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Decline in Number of Canadian Farms Slows

The number of Canadian farms is continuing to decline as the industry consolidates and producers age. But the pace of that decline is slowing. 

In its first release of data from the 2021 Census of Agriculture on Wednesday, Statistics Canada pegged the total number of farms in the country at 189,874, down a relatively modest 1.9% from the previous Census of Agriculture in 2016. The trend toward fewer farms has been ongoing for decades, but this past year’s decline was nonetheless the smallest in a quarter century. 

Between 2011 and 2016, the number of Canadian farms fell 5.9%, and dropped 10.3% in the previous census period from 2006 to 2011. 

“Over time, farms have been evolving to become increasingly sophisticated businesses that harmonize automation, modernization and production operations,” StatsCan said. “As a result, many farms have consolidated and become increasingly larger both in terms of sales and number of employees. Conversely, smaller and mid-sized farms are declining in Canada, thereby impacting the rural landscape and profile of Canadian regions.”      

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Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

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Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.