Farmers can lock in some pretty decent profit margins right now.
 
The Chief Agricultural Economist for Farm Credit Canada JP Gervais says commodity prices are expected to fall lower as global grain stocks remain high and in some cases increase.

Gervais says the one key factor for us right now is our low Canadian dollar.

"Which we don't expect to go up sugnificantly in 2016, I really do think that by the end of the year we're gonna see a Canadian dollar that is higher than it is now but having said that it's gonna be around the .75 range or below so it's pretty low to begin with and that really helps overall profit."

Gervais says despite the lower interest rates he expects farm debt and the growth to slow down.

He notes farm debt is expected to climb with farm input costs are still going up while farmland values will probably stabilize.

Producers will want to look at their operations closely as he expects to see some slight upward pressure on fixed rates associated with 3 and 5 year mortgages.