What is Your Industry?
Agricultural

International competitiveness is important for the industry, and to improve on competitiveness the industry must continue to increase productivity and adapt to market developments.

• Technological change has resulted in continuous growth in world agricultural production and a long-term decline in commodity prices.
• Exports from emerging low cost producers continue to grow.
• Real commodity prices continue to decline while input prices in real terms have remained relatively stable.
• Macroeconomic factors such as the appreciating exchange rate and higher energy prices are also contributing to pressures on the sector.

The greatest opportunity to increase profitability and productivity improvements can be obtained by the implementations of business management applications which are catered to the agricultural industry.

• Most agricultural output prices are set in global markets so the scope for a small country to influence is limited
• Trade reform may have some impact
• Higher-priced value-added products may provide some important opportunities in the future

• Limited influence since many are set in global markets or set outside agriculture
• Regulations can have an impact on input prices
• Government support policies can unintentionally increase costs (e.g. land and quota values)

• Enhancing private and public sector spending on R&D and investment in public infrastructure
• Removing regulatory impediments
• Developing new products that meet changing consumer and market demands

At Synergy Plus Solutions we comprehend some of the barriers and the opportunities that are ahead for the agricultural industry. As your trusted advisor, our Synergy staff will assist in relieving some of the barriers, which will than allow you to continue to grow, produce and adjust to the changing agricultural industry. We also understand that the agri-food sector as a whole remains a significant contributor to the Canadian economy and most components are growing, which is why it is once again vital to have the proper technology in place in order to reach those demands and excel within a growing market.