There’s more big news for the agriculture sector, this time for the cattle industry.
Western Feedlots in Alberta says shareholders have decided to voluntarily wind down their cattle operations.
In making the announcement they cited the high risk/low return environment in cattle ownership, as well as a poor political and economic environment in Alberta.
Golden West contacted Highwood MLA Wayne Anderson - one of Western’s three feedlots is in High River.
He says things like Bill C-6 didn’t help:
"The increase in corporate taxes had another layer of impact, then minimum wage as well.
Now, with the carbon tax coming out January 1st, I guess the shareholders felt that now was the time to get out before any more damage is done," he said.
Source : Discoverestevan