The livestock sector is forecast to be the strongest area of growth in agriculture in the coming year — the outlook is based on cash receipts.
Farm Credit Canada chief agricultural economist J.P. Gervais says projected cash receipts for livestock will jump five to 12 percent in the coming year.
He says the grain sector will remain relatively strong despite dry weather.
“We’re projecting crop receipts, or receipts of grains and oil seeds to be down one or two percent,” Gervais said. “And that’s off a record year in 2016. I do believe that’s actually quite positive.”
Despite the record dry summer in the south, Gervais says many farmers in Saskatchewan had relatively good crops.