According to a Nov. 15 report from Farm Credit Canada by Senior Economist Leigh Anderson, ag implements is one of 2 equipment categories forecast for sales growth in Canada in 2024.
The latest data from Statistics Canada on Canada’s agricultural implement manufacturing industry (NAICS 33311) reveals that 61.5% of all Canadian ag implement manufacturing imports came from the U.S. in 2022, up from 59.4% in 2021.
The latest data from Statistics Canada on Canada’s agricultural implement manufacturing industry (NAICS 33311) reveals that 80.2% of all Canadian ag implement manufacturing exports went to the U.S. in 2022, up from 77.5% in 2021.
The ongoing pandemic is set to test the resilience of farms in 2020. Statistics Canada’s estimates of 2019 farm cash receipts (FCR) suggest a relatively positive year for agriculture. FCR increased in 2019 by $3.6 billion, or 5.7%.
While poor planting conditions are challenging U.S. growers throughout the country’s Corn Belt this spring, farmers in Canada have their own weather problems to contend with.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.