Crop input costs are expected to rise in 2026, while crop prices are expected to come down.
That's according to Farm Credit Canada’s analysis.
Canadian farmers are forecasted to spend $22.5 billion on crop inputs in 2026.
This could make 2026 one of the most expensive crop years, potentially rivalling the record set in 2022.
Fertilizer costs are expected to reach nearly $10 billion.
High prices have suppressed summer demand among Canadian farmers — many of whom have delayed purchases.
However, U.S. farmers planted 7.4 per cent more corn than last year, which elevated demand for nitrogen and supported prices.
Demand has also been strong in other parts of the world, including Europe.
Global phosphate supplies are tight and prices remain high.
Geopolitics like the war in Ukraine also continue to influence fertilizer supply.
