The Business Of Farming

The Business Of Farming

on January 18 | in Kim Cooper | by | with No Comments

In all the articles we have been sharing about agriculture, just how much have you learned? I know I continue to learn more about this sector every day. The world of agriculture is massive, complex, and always changing. Just how much has agriculture changed over the years? What are producers doing today to keep competitive and innovative? Let’s look at bit closer at farming as a business and try to understand some of the issues facing farmers these days. The information in this article is from the publication entitled “The Real Dirt on Farming II” which is published through OFAC (Ontario Farm Animal Council).

  • Just one hundred years ago, over 50% of Canada’s population was farmers. Today, it’s just two percent. One hundred years ago, a farmer could produce enough food for 10 people. Today, one farmer can feed over 120 people.
  • One hundred years ago, Canadians spent 50 cents of every dollar earned on food. Today, Canadians spend only 10.6 cents of every dollar earned on food. We have among the lowest food prices in the world.
  • The overall number of farms has been falling steadily for years. In 2006, Canada had 229,373 farms compared to 728,623 farms in 1931.
  • In 1931, one in three Canadians lived on a farm. Today, one in 46 Canadians lives on a farm.
  • 98% of Canadian farms are still family-owned and operated, which is good.
  • The average age of a Canadian farmer is 54.
  • The number of young people in farming is falling. Just over 9% of farmers are under the age of 35.
  • Continual innovation, specialization, and persistence have brought the business of farming light years ahead in the production of top quality, abundant, safe, and well-priced food products.
  • For every dollar a Canadian farmer earns, he pays out approximately 92 cents in operating expenses.
  • As the price of fuel and other essential inputs outpace earned income, farmers must become even more productive and efficient to stay in business.
  • Although consumer food prices continue to increase, the amount of money going back to the farmer stays the same or sometimes even goes down.
  • Last year, the average cost of two loaves of bread was $4.94, but the farmer received only $0.22.
  • In Ontario and other provinces, farmers must take a course and pass an exam in order to become certified to purchase and use pesticides.
  • In 1983, Ontario farmers and the provincial government set a goal to decrease agricultural pesticide use in half within 20 years. By 2003, farmers had reduced their use of pesticides by 52% – and it continues to decrease by about 3% every year.
  • Farmers are continually taking courses and attending workshops to make sure they’re up to date with the latest technologies and farming practices. In fact, the 20th Annual Southwest Agricultural Conference recently took place at the Ridgetown Campus of the University of Guelph. Eighty speakers during these two days gave informative and innovative talks to over 1,500 producers from across Southwestern Ontario and beyond. Now that’s a progressive sector!

Think about this – God gave us a gift of 86,400 seconds today. Have we used one of them to say thank you?

Just some food for thought.

Remember that here in Chatham-Kent ‘We Grow for the World’.

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