A look ahead – Economic factors and your farm
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Are you considering expanding to capture economies of scale, or bringing in more equipment so you can increase production from your labour? Hear J.P. Gervais discuss the future of Canadian agriculture and how it will impact your business.
• In 40 years, Earth’s population could be 9.2 billion, and 97 per cent of that will be from emerging markets.
• For Canada to become an even bigger supplier, food production will need to increase by 60-70 per cent.
• Changing food preferences could be the most important factor in the Canadian agriculture economy.
• Knowing what’s going on at the consumer level can open up more ways for producers and agribusinesses to run their operations.