Canadian wheat farms have grown despite considerable economic volatility through the end of 2023. The industry is highly globalized and reliant on trade, which has improved following the Canadian Wheat Board being dismantled in 2012; the board had restricted the marketing freedom of farms. Demand for Canadian wheat abroad has risen due to its high quality. Additionally, favourable price increases, driven by world wheat prices, have improved farm revenue and profitability. Improved trade ties with emerging economies have also aided growth by improving overall demand. Wheat farming revenue has grown at a CAGR of 4.0% to $15.1 billion through the end of 2023, including a 0.3% increase in 2023 alone.Weak harvest: Declining wheat prices and stagnate demand will result in plummeting revenue
The Wheat Farming industry in Canada comprises establishments primarily engaged in growing one or more varieties of wheat.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
ABOUT THIS INDUSTRY
INDUSTRY PERFORMANCE
PRODUCTS & MARKETS
COMPETITIVE LANDSCAPE
OPERATING CONDITIONS
KEY STATISTICS
Methodology
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