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Farming Forecast Remains Strong

ID: 1416438

Outlook for Agriculture Sector Released

(firmenpresse) - OTTAWA, ONTARIO -- (Marketwired) -- 02/19/16 -- Agriculture and Agri-Food Canada

Today Agriculture and Agri-Food Canada released the 2016 Canadian Agricultural Outlook. The report provides a forecast of farm income in the agricultural sector for the previous and current calendar years (2015 and 2016), and looks ahead ten years to longer term trends that could impact the agriculture sector. Farm incomes are forecasted to reach record levels for Canadian farmers in 2015, and to remain above average for 2016.

A projected increase in both crop and livestock receipts contributes to these strong income levels for the sector in both 2015 and 2016. An increase in global trade and greater demand for agricultural commodities by developing countries present opportunities to further grow the Canadian agriculture sector.

Quick Facts

Canadian Agricultural Outlook Highlights:

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"Canada''s agriculture and food industry is well positioned for continued success. The Government of Canada will support the continued growth of the sector by working closely with our provincial and territorial partners, investing in research and innovation here at home, and working to open new markets around the world."

- Lawrence MacAulay, Minister of Agriculture and Agri-Food

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Background

The Canadian Agricultural Outlook is one of Agriculture and Agri-Food Canada''s measures of the strength of the agriculture sector and its contribution to Canada''s economy. This forecast represents an outlook for farm cash receipts, expenses and net incomes. The report also highlights the trends that are expected to influence global agriculture and agri-food markets over the medium term (2016 to 2025).

The analysis presented in this report is prepared in consultation with provincial governments and Statistics Canada and can be used as a benchmark for governments and industry planning.





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613-773-7972
1-866-345-7972

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Bereitgestellt von Benutzer: Marketwired
Datum: 19.02.2016 - 14:09 Uhr
Sprache: Deutsch
News-ID 1416438
Anzahl Zeichen: 2875

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OTTAWA, ONTARIO


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Government & Administration


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