A Farm Credit Canada economist says low interest rates should help improve farmers cash flow.
J. P. Gervais says the consensus is for the Bank of Canada to hold its key interest rate steady in 2015.
He suggests that, combined with weak oil prices, will keep the Canadian dollar below it's 2014 average value.
Gervais says the lower loonie is positive for livestock and crop receipts.
On the other side, the economist expects fertilizer costs to be - on average - four per cent higher.
That's driven primarily by higher phosphorous prices.
Gervais expects the prices of crop protection products to be up to five per cent higher this year than last.
