Farms.com Home   News

Canadian Cereals Sector Drives Economic Growth and Employment in Canada

The Canadian cereal grains value chain plays a critical role in Canada's economy by creating jobs, supporting families, and driving economic growth. According to a recent report commissioned by Cereals Canada, Canadian-grown wheat, barley, durum, and oats had an estimated total economic impact of $68.8 billion, including more than 370,000 Canadian jobs, and $27 billion in wages. 

The report entitled "The Economic Impact of Wheat, Durum, Barley, and Oats on the Canadian Economy: 2022" highlights the significant contribution from these four crops. Cereals Canada engaged LMC International, an independent economic consulting firm focused on the agriculture and agribusiness sector, for the study.

"The cereals value chain is a major contributor to Canada's success," said Dean Dias, chief executive officer at Cereals Canada. "The report reinforces the vital role that the Canadian cereals industry plays in Canada's economy."  

Click here to see more...

Trending Video

Drought Now, Cold Weather To Come, Grain State Outlook

Video: Drought Now, Cold Weather To Come, Grain State Outlook

Colder weather ahead is the call from Eric Hunt with University of Nebraska Extension. We dig into the forecast for the months to come and look back at what happened at the end of the growing season, including the conditions that allowed southern corn rust to thrive. Eric also breaks down the current drought situation, highlighting where it’s driest now and where the conditions are changing. We wrap on the spring outlook and the current La Nina pattern in place and and what’s driving this cold snap. Yes, Eric said polar vortex in this conversation.