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/

1. Agriculture Output
and Equipment
Sector - Analysis and
Commentary – May
2023
SENIOR DATA AND AI
SPECIALIST - PAUL
YOUNG CPA CGA
JUNE 13, 2023

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 – ESG and Sustainability Policy
Development and Reporting
• 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@outlook.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/

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
 Rail Car Loading
 Summary

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

5. Key Commodity Prices (BMO)
Source – BMO Economics
PRESENTATION TITLE
2/11/20XX
5

6. Diesel
Cost
SOURCE -
HTTPS://WWW.BARCHART.CO
M/FUTURES/CASH/ENERGIES-
INDEXES/RETAIL-DIESEL

7. Food
Prices
SOURCE -
HTTP://WWW.FAO.ORG/WORL
DFOODSITUATION/FOODPRICE
SINDEX/EN/
7
PRESENTATION TITLE 2/11/20XX

8. Hospitality Sector
Hospitality sector continues to face labour shortages and high food costs
Source - https://www.slideshare.net/paulyoungcga/hospitality-food-service-and-
food-production-sector-analysis-and-commentary-june-2023pptx

9. Blog – Food Prices

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/

11. Farm Income – 2021 Farm Income
2021.pdf

12. Farm Income – 2021 Farm Income
2021.pdf

13. Canada
and Farm
Receipts
SOURCE – STATS CANADA
Farm Income -
202109.pdf

14. Farm Receipts – January 2022 to June
2022

15. Farm Receipts – January 2022 to June
2022

16. Farm Receipts – January 2022 to June
2022

17. Farm Receipts
Source – Stats Canada
Farm Receipts.pdf

18. Farm Receipts
Source – Stats Canada
Farm Receipts.pdf

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

26. Farm Debt
Source -
https://www.portageonline.c
om/ag/agriculture-news-
mb/fcc-economist-says-
farm-debt-under-control-
watch-for-higher-interest-
rates

27. USA Farm Debt
Source -
https://farmpolicynews.illinoi
s.edu/2021/06/farm-lending-
remains-strong-in-2020-
american-bankers-
association-report/

28. Car Loading / Rail - USA

29. Car Loading / Rail
Source – Stats Canada

30. Car Loading / Rail
SOURCE – STATS CANADA

31. Summary
 Farmers continue face issues with input costs
 Improving crop and food production is a focus area by both the private and public sectors
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 analyt
ics.
Adjusting farming practices as part of getti ng 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/art
icles/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 T
ech - https://blog.gitnux.com/agtech-trends/