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Rising food costs continue to hammer household budgets More and more farmers are adopting technology as part of improving their crop yields Governments around the world need to address issues with food supply and costs 1. Crop production - https://www.farmprogress.com/morning-market-review/morning-market-review-october-12-2021 2. AG Equipment - https://www.farmprogress.com/equipment/agriculture-equipment-economic-outlook 3. AG Subsidies - https://insidetrade.com/daily-news/us-ag-subsidies-hit-all-time-high-2019-just-shy-wto-limit 4. Vertical farming - https://techcrunch.com/2021/10/10/on-ten-years-of-the-vertical-farm/ 5. AG futures - https://www.dtnpf.com/agriculture/web/ag/markets/futures 6. Food prices - https://news.yahoo.com/food-prices-rise-highest-level-183100670.html 7. Food - https://www.bbc.com/news/business-58847275 8. Supply chain woes - https://www.agri-pulse.com/articles/16619-supply-chain-woes-hit-us-ag-sector-hard 9. Water - https://www.weforum.org/agenda/2021/10/ancient-water-management-techniques-prairie-farmers-drought-climate-change-solution 10. Innovation - http://www.fruitnet.com/fpj/article/186534/gs-takes-lead-in-3-6m-science-programme 11. AI and farming - https://www.ai-startups.org/top/agriculture/ 12. Technology - https://www.businessinsider.com/15-agriculture-tech-startups-vcs-take-off-2021-9

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The world continues to face challenges due to supply chain disruption. More needs to be done by all levels of government to support food security. 1. Food Prices - https://financialpost.com/pmn/business-pmn/food-prices-may-sow-seeds-of-next-inflation-crisis-nomura-says 2. Food prices - https://geneticliteracyproject.org/2021/11/12/food-prices-have-increased-by-33-worldwide-and-costs-are-continuing-to-rise-how-can-we-boost-productivity-to-feed-a-growing-population/ 3. Integration - https://india.mongabay.com/2021/11/integrated-farming-systems-emerge-as-possible-climate-adaptation-solution/ 4. Taxes and Cash Flow - https://www.producer.com/opinion/excess-cash-can-be-tax-problem-for-farming-corporations/ 5. Climate change - https://www.bloomberg.com/news/features/2021-11-10/farmers-battle-climate-change-food-crisis 6. Vertical farming - https://www.itv.com/news/wales/2021-11-11/what-is-vertical-farming-and-could-it-be-a-solution-to-tackling-climate-change 7. Farming - http://thegrower.org/node/3580 8. Innovation - https://www.macleans.ca/economy/how-blockchain-could-revolutionize-food-supply-chains-and-lower-your-grocery-bill/ 9. Food production - https://ipolitics.ca/2021/11/03/canadas-food-production-limited-by-lack-of-labour-and-tech-report/ 10. Innovation - https://foodsafedrains.com/blog/8-innovative-food-technology-trends-for-2021

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Summary: Farm incomes continue to be strong. AG equipment sales had a banner year in 2021. More and more farmers will continue to adopt expert farming and sustainable practices when it comes to managing their crop yields. Agriculture subsidies continue to be a focus area as countries look to expand their AG exports. 1. Crop yields – http://geographical.co.uk/people/development/item/4253-adapt-to-survive 2. Crop insurance and Expert farming - https://www.agri-pulse.com/articles/16975-direct-checks-expected-to-ignite-cover-crop-surge-crop-insurance-may-play-role-too 3. Vertical farming - https://www.hortweek.com/pioneers-shaping-future-vertical-farming/fresh-produce/article/1737366 4. Ag subsidies - https://www.oxfordmartin.ox.ac.uk/blog/meat-and-dairy-gobble-up-farming-subsidies/ 5. Trade - https://www.wattagnet.com/articles/44271-now-is-the-time-to-pursue-us-africa-agriculture-trade?v=preview 6. Trade - https://www.livemint.com/news/world/india-to-remove-longstanding-barrier-to-agricultural-trade-say-us-officials-11641858901225.html 7. Food costs - https://www.citizen-times.com/story/news/local/2022/01/13/rising-food-costs-2022-groceries-restaurants-farmers-department-agriculture/9184619002/ 8. Inflation - https://ca.movies.yahoo.com/december-inflation-sees-fastest-price-152424665.html 9. Farm income - https://katv.com/news/local/farm-incomes-on-the-rise-fryar-center-predicts-trend-to-continue-in-20 10. Outlook - https://upstreamaginsights.substack.com/p/2022-upstream-ag-insights-outlook or https://www.agriculture.com/news/business/2021-was-a-year-unlike-any-other-for-farm-machinery 11. Automation - https://www.gmpresswire.com/agricultural-robots-market-outlook-by-opportunity-and-demand-analysis-forecast-2026/ 12. Fertilizer - https://www.realagriculture.com/2017/12/vervaets-slurry-spreader-features-nir-for-precise-nitrogen-application/

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Summary: Last week, farmers, ranchers, and federal agency officials offered up their advice on how to do that to Congressmembers in two separate hearings. The first hearing was dedicated to the conservation programs through which the USDA pays farmers to adopt sustainable practices and take land out of production. These programs—especially the Environmental Quality Incentives Program (EQIP) and the Conservation Stewardship Program (CSP)—are uniquely popular among farmers and most farm and environmental advocacy groups. But the programs don’t always deliver on their promises around improving soil health or maximizing carbon sequestration. Source - https://civileats.com/2022/02/09/field-report-farm-bill-climate-action-vegan-fridays-meatpackers-usda-csp-eqip/ 1. Farmers - https://www.realagriculture.com/2022/02/nearly-two-thirds-of-farm-family-income-in-canada-from-off-farm-statscan-report/ 2. Farming income - https://www.agriculture.com/news/business/farm-income-is-forecast-far-above-average-for-second-year 3. Equipment - https://www.wholefarmcoop.com/agriculture-and-farm-equipment-market-to-witness-huge-growth-by-2027/ 4. Vertical farming - https://www.hortibiz.com/newsitem/news/vertical-farming-has-a-big-role-in-sustainable-agri/ 5. Farming productivity - https://germination.ca/farmers-innovation-experts-say-canada-needs-a-better-system-to-compete-on-the-world-stage/ 6. Food costs - https://www.mirror.co.uk/money/food-could-end-up-30-26214677 7. Farming - https://www.arabnews.pk/node/1465881/saudi-arabia 8. Top Beef producers - https://beef2live.com/story-world-beef-production-ranking-countries-0-106885 9. Food innovation - https://www.foodnavigator-usa.com/Article/2022/02/11/Dietitians-forecast-a-future-of-food-innovations-warn-against-Tik-Tok-pseudoscience 10. Food Waste - https://www.winnipegfreepress.com/opinion/editorials/food-waste-is-largely-a-solvable-problem-576195892.html

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Blog – What is next for the Agricultural and Food Processing Sector Analysis and Commentary – February 2022 - Equipment sales Combine sales spike on both sides of the border and supply chain struggles continue: AEM – RealAgriculture Food costs - Why calculating cost of production is key to food production business success | FCC (fcc-fac.ca) Vertical farming – Why calculating cost of production is key to food production business success | FCC (fcc-fac.ca) or How will the vertical farming model develop? (verticalfarmdaily.com) ESG and Sustainability Reporting - Sustainable agriculture is the next way ESG investors can fight climate change - MarketWatch Additional Link - https://www.slideshare.net/secret/4lXqqMrT1TY3xk

What is next for Agriculture Sector - February 2023.pptx

Summary Food and beverage sector continues to face many challenges like higher wages, higher food costs, delivery fees, capacity restrictions, etc., due to ongoing pandemic from COVID variants. 1. Bankruptcies - https://www.eatthis.com/news-biggest-restaurant-chain-bankruptcies-2021/ 2. Innovation - https://www.insidehighered.com/blogs/learning-innovation/%E2%80%98-next-supper%E2%80%99-future-restaurants-and-post-pandemic-university 3. AI and restaurants - https://www.fastcasual.com/blogs/how-ai-will-save-the-restaurant-industry/ 4. Technology - https://www.qsrweb.com/articles/technology-at-the-forefront-for-restaurants-in-2022/ 5. Delivery fees - https://www.thestar.com/business/2021/12/20/bc-cap-on-restaurant-food-delivery-fees-to-stay-at-15-through-next-year.html 6. Food costs - https://www.blogto.com/eat_drink/2021/12/food-prices-in-canada-more-expensive-next-year/ 7. Minimum wage - https://torontosun.com/opinion/columnists/lau-minimum-wage-hike-will-hurt-not-help-vulnerable-workers 8. Cybersecurity - https://www.fastcasual.com/podcasts/how-restaurant-technology-continues-to-evolve/ 9. Craft - https://www.fortunebusinessinsights.com/industry-reports/craft-beer-market-100736 10. Healthy - https://www.makeuseof.com/mindful-eating-apps-guides-healthier-diet/

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