Farms.com Home   News

New study shows Abbotsford has highest farm sales per hectare in Canada

Abbotsford agriculture is responsible for $3.83 billion in economic activity today, up from $1.8 billion in 2008, according to a newly released report.

The report, titled Canada’s Agricultural Hub: An Economic Impact Analysis of Agriculture in Abbotsford, was released Wednesday (May 25) by the Abbotsford Chamber of Commerce, under the academic guidance of University of the Fraser Valley and the University of British Columbia.

It is a followup to the 2008 report “The Economic Impact of Agriculture in Abbotsford (market-based goods and services).”

Abbotsford Chamber CEO Katerina Anastasiadis said in a press release that the study highlights the “significant economic impact the agricultural sector plays in Abbotsford’s local economy while also highlighting the sector’s broader value to our region, country and ongoing food security.”

“The Abbotsford Chamber of Commerce supported Abbotsford farmers through the hardships of the past years – from the pandemic to the disastrous floods of 2021 – and will continue to be the voice emphasizing the critical importance of this sector,” she said.

The report found that Abbotsford is one of the most intensely farmed areas in North America and has the highest farm sales per hectare of any other city in Canada.

Farm-gate receipts for Abbotsford are approximately twice the amount of the next highest agriculture-producing communities of Chilliwack and Langley, the study found.

As one of the primary employment drivers for the region, agriculture accounts for more than 16,000 full-time jobs in Abbotsford today, equating to 23 per cent of all jobs in the city.

This compares to 11,000 full-time jobs in the industry – 20 per cent of all jobs – in 2008.

The report also found that the agriculture sector has grown twice as fast as the city’s population.

Click here to see more...

Trending Video

U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!