A new report looks at ways to diversify and reduce our reliance on the U.S. market

Farm Credit Canada (FCC) has released a new report urging Canada’s agriculture and food sector to diversify its export markets to reduce our reliance on the United States.

The report “The $12-billion trade shift: Canada’s opportunity to diversify food exports beyond the U.S.”, outlines strategies to redirect food and beverage exports to new and existing international markets, while also boosting domestic trade.

The United States is Canada’s largest trading partner for food and beverage exports, accounting for over 75% of exports in 2023, up from 67% in 2018. In contrast, only 31% of primary agricultural exports went to the U.S. that same year. On the import side, 65% of food and beverage products and 78% of primary agriculture imports came from the U.S.

This heavy reliance leaves Canadi