Here is a look at the AG Equipment Sector

1. Agriculture Equipment
Sector – Analysis and
Commentary
PAUL YOUNG CPA CGA
OCTOBER 12, 2020

2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. Agenda
 North American AG Equipment Sales / July 2020
 Commodity Prices
 Food Prices
 Farming Income
 Top Farming States
 Food Processors
 Technology and Farming
 Government and Farming
 Summary

4. North American Equipment Sales
Source - https://www.aem.org/Market-Data/

5. Commodity
Prices
Source – BMO

6. Food Prices
 Canada Food Prices - https://cfjctoday.com/2020/07/30/food-prices-on-the-rise-amid-covid-19-
pandemic/
 USA Food Prices - https://www.reuters.com/article/us-usa-economy/us-consumer-prices-push-higher-
high-unemployment-likely-to-keep-lid-on-inflation-idUSKCN2581SA
 World Food Prices - https://www.ontariofarmer.com/business/farm-business/world-food-prices-rising

7. 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

8. Top Farming States
Source - https://www.statista.com/statistics/196114/top-10-us-states-by-number-of-farms/

9. 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

10. 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/

11. 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

12. Summary
 All levels of government need to work together to better support the agriculture
and food processing sector
 The world needs to unite to fixed issues with WTO
 More balanced between environmental and economic policies.