After 2 years of record income, Canadian farmers and ag equipment retailers are girding themselves for a much different year in 2010. Not only has weather taken its toll in the Western Plains, but the global recession looks like it’s finally catching up with the Canadian economy.

Lagging Income

In mid-Spring, Agricultural Canada issued the 2010 farm income forecast that projected that the country’s farmers were facing a 91% drop in net income compared with…