Agricultural Policy Trends: Did Covid Support for Beef Cattle Producers Hit the Mark?

Is Covid Support for Ranchers Hitting the Mark?

  • Karen Spencer SPP and Simpson Center


Canadian consumers paid more for beef products in 2020 due to various COVID-19 impacts on the supply chain. Farmers and ranchers producing cattle saw a substantial drop in their revenues, while processors, wholesalers and retailers were the net beneficiaries of the higher prices. With the Federal/Provincial “set-aside” program designed to aid beef producers during this uncertain time, how much support was supplied relative to the economic pain seen, and was it directed to the right parties?