In addition to trade liberalization, other factors have contributed to the strong growth of red meat production in Canada since the end of the 1980s. In particular, the outbreaks of foot and mouth disease (FMD) in Taiwan and in South Korea eliminated two competitors in the Japanese market. This reduction in supply caused an increase in the price of hogs in the United States and Canada of 2.5% and 3% respectively during the 1997 to 2007 period. The higher price stimulated Canadian production by an average of 5%, and by 2% in the United States. Annual agricultural farm receipts from the hog market were greater by an average of $CD 276 million (9%) for a grand total of $CD 3 billion over the 11 years. Moreover, the value added in the red meat processing industry was on average $CD 158 million higher (5%) for a cumulative total of $CD 1.7 billion. Finally, the value of exports of the red meat supply chain is on average $CD 239 million higher (4.4%) for a grand total of $CD 2.6 billion during these 11 years.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.