Canadian Seed Growers Assoc renegotiates AND Demand for farm equipment

The Canadian Seed Growers Association (CSGA) has a new affiliation agreement with its seven regional branches. The agreement includes the Alberta-British Columbia Seed Growers, Saskatchewan Seed Growers, and the Manitoba Seed Grower Associations. CSGA Executive Director Doug Miller says with the industry going through a seed industry modernization initiative it's important to have unity and a clear messageOverall demand for farm equipment is projected to remain strong into 2023, despite rising interest rates and a weakening Canadian US exchange rate. Farm Credit Canada's 2023 outlook for the farm equipment market indicates demand is being supported by strong farm cash receipts, even with commodity prices softening from peak levels. FCC Chief agricultural economist J.P. Gervais believes as supply chains recover, equipment manufacturers are expected to increase the delivery of new equipment orders. But inventory levels will remain below pre-pandemic levels and will remain tight beyond 2024.Gervais will talk about the farm equipment sector and the recent food and beverage report.See omnystudio.com/listener for privacy information.