Farms.com Home   Ag Industry News

Agriculture minister announces $1.6M investment in livestock genetics

Gerry Ritz hopes investment will open new market opportunities for Canadian dairy, sheep and goat farmers

By Amanda Brodhagen, Farms.com

Federal Agriculture Minister Gerry Ritz was at Canada’s Outdoor Farm Show on Wednesday [Sept. 10] to announce a $1.6 million investment for the Canadian Livestock Genetics Association (CLGA) as part of the Growing Forward 2 initiative. Minister Ritz was joined by Dave Mackenzie MP for Oxford and Michael Hall, the Executive Director for the Canadian Livestock Genetics Association.

The dollars aim to help increase the sale of Canadian dairy and small ruminants (sheep and goat) genetics to export markets around the world. The target is to grow the sale of export livestock genetics by 10 percent by 2015. In 2013 the three livestock sectors combined generated over $120 million in export sales. The industry eyes to increase market sales to more than $123 million. Hall said that selling more genetics abroad provides revenue opportunities to 12,750 dairy farmers and more than 1,000 sheep and 450 goat breeders across Canada.

"Our Government remains committed to supporting the agricultural sector through strategic investments to grow markets both nationally and internationally,” Minister Ritz said in a release. “This investment will help the dairy and small ruminant genetics industry open up new global markets and promote Canadian products to ensure the long-term sustainability of the industry."

Funds are earmarked to aid with promotion, training and educational materials which will be created by the CLGA. The not-for-profit trade association has a membership of about 70 livestock organizations and has a presence in 100 countries worldwide. In this case, CLGA will represent the dairy, goat and sheep sectors to identify creative ways to market Canadian genetics from that of competitors. CLGA is tasks with focusing on 45 different markets.

(Contributed photo by Jennifer MacTavish: Jillian Craig, Ontario Sheep Marketing Agency (OSMA), Minister Gerry Ritz, Michael Hall CLGA, and Gary Fox OSMA Director enjoying lamb kabobs).


Trending Video

Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.