ECA Review 2024-02-22
ECA Review 2024-02-22
ECA Review 2024-02-22
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8 F ebruary <strong>22</strong>'24 HANNA/CORONATION/STETTLER, AB. <strong>ECA</strong> REVIEW<br />
<br />
BREEDERS’<br />
AGRI-NEWS<br />
Farm input price review<br />
Compared to 2<strong>02</strong>2, the price of electricity increased,<br />
while purple gas, diesel fuel, propane and<br />
farm natural gas prices decreased.<br />
“Agri-businesses continually adapt<br />
to changing input prices, especially<br />
during periods of volatility, high<br />
inflation and supply chain issues,”<br />
says Azam Nikzad, market analyst/<br />
coordinating researcher with the<br />
Alberta government.<br />
“Farm input costs represent an<br />
upfront purchase necessary for production<br />
and encompass a range of<br />
items including fertilizer, chemical,<br />
seed and feed. Rising farm input<br />
prices are concerning as they contribute<br />
to higher farm operating<br />
expenses.”<br />
According to Statistics Canada,<br />
farm operating expenses increased<br />
by 20% in 2<strong>02</strong>2 compared to 2<strong>02</strong>1 and<br />
their farm input price index for<br />
Alberta is up 9.6% in third quarter<br />
2<strong>02</strong>3 compared to third quarter in<br />
2<strong>02</strong>2.<br />
To better understand farm input<br />
prices trends in Alberta, the analysis<br />
below compares the annual percentage<br />
change in yearly averages for<br />
select farm inputs in 2<strong>02</strong>3 versus 2<strong>02</strong>2.<br />
The most significant upward shifts<br />
were observed in the price of electricity,<br />
followed by oil for diesel<br />
engines, which rose by 44.6% and<br />
27.6%, respectively.<br />
Conversely, purple gasoline, diesel<br />
fuel, propane and farm natural gas<br />
prices decreased by an average of<br />
23.1%, primarily driven by lower<br />
global natural gas and crude oil<br />
markets.<br />
Fertilizer showed an average price<br />
decrease of 18.2%, with the most significant<br />
decline observed for urea,<br />
which was down 29.5%.<br />
Farm machinery prices increased<br />
14.4% on average, whereas machinery<br />
parts and repairs experienced an<br />
average uptick of 5.2%.<br />
Turn to Many, Pg 10<br />
South Devon<br />
BULLS<br />
• Excellent<br />
converters<br />
of grass<br />
and grain<br />
to beef<br />
• British Breed<br />
• Quiet Disposition<br />
• High Butterfat 4.5<br />
Diamond M<br />
RANCHING<br />
403.566.2467<br />
403-633-0181 (cell)<br />
dmrranching@gmail.com<br />
BULLS SOLD OFF RANCH<br />
Red & Black Yearlings<br />
and<br />
2 Year old Bulls<br />
Poundmaker Angus /<br />
South Devon<br />
Bulls and Heifers<br />
South Devon Semen Available for Sale<br />
TM TM<br />
NAPAGold<br />
FILTERS ARE ON SALE!<br />
TM<br />
NAPAGold FILTERS ARE ON SALE!<br />
TM<br />
NAPAGold Napa FILTERS Auto ARE Parts ON Stettler SALE!<br />
Feb19 th - March 1 st<br />
403-742-6272<br />
FILTERS ARE ON SALE!<br />
KLONDIKE OIL SALE ON NOW<br />
Get KLONDIKE’s special full truck load pricing on select<br />
Get KLONDIKE’s special full truck load pricing on select<br />
products for limited time only<br />
products for a limited time only<br />
February 26 th to March 8 th , <strong>2<strong>02</strong>4</strong><br />
February 26 th to March 8 th , <strong>2<strong>02</strong>4</strong><br />
Contact Don Petersen<br />
Contact Don Petersen<br />
Napa Auto Parts Stettler<br />
49<strong>02</strong> 43RD Napa Ave, Auto Stettler, Parts Alberta StettlerT0C 2L0<br />
403-742-6272 49<strong>02</strong> 43RD Ave, / dpetersen@napacanada.com<br />
Stettler, Alberta T0C 2L0<br />
403-742-6272 / dpetersen@napacanada.com
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