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Farmers facing fertile year

A report by the Bank of Montreal says Canada's real agricultural output is on track to increase 7.5 per cent this year, laying fertile ground for the sector's performance heading into 2013.

A report by the Bank of Montreal says Canada's real agricultural output is on track to increase 7.5 per cent this year, laying fertile ground for the sector's performance heading into 2013. The bank's national manager of agriculture calls the rebound impressive and says improved demand, prices and growing conditions have been a clear boon to the industry. BMO says emerging markets with expanding populations and incomes are a key growth opportunity for the sector.