Optimism Report Optimism in Canadian Agriculture 2010 : Page 6
External factors have minimal impact on producers’ plans for spending One third of producers identify their current business or succession plans (34%) as the main reason for planned changes to spending, while two in ten are making changes because their personal situation has changed (21%) or because the economics of their operation has changed (19%). Reasons for planned spending changes It is part of my current business or succession plan My personal situation has changed The economics of my business changed The global economy changed The local economy changed Additional industry knowledge The national economy changed Consumer demands have changed I plan to leave the industry 6% 6% 4% 4% 4% 2% 21% 19% 34% If you previously identified any planned changes to your spending in 2011, please select the three st nd rd main reasons for these changes? [1 reason, 2 reason, 3 reason] (n = 4066) 4 th Edition 6
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