Study finds significant beef payoff
New report says it is difficult to measure the economic significance of the sector by just looking at farm cash receipts
By William DeKay, The Western Producer (Canada)
July 15, 2021
A recent study shows beef production in Canada contributes more to the overall economy than is shown by traditional measures such as farm cash receipts.
The recent Economic Impacts of Livestock Production in Canada – A Regional Multiplier Analysis, funded by the Beef Cattle Research Council, confirmed the beef sector continues to be a significant driver of economic activity.
“I think it’s really important as we look at setting priorities within industry, government and others to realize the potential and value in terms of how the beef industry contributes to the economy,” said Andrea Brocklebank, executive director of the Beef Cattle Research Council in Calgary.
Canfax Research Services did the project management, working with Suren Kulshreshtha at the University of Saskatchewan, who completed the study in April.
It updated earlier studies to more accurately reflect the economic impact of the beef sector.