(Dave Bedard photo)

FCC’s top economic charts to monitor in 2024

Downward trends for cattle, swine herds; positive bent to feed, fertilizer affordability

As we start the new year amid elevated inflation and major headwinds facing the economy, here are our top charts to help make sense of the economic environment for farm operations, agribusinesses and food processors.



File photo of a potato field in Alberta’s Lacombe County. (COrthner/iStock/Getty Images)

Alberta potatoes chip in $2.9 billion for Canadian economy

New report verifies what many in industry suspected

Alberta’s potato industry is making a big impact — not just on that province but the entire country. A new report — dubbed a “landmark study” by the Potato Growers of Alberta — revealed the sector drove a total contribution of $2.87 billion to Canada’s economy in 2022. It also notes the nationwide creation of

Smoke billows during a fire in an area of the Amazon rainforest near Humaita, Amazonas State, Brazil on Aug. 14, 2019. (Photo: Reuters/Ueslei Marcelino)

Market value alone is selling nature short, governments told

Economic valuations needed but 'not sufficient,' co-chair says

Reuters — What is the value of a river? Is it for the nutritional content of the fish it sustains? The economic benefit of the local livelihoods it supports? Or does the river have its own value which humans cannot measure? Such questions may seem removed from the issues the world faces, from deepening climate

Opinion: A broken system

Supply chain fragility reveals overall economic fragility of globalization

One of the most beautiful – and inexplicable – aspects of economics is how its practitioners never seem to be wrong. Indeed, almost every school of economic thought, from John Maynard Keynes’ demand-driven economics on the left to Arthur Laffer’s supply-side economics on the right, is crowded with disciples defending their leader’s theories and just


Comment: Global economy hit by severest shock since 1930s

Fast policy response necessary to reduce impact of secondary rounds

Reuters – Recessions often start with a small drop in activity which then progressively deepens over subsequent months as the second- and higher-round effects on the economy start to occur. But the current business cycle downturn looks very different. In terms of its scale and sudden onset, there is no parallel since the end of


The U.S. continues to put pressure on Canada regarding supply management, particularly around the country’s dairy industry.

Ritz optimistic for TPP

Canada says it has put offers on the TPP table, while the U.S. continues to disagree

Canada’s agriculture minister says Canada won’t negotiate in public when it comes to the Trans-Pacific Partnership (TPP), the proposed wide-ranging free trade agreement among a group of Pacific Rim countries. Responding to questions at an unrelated event in Winnipeg last week, Agriculture and Agri-Food Minister Gerry Ritz said Canada has put forward strong proposals regarding


One of many crops near Roseisle, Man. hit by severe hail June 27.

MASC explains why sometimes it defers hail claims

Assessing loss is easier when the crop is still young or has set seed and harder in between those two stages

As this summer’s hail claims roll in, the Manitoba Agricultural Services Corporation’s assessment practices are being questioned by farmers who say the agency is too slow to cut a cheque. (MASC) says its spot loss hail insurance program is similar to what private hail insurance companies offer. But at least one Manitoba farmer disputes that

Canada needs a different tact in international trade

Canada needs a different tact in international trade

Instead of defending supply management it needs to attack competitors’ subsidies

Supply management polarizes opinions: defend the status quo or dismantle the system. Unfortunately, this masks important strategic choices with implications for the dairy industry and, by extension, Canada’s agri-food sector as a whole. Canada’s internal debate keeps the country on a defensive footing. It is time to get offensive by focusing on other countries’ agricultural