Published June 20, 2024

Here are a few fun facts that quantify a few realities of the farming sector.

12%: The amount by which world GDP will drop for ever 1-degree-Celsius increase in global temperature, according to a new study released in May by Harvard University’s Adrien Bilal and Diego Kanzig of Northwestern University entitled The Macroeconomic Impact of Climate Change: Global vs. Local Temperature, published by the U.S.-based National Bureau of Economic Research.

43%: The percentage of Quebec farmers who predict the financial health of their farm business will deteriorate in 2024.

14%: Percentage of agricultural producers in Quebec who operate farms with annual revenues under $100,000 that fear going out of business.

319: The average number of acres of farmland lost a day – the equivalent of nine family farms taken out of agricultural production per week.

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