Quebec’s agriculture general picture

Quebec’s agriculture general picture

  • Quebec’s Farmland annualized price growth over (Note: stable or ↑ since 1984)

10 years (2002-2012): 6.8%(1)
  5 years (2007-2012):  14.4%(1)
   1 year (2011-2012):   19.1%(1)
  • In Quebec the average farmland value never decreased during this period.
  • ACCORDING TO A SURVEY: AGGRICULTURAL PRODUCERS ARE OPTIMISTIC
  • 79% of Quebec producers recommend a career in the food industy, shoowing their optimism for future growth(2).
  • 77% believe their situation improved in the last 5 years(2).
  • 80% of producers and agri business owners believe that the situation will be better in 5 years(2).
  • 115,000 hectares of farmland will be available over the next 5 years.

  • Quebec benefits from many agricultural advantages (water, high yielding arable land, favourable climate for agriculture).

  • Quebec’s territory is 13% water: 201,753 km².

  • In summary: Quebec has good soil, water, few crop diseases and insects.

  •  QUEBEC AND THE UNITED STATES:

    • The generalized drought in the United States could create opportunities but could also bring on additionnal challenges(3).
    • The 2012 drought in the United States is the most severe since 1956.
(1) Sources: La Financière agricole du Québec and Groupe Agéco, Valeur des terres agricoles dans les régions du Québec, 2012 Edition.
(2) Source: 5th annual survey of Farm Credit Canada.
(3) Source: Jean-Philippe Gervais, Senior Agriculture Economist at Farm Credit Canada.

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