Farm Credit Canada has released its latest Canadian agriculture productivity and trade report.

FCC Chief economist J-P Gervais notes that 30% of Canada's income in the Ag sector comes from exports to the United States, although that could change in the future.

"We have diversified the importance of the US market. We have diversified away from the US in terms of relying on the US as an export destination over the last few years, and I think we're going to be able continue to do the same. I think it's a good strategy, we're always going to rely on the United States for probably a good time, but diversifying away from the US is actually a pretty good thing I think."

Gervais explains what sets Canada apart from other countries when it comes to productivity.

"We're the 5th largest exporter when it comes to Agricultural commodities in the world. So the idea the we've been able to grow production on our farms faster than the rate of growth of farm inputs. And because of that, we manage to grow our exports in world markets, and that's what really sets us apart when it comes to explaining our success in world markets."

The purpose of the report is to look at the overall performance of Canadian agriculture and world markets.