Regina-based Farm Credit Canada says farming continues to reflect cautious optimism for 2018.
In a year-end report, FCC says trade and weather were among the key issues facing Saskatchewan farmers in 2017.
FCC principal agricultural economist, Craig Klemmer, says the lower value Canadian dollar also had a positive impact on farm prices and income.
“I think that’s been a good thing in terms of helping promote Canadian commodity prices and helping support commodity prices for producers here in Saskatchewan,” Klemmer says. “Another big thing that we saw in 2017 is that land values continue to increase at a fairly strong rate, although at a much slower rate than we have seen the last few times.”
Klemmer adds the census also shows an increasing number of younger farmers entering the industry.
He says it shows the optimism in agriculture in Saskatchewan and across the country.