The Economics team with Farm Credit Canada have been studying charts to try and predict what is in store for the agricultural and food industry in 2022.
The pandemic has caused slower than expected recovery, and there were multiple challenges that rocked the industry in 2021, which caused challenges when forecasting this year.
That being said, the FCC says that producers and processors should keep an eye on five key trends.
They are: Inflation and interest rates, supply chain and labour force challenges, supply and demand for key commodities, shifting consumer demand for meat, and innovation.
For more economic insights and analysis on the top trends to watch for Canada’s agriculture and food industry in 2022, visit FCC Economics at fcc.ca/Economics.
