Photo: yalcinsonat1/iStock/Getty Images

Food and beverage sales to fall in 2024; processor margins to improve

Stabilizing or declining input prices working their way through the supply chain, FCC says

Farm Credit Canada is predicting Canadian food and beverage sales will fall slightly this year as consumers manage tight budgets. Gross margins, however, should increase as the effects of falling commodity prices work their way through the supply chain, the farm lender said in an April 9 news release.


(Lightguard/E+/Getty Images)

You’re ready to roll for spring. Is your financial strategy?

SPRING Farmers face tighter margins as commodity prices plunge and input costs hold firm

Commodity prices are at least a third lower than last year and input prices are stubbornly high, so farmers will need a spring strategy to squeeze every dollar from every acre, experts warn. “There’s going to be pressure on the margins for pretty much most of the crops that we grow in Manitoba and across

Farm margins like squeezing profits from a dry sponge

Farm margins like squeezing profits from a dry sponge

High costs and low commodity prices lead to return of tight margins

Farmers can expect tighter margins for the foreseeable future, says Manitoba Agriculture farm management specialist Darren Bond. “This is not 2022 or even the early parts of 2023; this is a return to historic-type margins,” said Bond. “I think that profit is still attainable for this upcoming year but we’re going to have to work



Photo: Thinkstock

Crop revenue ‘mowed down’ by falling prices

Producers can expect a profitability pinch compared to last year

Glacier FarmMedia – Last year was the most expensive crop to ever be planted on the Prairies. In 2024, farmers will spend less on fertilizer, diesel and other inputs, but costs are only marginally lower, said Darren Bond, a farm management specialist with Manitoba Agriculture, “The crop this year … the cost of putting in

Comment: Looking for traction

This year had a lot of agriculture searching for normal

In early November, I put on boots with the heaviest traction I could find, opened the door and attempted to strike out for a walk with the family dog. Manitoba had just been blasted with an early shot of winter and, although it would all soon disappear, the entire landscape at the time was glazed