Search
Better Farming OntarioBetter PorkBetter Farming Prairies

Better Farming Ontario Featured Articles

Better Farming Ontario magazine is published 11 times per year. After each edition is published, we share featured articles online.


Food inflation in 2014 tied to lower meat supply and exchange rate

Thursday, January 16, 2014

by MATT MCINTOSH

Retail food prices will continue to rise marginally in 2014 thanks to a fluctuating exchange rate and a lower supply of meat products, says a report released by the George Morris Centre.

In their January report, the George Morris Centre – an independent research institute that studies Canada’s agri-food sector – predicts that food prices will see an inflation rate “at or below the overall rate of inflation,” hovering at less than one per cent in 2014.

The report says that high demand and a lower supply of pork and beef means meat prices will continue to press upwards. Similarly, the Canadian dollar has been falling in value against the American dollar over the past year, which they say might trigger higher domestic prices this year.

Despite the meat supply and exchange rate, however, the report says inflation should be low thanks to higher retail competition, and more stable food-processing costs. A slower overall economy and “lukewarm consumer confidence” may also be suppressing inflation rates.

“What goes on at the retail end is of course very important to producers,” says Kevin Grier, senior market analyst at the George Morris Centre, and one of the report’s authors. “However, the predicted inflation rate likely won’t affect farmers as much as retailers. Month to month fluctuations in food prices have more to do with market competition.”

The full report is available from the George Morris Centre’s website. BF

Current Issue

April 2025

Better Farming Magazine

Farms.com Breaking News

Lynmark Farms named Master Breeder for 2025

Wednesday, April 2, 2025

The Canadian Milking Shorthorn Society has announced that Lynmark Farms has been named as a herd for 2025. Lynmark Farms is owned and operated by Tim Shearer and Irene Vietinghoff of Norwood, Ontario. They are the third Milking Shorthorn herd to be recognized as a since this... Read this article online

John Deere collaborates with Dovetail Workwear

Wednesday, April 2, 2025

Built by, for, and with women, Dovetail Workwear is teaming with John Deere ( Deere & Company) to develop a collection of apparel and gear specifically designed to address the needs of women in the agricultural industry. The companies said there’s a shared commitment to celebrating... Read this article online

Keep it Clean launches 2025 Product Advisory

Wednesday, April 2, 2025

The from Keep it Clean is now available to inform growers and crop advisors about potential market risks tied to certain crop protection products when used on some crops. Click HERE. Keep it Clean is a joint initiative of the Canola Council of Canada, Cereals Canada, Pulse Canada,... Read this article online

OFA Fights for Farmer Rights during Tariff War

Monday, March 31, 2025

The agricultural sector in Ontario trades billions of dollars annually with the U.S. In 2023, this amounted to $32.8 billion, it also included a trade deficit of nearly $2 billion. The impact of tariffs and trade barriers on this trade is significant, as they disrupt supply chains, reduce... Read this article online

BF logo

It's farming. And it's better.

 

a Farms.com Company

Subscriptions

Subscriber inquiries, change of address, or USA and international orders, please email: subscriptions@betterfarming.com or call 888-248-4893 x 281.


Article Ideas & Media Releases

Have a story idea or media release? If you want coverage of an ag issue, trend, or company news, please email us.

Follow us on Social Media

 

Sign up to a Farms.com Newsletter

 

DisclaimerPrivacy Policy2025 ©AgMedia Inc. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Back To Top