Farms.com Home   News

Farm Credit Canada recently released its 2023 market outlook for the beef and hog sector

FCC's chief economist JP Gervais says it's an interesting time in the ag markets right now.

He points out that a key factor overall right now is the high-interest rates, something he doesn't expect to see change anytime soon. 

Gervais says commodity prices have come down lately and there's a lot of uncertainty going forward as to what the crops are going to look like in the prairies and around the world.

"You know, you look south of the border and some of the challenges that they have with winter wheat right now. That has been giving a little bit of life in the wheat market."

Overall for grains and oilseeds, it's a matter of weaker commodity prices than what we had in recent years, while in the livestock sector, there are a couple of different things happening.

Click here to see more...

Trending Video

Legacies of the Land - Episode 2 - Riney Dairy

Video: Legacies of the Land - Episode 2 - Riney Dairy

"After doing all the research and seeing that I'm the 10th generation to farm in central Kentucky, it really opened my eyes to the legacy that we have here." — John Riney

Watch the Riney family's story in AGCO's #LandLegacies series.

Ten generations on the same piece of Kentucky land — and a legacy of family, faith and dairy farming passed from one to the next. In this episode of Legacies of the Land, the Riney family shares what it takes to keep a multi-generational farm going, and why the work still matters.