Canadian Industrial Profile: Agriculture—Summer 2018
The Conference Board of Canada, 2 pages,
August 2, 2018
This industry profile provides a five-year forecast for Canada’s agriculture industry.
- Labour Shortages—Agriculture is experiencing significant and increasing labour shortages, with high rates of unfilled vacancies. Seasonality, perceptions about the industry, its rural location, and relatively low rates of pay are all factors.
- Global Demand—The demand mix for different agricultural products continues to evolve. Demand for oilseeds and wheat remains heavily dominant in Asian countries, but North American and European nations have boosted their consumption of protein-rich plants as substitutes for meat.
- Trade—Amid uneasiness with respect to the trade environment in North America, the U.S. administration is taking aim at Canada’s supply-management system. Canadian famers are coping with an unusually high level of uncertainty at this time.