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Canadian Crop Producers Optimism at All Time High

30 January 2012

CANADA - Optimism among crop producers has never been higher than it is now. Eight in ten crop producers (82 per cent) agree that their farm or business will be better off five years from now.

It is likely that optimism for the future among crop producers is backed by the fact that eighty six percent of crop producers feel that their operation is better off today than it was five years earlier. In fact, crop producers are more likely than any other sector to feel that their operation is better off today and they are also the most likely to be optimistic of the future.

Crop producers display optimism through their plans to expand and diversify their operations. In total, nearly six in ten crop producers plan to expand or diversify or both (56 per cent). Fourteen percent of crop producers plan to reduce their operation or exit the industry while three in ten (30 per cent) plan no changes.

Advocating careers in agriculture is another way that crop producers show that they are optimistic about the future. Seven in ten crop producers (73 per cent) would recommend a career in primary production while eight in ten (83 per cent) would recommend a career in an agricultural related field. In the past year alone, four in ten crop producers have recommended a career in an agriculture related field (43 per cent) and in primary production (38 per cent).

Producers in the crop sector are comfortable sharing their outlook with others. More than nine in ten crop producers (92 per cent) have shared their outlook on their operation with others and nearly seven in ten producers (68 per cent) feel comfortable sharing with those outside of agriculture. When producers talk with those outside of agriculture, the discussion tends to centre on uncertainty associated with the economy, the future of the industry and commodity prices.

TheCropSite News Desk

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