Food Crisis Europe
Farmers Slow Production Due to the Energy Crunch.pdf
Rabobank sees costs
worrying farmers and eroding spending plans Farm Online ACT.pdf
Mounting input costs
and FMD fears put pressure on Australian farm sector confidence Mirage News.pdf
Deere (NYSE DE) –
Deere Invests Billions In Self-Driving Tractors, Smart Crop Sprayers Report - Benzinga.pdf
Farm Equipment
Market worth $141.6 billion by 2027 – Exclusive Report by MarketsandMarkets™.pdf
Fuel is set to jump 25
cents this month and the European energy crisis could push diesel prices even higher, economist says - ABC News.pdf
Food insecurity
during COVID-19 2SLGBTQ+ people talk about challenges and support.pdf
Get ready for a food
fight High grocery costs are here to stay - POLITICO.pdf
What Decreasing Gas
Prices Could Mean For The Food Industry.pdf
Vertical farming key
part to Brussels' Capital region strategy economic transition.pdf
Indoor Farming
Startup Gotham Greens Raises $310M.pdf
Survey Farmers’
outlook improves, but higher input costs loom as major concern Successful Farming.pdf
Artificial Intelligence
in agriculture eases risk of changing weather patterns - Agriculture Post.pdf
Crop Yields.pdf Agrimart Initial crop
yields better than last year across the province - MooseJawToday.com.pdf
1. Farm Equipment sales outlook – https://finance.yahoo.com/news/farm-equipment-market-
worth-141-114000547.html
2. Diesel - https://www.abc.net.au/news/2022-09-13/diesel-could-get-more-expensive-even-after-
excise-cut-ends/101389754 or https://www.tastingtable.com/1004191/what-decreasing-gas-
prices-could-mean-for-the-food-industry/
3. Food security - https://theconversation.com/food-insecurity-during-covid-19-2slgbtq-people-
talk-about-challenges-and-support-189219
4. Costs - https://www.farmonline.com.au/story/7900849/farm-cost-rises-and-fmd-anxiety-gnaw-
at-ags-buoyant-outlook/ or https://www.miragenews.com/mounting-input-costs-and-fmd-
fears-put-pressure-853507/ or https://www.agriculture.com/news/business/survey-farmers-
outlook-improves-but-higher-input-costs-loom-as-major-concern
5. John Deere - https://www.benzinga.com/news/22/09/28827046/deere-invests-billions-in-self-
driving-tractors-smart-crop-sprayers-to-tap-the-agriculture-productiv