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New farm income record set in 2023, estimates suggest

Despite challenges like drought and war, Canadian farms proved resilient

Reading Time: 2 minutes Canadian farm income may have set a new record in 2023. That's according to the official 2023 and 2024 estimates released February 16 by Agriculture and Agri-Food Canada.

Poland is trying to move Ukraine grain by rail due to Russia’s blockade of Ukrainian sea ports on the Black Sea.  Photo: IanChrisGraham/iStock/Getty Images

U.S. corn, soybean, wheat yields to rise in 2024/25

More soybean acres; corn and wheat area to drop

Reading Time: 2 minutes Yields for United States soybeans, corn and wheat were projected to increase in 2024/25, according to the Department of Agriculture at its 100th annual Outlook Forum on Feb. 15. Also, the USDA said there’s to be more soybean acres but less for corn and wheat for the coming crop year.